2022-12-06 05:20Group 1: Company Growth and Production Capacity - The main growth in the next two years will come from technological upgrades and capacity optimization at existing production bases, with significant contributions expected from the expansion of Australian mines and the commissioning of lithium hydroxide production facilities in 2019 [4] - The current monthly production capacity at the Zhangjiagang base is approximately 1,400 tons, while the annual production capacity at the Shehong base is projected to be around 15,000 tons, with efforts to exceed these targets this year [6] Group 2: Lithium Hydroxide Production and Market Dynamics - The release of lithium hydroxide capacity is linked to product grade, with a focus on producing battery-grade lithium hydroxide for high-end electric vehicle applications since 2016, which limits overall production capacity [5] - The pricing of technical-grade lithium concentrate varies based on lithium content and impurities, with a noted increase in chemical-grade lithium concentrate prices in 2017 compared to 2016 [7] Group 3: Expansion Projects and Strategic Partnerships - The expansion of Talison is primarily to meet the production needs of two shareholders, with a projected doubling of capacity, while the 24,000-ton lithium hydroxide project is progressing on schedule [10] - The major shareholder, Tianqi Group, has a stake in Nemaska, a Toronto-listed company, with updates on the project available through public announcements [10] Group 4: Customer Structure and Market Trends - The majority of battery-grade lithium hydroxide is currently supplied to international clients, with limited domestic demand, while industrial-grade lithium hydroxide primarily serves long-term partners [14] - The company anticipates a doubling of lithium hydroxide demand in the future, with potential customers being monitored for market developments [13] Group 5: Legal and Financial Considerations - The company has appealed a first-instance judgment in a lawsuit with Sanyuan, and has made provisions for potential liabilities in its financial statements [19] - The future price of lithium carbonate will ultimately be determined by market supply and demand, with the current period viewed as a golden era for the electric vehicle industry [19]