2022-12-07 00:01Group 1: Production Capacity and Operations - Tianqi Lithium's Jiangsu facility completed maintenance and technical upgrades by the end of May, currently achieving a lithium carbonate production capacity of approximately 40 tons per day, with a target of 1,500 tons per month [5] - The company is ensuring that technical improvements do not disrupt normal production [5] Group 2: Market Outlook and Pricing - The current market for lithium carbonate products is stable, with normal production and sales operations [6] - The company maintains a long-term positive outlook on the lithium battery industry, anticipating sustained demand driven by the growth of the electric vehicle sector [6] Group 3: Expansion Plans - The decision to expand lithium hydroxide production instead of lithium carbonate is based on market trends indicating a significant increase in the market share of lithium hydroxide, with few companies currently able to produce battery-grade lithium hydroxide [6] - The feasibility study for the new project is expected to be completed by the end of 2016, with a construction timeline of 2 to 4 years [6] Group 4: Resource Utilization - The 20,000-ton lithium hydroxide project will utilize lithium concentrate from Talison, which has a designed capacity of 740,000 tons per year, currently not fully utilized [7] - Talison's increased capacity utilization will meet the production needs of the lithium hydroxide expansion plan [7] Group 5: Financial Performance - As of now, there is no need to revise the previously disclosed performance estimates for the first half of 2016 [8]