2022-12-08 02:18Group 1: Financial Performance - Tianqi Lithium aims to achieve breakeven in 2015 despite significant operational pressure [5] - The company is focusing on reducing losses while balancing production between its two bases in Sichuan and Jiangsu [5] Group 2: Market Dynamics - Lithium salt prices have increased significantly, reflecting a supply-demand imbalance where demand growth outpaces supply growth [5] - In the first half of 2014, lithium salt prices were low due to limited demand and chaotic competition within the industry [5] Group 3: Business Strategy - Tianqi Lithium has no current plans to enter the downstream lithium battery market or pursue acquisitions in that area [7] - The company has acquired upstream resource company Talison and midstream processing company Galaxy Lithium, focusing on leveraging synergies [5][7] Group 4: Mining Operations - The company is learning from Talison's mining and environmental practices to enhance its own operations [8] - Talison's lithium concentrate is being prioritized for extraction due to its favorable economic conditions [8]