Data shows that as of yesterday's press time, 115 companies listed on the Shanghai and Shenzhen stock exchanges disclosed their institutional research records for the previous week (June 4th to June 8th). The lithium battery sector became a key focus for institutions, with several companies involved in lithium extraction from salt lakes receiving a large number of concentrated institutional research visits.
Last week, Lanxiao Technology, Zangge Holdings, and Salt Lake Resources received visits from institutional investors. Notably, several insurance companies participated in the research activities of these three companies simultaneously, indicating that some market funds remain highly focused on the lithium extraction sector from salt lakes.
Lanxiao Technology received visits from 11 institutions last week, including several insurance companies such as Qianhai Life Insurance, Ping An Asset Management, and Taikang Asset Management. The company stated that it is currently implementing the Zangge Lithium Industry 10,000 t/a lithium carbonate production project in the field of lithium extraction from salt lake brine.
Zangge Holdings received visits from 11 institutions last week, including Foresea Life Insurance, Ping An Asset Management, and Taikang Asset Management. The company stated that its 20,000-ton-per-year lithium carbonate project, with a construction period of 18 months, has been approved by the company's board of directors and shareholders' meeting. The company will accelerate the construction of the lithium carbonate project, initially constructing 10,000 tons and striving to gradually put it into production by the end of 2018, aiming to reach full production capacity as soon as possible.
Last week, Salt Lake Industry Co., Ltd. received visits from 11 institutions, with Foresea Life Insurance, Ping An Asset Management, and Taikang Asset Management appearing on the list again. Salt Lake Industry stated that its 10,000-ton/year lithium carbonate project, which has already been completed, has achieved industrial-scale production.
China's lithium reserves account for 13.21% of the global total, ranking fourth, with salt lake reserves accounting for 85% of these. The cost of lithium extraction from salt lakes is around 30,000 yuan/ton, a significant advantage. Abundant reserves combined with cost advantages, coupled with the country's reliance on resources for developing new energy vehicles, suggest a promising future for the salt lake lithium extraction industry. Domestic salt lake lithium carbonate production is expected to ramp up significantly in the second half of 2019. Early entrants will have an advantage in expanding production, enjoying the high prices and profits of the lithium carbonate industry and benefiting from their own rapid production expansion.
