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Resource advantages support the vigorous development of Sichuan's lithium industry and compete for layout
2023/7/26
Recently, the news of the inauguration of Sichuan Western Lithium Industry Group Co., Ltd. has attracted market attention.
Sichuan Western Lithium Industry Group Co., Ltd. held an unveiling ceremony in Chengdu on July 23. The company has a registered capital of 90 million yuan and is registered in Aba Prefecture, Sichuan. It is jointly established by three provincial enterprises. Tianfu Mining Investment, a subsidiary of Sichuan Development (Holdings) Co., Ltd., Chuanfa Lomon under Sichuan Development (Holdings) Co., Ltd., and Sichuan Road and Bridge under Shudao Investment Group Co., Ltd. It is reported that Western Sichuan Lithium Industry Group will base itself on the rich spodumene resources in the Keryin area of Aba Prefecture, uphold the business philosophy of "openness, cooperation, co-creation, and sharing", and increase efforts in the exploration and development of lithium ore resources. The establishment of a new company by a provincial state-owned group "entered the bureau", which also made the development of Sichuan's lithium industry a focus.
The amount of lithium ore resources ranks first in the country
The lithium ore resource known as "white oil" is an important strategic mineral resource of the country. Statistics show that Sichuan, as a major province of energy resources in the country, is rich in strategic mineral resources and superior in resource endowment, and its reserves of lithium ore resources rank among the top in the country. As of the end of 2020, there are 8 important mineral resources with the largest amount of proven resources in the country in Sichuan. Among them, the cumulative amount of proven resources of lithium minerals accounts for 50.8% of the country's total. Sichuan's advantages in the field of lithium resources provide strong resource support for industrial development.
The development of Sichuan's lithium industry has also received policy attention and support. The "Mineral Resources Master Plan of Sichuan Province (2021-2025)" released in February this year proposed that by 2025, the total annual mining volume of lithium ore in Sichuan will reach 1 million tons; by 2035, industrial clusters such as lithium mines in western Sichuan will be formed. In June of this year, the "Decision of the Sichuan Provincial Committee of the Communist Party of China on Deeply Promoting New Industrialization and Accelerating the Construction of a Modern Industrial System" mentioned that the implementation of actions to improve the quality and multiplication of advantageous industries includes refining key strategic materials, further improving the technical level of materials such as lithium batteries, and Improve the comprehensive supporting capacity of key components of new energy vehicles, etc.
At the recent press conference on Sichuan's economic situation in the first half of 2023, Zeng Junlin, spokesperson of the Sichuan Provincial Bureau of Statistics, told the "Securities Daily" reporter that in the first half of this year, the output of new energy products in Sichuan has achieved rapid growth. The production of ion power batteries increased by 58.9% year-on-year. He also said that Sichuan has basically gathered the "head players" of the power battery industry chain, forming a layout of the entire industry chain.
Wang Xiaoqi, director of the Investment and Sustainable Development Research Center of the Sichuan (Western) Research Institute, said in an interview with a reporter from the Securities Daily: "At present, the development of Sichuan's lithium industry has begun to take shape and occupies a relatively important position nationwide. From From the perspective of the industrial chain, in addition to the abundant lithium resources, Yibin City in Sichuan has proposed to build a world-class power battery industry cluster, while Suining, Sichuan and other places are actively developing industries such as lithium salt and lithium battery. The development of the lithium industry in Sichuan has a good However, it also faces some challenges, such as the function of the industry’s public R&D platform is not perfect enough, the upstream and downstream information of the industrial chain is not symmetrical enough, and the standard system and traceability mechanism in the field of power batteries need to be further improved.”
Sichuan lithium battery industry chain is booming
At present, the abundant lithium ore resources in western Sichuan have attracted many industry companies to deploy. Among them, the "sky-high price lithium mine" Snowway was bid by many well-known companies last year. Listed companies Tianqi Lithium Industry and Chuanneng Power have respectively deployed the Yajiang Cuola Mine and Lijiagou Lithium Mine in western Sichuan. Since July 2023, three companies have registered and established new companies in Aba Prefecture, Sichuan. In addition to the newly established Sichuan Western Lithium Industry Group Co., Ltd., there is also a wholly-owned subsidiary of CATL which registered in Aba Prefecture on July 11. The established Maerkang Times Mining Co., Ltd. and Guocheng Holding Group Co., Ltd. registered and established Maerkang Guocheng Guokang Mining Co., Ltd. in Aba Prefecture on July 5.
There is a view that the above-mentioned three companies have recently established new companies in Aba Prefecture, which may be related to the transfer of exploration and prospecting rights for two lithium mines in Sichuan, which once again demonstrates the attractiveness of lithium mines in western Sichuan to the market.
Wang Xiaoqi told reporters: "As more and more state-owned enterprises and listed companies get involved in Sichuan's lithium industry, it will play a strong role in promoting the development and utilization of Sichuan's lithium resources, lithium salt and lithium battery industry. These Enterprises are expected to bring more advanced technologies to the development of Sichuan's lithium industry, boost the continuous improvement and upgrading of Sichuan's lithium battery industry technology and equipment, and give full play to the role of "chain master" enterprises to form industrial chains and supply chain clusters, which are expected to bring a lot of local Investment; head enterprises and 'chain master' enterprises have strong talent advantages, and are expected to bring more high-quality talent resources in the lithium industry to Sichuan."
From the perspective of the industry, although lithium prices have fluctuated greatly since 2023, lithium resources are still important to many industry companies because the increase in the self-owned rate of lithium mines has a positive effect on reducing costs.
Zhuo Chuang Information analyst Han Minhua told reporters that in the second half of 2023, with the production and sales of various links in the market stabilizing, the market price volatility is expected to narrow, and under the expectation of falling costs and loose supply, lithium salt prices will slowly fall It is expected that the mainstream price range of lithium salt may be between 200,000 yuan/ton and 300,000 yuan/ton. "
Sichuan Western Lithium Industry Group Co., Ltd. held an unveiling ceremony in Chengdu on July 23. The company has a registered capital of 90 million yuan and is registered in Aba Prefecture, Sichuan. It is jointly established by three provincial enterprises. Tianfu Mining Investment, a subsidiary of Sichuan Development (Holdings) Co., Ltd., Chuanfa Lomon under Sichuan Development (Holdings) Co., Ltd., and Sichuan Road and Bridge under Shudao Investment Group Co., Ltd. It is reported that Western Sichuan Lithium Industry Group will base itself on the rich spodumene resources in the Keryin area of Aba Prefecture, uphold the business philosophy of "openness, cooperation, co-creation, and sharing", and increase efforts in the exploration and development of lithium ore resources. The establishment of a new company by a provincial state-owned group "entered the bureau", which also made the development of Sichuan's lithium industry a focus.
The amount of lithium ore resources ranks first in the country
The lithium ore resource known as "white oil" is an important strategic mineral resource of the country. Statistics show that Sichuan, as a major province of energy resources in the country, is rich in strategic mineral resources and superior in resource endowment, and its reserves of lithium ore resources rank among the top in the country. As of the end of 2020, there are 8 important mineral resources with the largest amount of proven resources in the country in Sichuan. Among them, the cumulative amount of proven resources of lithium minerals accounts for 50.8% of the country's total. Sichuan's advantages in the field of lithium resources provide strong resource support for industrial development.
The development of Sichuan's lithium industry has also received policy attention and support. The "Mineral Resources Master Plan of Sichuan Province (2021-2025)" released in February this year proposed that by 2025, the total annual mining volume of lithium ore in Sichuan will reach 1 million tons; by 2035, industrial clusters such as lithium mines in western Sichuan will be formed. In June of this year, the "Decision of the Sichuan Provincial Committee of the Communist Party of China on Deeply Promoting New Industrialization and Accelerating the Construction of a Modern Industrial System" mentioned that the implementation of actions to improve the quality and multiplication of advantageous industries includes refining key strategic materials, further improving the technical level of materials such as lithium batteries, and Improve the comprehensive supporting capacity of key components of new energy vehicles, etc.
At the recent press conference on Sichuan's economic situation in the first half of 2023, Zeng Junlin, spokesperson of the Sichuan Provincial Bureau of Statistics, told the "Securities Daily" reporter that in the first half of this year, the output of new energy products in Sichuan has achieved rapid growth. The production of ion power batteries increased by 58.9% year-on-year. He also said that Sichuan has basically gathered the "head players" of the power battery industry chain, forming a layout of the entire industry chain.
Wang Xiaoqi, director of the Investment and Sustainable Development Research Center of the Sichuan (Western) Research Institute, said in an interview with a reporter from the Securities Daily: "At present, the development of Sichuan's lithium industry has begun to take shape and occupies a relatively important position nationwide. From From the perspective of the industrial chain, in addition to the abundant lithium resources, Yibin City in Sichuan has proposed to build a world-class power battery industry cluster, while Suining, Sichuan and other places are actively developing industries such as lithium salt and lithium battery. The development of the lithium industry in Sichuan has a good However, it also faces some challenges, such as the function of the industry’s public R&D platform is not perfect enough, the upstream and downstream information of the industrial chain is not symmetrical enough, and the standard system and traceability mechanism in the field of power batteries need to be further improved.”
Sichuan lithium battery industry chain is booming
At present, the abundant lithium ore resources in western Sichuan have attracted many industry companies to deploy. Among them, the "sky-high price lithium mine" Snowway was bid by many well-known companies last year. Listed companies Tianqi Lithium Industry and Chuanneng Power have respectively deployed the Yajiang Cuola Mine and Lijiagou Lithium Mine in western Sichuan. Since July 2023, three companies have registered and established new companies in Aba Prefecture, Sichuan. In addition to the newly established Sichuan Western Lithium Industry Group Co., Ltd., there is also a wholly-owned subsidiary of CATL which registered in Aba Prefecture on July 11. The established Maerkang Times Mining Co., Ltd. and Guocheng Holding Group Co., Ltd. registered and established Maerkang Guocheng Guokang Mining Co., Ltd. in Aba Prefecture on July 5.
There is a view that the above-mentioned three companies have recently established new companies in Aba Prefecture, which may be related to the transfer of exploration and prospecting rights for two lithium mines in Sichuan, which once again demonstrates the attractiveness of lithium mines in western Sichuan to the market.
Wang Xiaoqi told reporters: "As more and more state-owned enterprises and listed companies get involved in Sichuan's lithium industry, it will play a strong role in promoting the development and utilization of Sichuan's lithium resources, lithium salt and lithium battery industry. These Enterprises are expected to bring more advanced technologies to the development of Sichuan's lithium industry, boost the continuous improvement and upgrading of Sichuan's lithium battery industry technology and equipment, and give full play to the role of "chain master" enterprises to form industrial chains and supply chain clusters, which are expected to bring a lot of local Investment; head enterprises and 'chain master' enterprises have strong talent advantages, and are expected to bring more high-quality talent resources in the lithium industry to Sichuan."
From the perspective of the industry, although lithium prices have fluctuated greatly since 2023, lithium resources are still important to many industry companies because the increase in the self-owned rate of lithium mines has a positive effect on reducing costs.
Zhuo Chuang Information analyst Han Minhua told reporters that in the second half of 2023, with the production and sales of various links in the market stabilizing, the market price volatility is expected to narrow, and under the expectation of falling costs and loose supply, lithium salt prices will slowly fall It is expected that the mainstream price range of lithium salt may be between 200,000 yuan/ton and 300,000 yuan/ton. "
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