With the explosion of new energy vehicles and energy storage, the rapid growth of lithium resource demand has brought about a huge gap between supply and demand, and its strategic importance has basically become a global consensus. In this context, On December 23, Tibet Everest (600338) released the news, Argentina local time on December 22, 2021, the company held a lithium salt lake project groundbreaking ceremony in The Salta Province of Argentina Anheres Lake site, Power China officially entered the site, the salt lake development and construction operations.
According to reports, the two projects started in Xizang Qomolangma are respectively the annual output of 50,000 tons of lithium carbonate lithium salt lake extraction project of Argentina Lithium Potassium Co., Ltd. and the joint operation of UT project to expand the annual output of 5,000 tons of lithium carbonate.
Battery net learned that Tibet Everest at the end of 2020 through equity acquisition to Argentina lithium potassium company indirect holding. Since then, the company has actively carried out the preparatory work for the production of various lithium salt lake projects, and ushered in a number of breakthroughs in 2021, and finally determined the process line of extracting lithium ions from brine by adsorption and membrane to prepare lithium carbonate. The project ranks the top of relevant projects in Argentina in terms of brine quality and planned capacity, with a total investment of nearly 4 billion yuan. It will be the first project in the industrial application of the new technology of lithium extraction from salt lakes in China in South America and Argentina, and also the largest project of new capacity in Salta Province of Argentina in the past two years.
It is worth noting that Tibet Everest has an 88.48 sq km mining concession in The Anheres Salt Lake, which is mainly composed of intercrystalline brines rich in lithium, boron and potassium. According to the lithology of the aquifer, it can be divided into three brine deposits from top to bottom. The main beneficial components in brine are lithium, potassium and boron, which exist as ions. According to the plan, the company plans to build it into an environmentally friendly large brine lithium project.
In addition to the Anheles Salt Lake project, Tibet Everest also owns the Arizaro Lithium Salt Lake project in Salta Province, Argentina. According to the company's announcement on November 16, the company will invest us $15 million to complete geological exploration of arizaro Lithium Salt Lake in 2022, obtaining mining rights and ENVIRONMENTAL assessment (EIA) permits. It plans to invest at least $1 billion to build a lithium carbonate production capacity of 50,000 to 100,000 tons per year at the Arizaro Lithium Salt Lake.
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