China Minmetals to become actual controller of Qinghai Salt Lake

To speed up the construction of a world-class salt lake industrial base, the State-owned Assets Supervision and Administration Commission of Qinghai Provincial Government, Qinghai State-owned Assets Investment Management Co.Asian Metal Copyright held by Qinghai State-owned Assets Investment and Wuhu Xinzeqing Investment Management Partnership Limited Partnership, for approximately RMB13.Asian Metal Copyright, Ltd.Asian Metal Copyright .Asian Metal Copyright, and China Minmetals Corporation have entered into an agreement to set up China Salt Lake Industry Group Co.Asian Metal Copyright94% respectively from the prior year period, according to its semi-annual report.Asian Metal Copyright, Ltd.Asian Metal Copyright2% and 34.Asian Metal Copyright (tentative name), which would acquire 681 million shares of Qinghai Salt Lake Industry Co.Asian Metal Copyright, and China Minmetals Corporation have entered into an agreement to set up China Salt Lake Industry Group Co.Asian Metal Copyright, Ltd.Asian Metal Copyright held by Qinghai State-owned Assets Investment and Wuhu Xinzeqing Investment Management Partnership Limited Partnership, for approximately RMB13.Asian Metal Copyright held by Qinghai State-owned Assets Investment and Wuhu Xinzeqing Investment Management Partnership (Limited Partnership), for approximately RMB13.Asian Metal Copyright, and China Minmetals Corporation have entered into an agreement to set up China Salt Lake Industry Group Co.Asian Metal Copyright56 billion (USD1.Asian Metal Copyright56 billion USD1.Asian Metal Copyright91 billion).

Upon completion, the controlling shareholder of Qinghai Salt Lake will change from Qinghai State-owned Assets Investment to China Salt Lake Industry Group, and the actual controller of Qinghai Salt Lake will change from State-owned Assets Supervision and Administration Commission of Qinghai Provincial Government to China Minmetals Corporation.

In the first half of 2024, Qinghai Salt Lake produced 18,916 tonnes and sold 20,242 tonnes of lithium carbonate, up by 34.2% and 34.Asian Metal Copyright2% and 34.Asian Metal Copyright94% respectively from the prior year period, according to its semi-annual report.Asian Metal CopyrightTo speed up the construction of a world-class salt lake industrial base, the State-owned Assets Supervision and Administration Commission of Qinghai Provincial Government, Qinghai State-owned Assets Investment Management Co.Asian Metal Copyright The company has an existing production capacity of 30,000tpa of lithium carbonate, with a production target of 40,000 tonnes for 2024.

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