On January 9th, the China Geological Survey of the Ministry of Natural Resources announced a series of major breakthroughs in the exploration of lithium mines in China. The global proportion of lithium reserves has increased from 6% to 16.5%, and the ranking has jumped from sixth to second in the world, which is expected to reshape the global lithium resource landscape. So, what impact is expected to be brought to the domestic and even international lithium battery market landscape by such a newly added mineral deposit with such a reserve level? How will it affect the prices of domestic lithium battery products? “Reserves and mining output are two concepts. Generally speaking, the overall construction period of lithium mining plants is 2-3 years, and it may take 3-5 years in high-altitude areas.” Duan Zhiqiang, president of Wanchuang Investment Bank Research Institute, said that the overall exploration of mineral resources can be divided into four stages: pre survey, general survey, detailed survey and exploration. The stage of newly added mineral resources is generally in the aspect of pre survey or general survey, and the final economic mining output can be determined only in the exploration stage, and the overall transformation will continue for a period of time. (Securities Daily)
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