Zangge Mining Industry: the first phase of 50,000 tons of lithium carbonate in Mamicuo Salt Lake is scheduled to be completed and put into production in the first half of 2024.

[Zangge Mining: Mamicuo Salt Lake first Phase 50000 ton Lithium Carbonate Project is scheduled to be completed and put into production in the first half of 2024] the Zangge Mining Industry said in a survey conducted by an institution that Mamicuo Salt Lake is a surface lake that can directly extract lithium from lake water. At the same time, it is rich in freshwater resources, with proven available lithium chloride reserves of about 2.5011 million tons, discounted lithium carbonate of about 2.1774 million tons, and average grade of lithium chloride 5645mg/L. With a total planned production capacity of 100000 tons, the company has obtained a 24% stake in Mamicuo Salt Lake through the Zangqing Fund. The first phase of the 50, 000-ton lithium carbonate project is scheduled to be completed and put into production in the first half of 2024.