Chapter 433 [Don't care how to extract lithium, just have mine]
As the investment research meeting continued to progress, the participating analysts expressed their opinions one after another. Lu Ming, who had been rarely speaking, finally came to a conclusion and set the tone: "The core of the company's investment in lithium resources is to extract lithium from salt lakes.
, generally speaking, we are optimistic that lithium extraction from salt lakes will become the future trend of global lithium mine development, and Tiansheng Capital is betting heavily on this area."
The logic is actually quite simple, because the reserves and resources of salt lake type lithium mines have an absolute advantage among all types of lithium mines. Salt lake brine type lithium mines account for about 78% of the world's total lithium mine reserves, and in terms of economic feasibility
In terms of mining reserves, it also accounts for more than 90%, making it the most important type of lithium deposit in the world.
Moreover, the cost of extracting lithium from salt lakes has obvious advantages over extracting lithium from ores.
According to statistics, among the global lithium ore producers, the production cost of primary pure lithium carbonate of SQM, the largest lithium ore producer in Zhili, is about 10,000 to 15,000 yuan/ton, and the domestic production cost of salt lake lithium carbonate is 15,000 to 20,000 yuan/ton.
Yuan/ton.
Although the lithium extraction process from spodumene is mature, it consumes high energy, causes heavy pollution, and is costly. Even the largest mining company under Tianqi Lithium, Talisen, has a lithium carbonate production cost of around 23,000 to 25,000 yuan/ton.
, because when lepidolite is mined, it is often accompanied by tantalum, niobium, rubidium, cesium and other rare metal elements. If it cannot be comprehensively utilized, the production cost of each ton of lithium carbonate will be at least 30,000 yuan.
Relatively speaking, the cost advantage of extracting lithium from salt lakes is very obvious.
Lu Ming, who was sitting in the chief position, added: "However, we also have to invest in extracting lithium from spodumene. Anyway, I have said it in one sentence. There is lithium all over the world. As long as there is lithium, it is good, and it is good to combine lithium. The lithium in lithium mines
.”
The attendees couldn't help laughing when they heard this. The BOSS had already set the tone, so let's just do it.
The black swan event that occurred two years later swept the world, prompting the United States to go to full throttle to print money and press unlimited QE. That was a frenzied printing of trillions of dollars. The flood of U.S. dollars also drove up global commodity prices.
skyrocketing.
Lithium is also skyrocketing. In such a global context, regardless of whether it is extracting lithium from salt lakes or spodumene, the value of companies with lithium mines can skyrocket. The logic is so simple and crude.
…
In the afternoon, Lu Ming took a look at today's capital market trends. Big A opened low and moved high today with a slight rebound. He also paid attention to the target of Zhongxing Communications. After the Hong Kong stock market plummeted 25.71% yesterday, it fell again today.
It surged by 20.98%. An important factor driving the stock's surge today was the massive buying of Tiansheng Capital's southbound funds.
Lao Li, who was responsible for buying low positions and building positions, accidentally bought too hard. When the selling pressure was not heavy today, he bought 450 million Hong Kong dollars, which directly increased the price by 20 points.
However, this is not Li Mingyang’s mistake. Lu Ming gave him the task of buying below 11 Hong Kong dollars. Today’s closing price of Hong Kong stocks happened to be around 11.3 Hong Kong dollars, which exceeded the target price of opening a position. Lao Li naturally stopped buying.
, but then he did not fall down, but actually recovered his mood.
Compared with today's sharp rise in Hong Kong stocks, A-shares are still at a one-line limit today. This is the fifth consecutive one-line limit. Even though Hong Kong stocks have soared so much today, in fact, according to today's
The closing price still plummeted by -54% compared to before the flash crash, and the A-shares have not fallen enough because of the limit on the rise and fall.
Even if it exits the fifth straight board today, the cumulative decline will only be -41%. If compared with the decline of the Hong Kong stock market, A shares will at least drop another board. With the high valuation of Big A, it will still fall further.
Several boards.
Big A generally rises violently, and the corresponding sell-off is also violent.
Although there is a limit on the price limit, as long as it rises sharply, it will be a continuous rise or a continuous decline.
It is more difficult to build a position at the bottom of the Hong Kong stock market because the trading volume is so low that it has risen by as much as 20% today, and the trading volume is less than 1 billion Hong Kong dollars. If this is placed in the big A, today's trading volume is steadily heading towards 50
Starting from 100 million, it is not a dream to make tens of billions of transactions.
Lu Ming estimated that it would take at most 10 trading days to build a position in ZTE A shares at the bottom, and maybe five trading days if it were faster. Just look at the more than 3.5 billion closed orders on today's limit.
.
When an unpredictable big bad or good news suddenly breaks out in the A-share market, you will either run away or run into the market.
Lu Ming had just looked at today's market for a while when Han Qiulin knocked on the door and entered his office, "Chairman, the CEO of Tianqi Lithium has written a handwritten letter and asked someone to send it to you."
Seeing a paper letter in Han Qiulin's hand, Lu Ming was quite surprised. He took the letter but did not open it, "Looking at the posture and being so mysterious and low-key, there is probably a problem, and the problem is related to money.
"
Han Qiulin covered her mouth with a smile and said: "Those business bosses are looking for you, either to attract investment or to ask for money. This is what attracts those bosses the most."
Hearing this, Lu Ming glanced at him: "Why do your words sound so thorny? It means that we smell like copper..."
Han Qiulin suddenly answered: "Women don't have thorns, but men do have one."
Lu Ming was about to open the envelope and take a look. He was slightly stunned for a moment when he heard this. He turned to look at the other party and said calmly: "Anyway, mine is a cannon!"
After saying that, Lu Ming looked back at the envelope and opened it. After a while, he couldn't help laughing and said, "As expected, here, take a look."
Han Qiulin took the envelope and glanced at it. When she saw the contents of the letter, she was slightly surprised and said: "Mr. Jiang is a Leo, right? This amount can buy him half of Tianqi Lithium Industry, and he dares to open an exit."
?”
The content in the envelope is that Tianqi’s boss wants to pledge 27 billion yuan from Lu Ming. At present, Tianqi Lithium’s total market value is 56.6 billion based on today’s closing price, and Tiansheng Capital currently holds 20.35% of the company’s equity, and is its third company.
The two largest shareholders.
"Lend it to him!" Lu Ming suddenly said.
"Borrow...??" Han Qiulin thought she had heard wrongly. She looked at Lu Ming blankly and said, "You really want to do this?"
One really dares to borrow, the other really dares to give...
Lu Ming got up from his desk, walked slowly to the sofa and sat down, crossed his legs and said with a smile: "Boss Jiang went to Zhili to buy the lithium mine, so you can be his pledgee and borrow it, of course you can borrow it.
"
The boss of Tianqi had made it clear in his letter to Lu Ming that even the pledge had to be operated, and it could not be the identity of Tiansheng Capital, because Boss Jiang planned to go to Zhili to buy the mine.
Lu Ming actually agreed.
In fact, the best way is to give Tiansheng Capital a fixed increase, but the problem is that Lu Ming has a very bad relationship with North America. Boss Jiang is afraid that it will be affected. Tiansheng Capital already holds more than 20% of the equity, so he is a bit worried.
I'm worried. If we do private placement, we will be the largest shareholder and will have absolute control.
Therefore, even if it is actually pledged to Tiansheng Capital, it must be covered up to avoid unnecessary trouble.
Tianqi Lithium made this money to acquire a 24% stake in SQM, the largest lithium ore producer in Zhili.
Han Qiulin frowned slightly and said: "The acquisition of 24% of SQM's shares is worth approximately US$4.3 billion, equivalent to approximately RMB 27.3 billion. The total revenue of Tianqi Lithium in the eight years since its listing is only about RMB 14.1 billion, which is about RMB 14.1 billion.
The funds required for this acquisition are too far apart, so the risks involved may be a bit..."
Lu Ming disagreed: "What you said is actually correct, but that's not the point. The point is that as long as he can buy the mine, it's not a problem. Just do as I say. You go arrange personnel to handle this matter."
In fact, there was news that Tianqi Lithium would acquire part of SQM's shares as early as May this year, and many domestic media quoted news reports from Reuters.
At that time, Lu Ming was quite curious when he saw the news. If the acquisition of Tianqi Lithium could be successful, how would he prepare funds to fill the funding gap for the acquisition? He never thought that Boss Jiang would actually catch Brother Yi to "take action".
It is worth mentioning that Talison, the world's largest lithium extraction producer from spodumene, now also belongs to Tianqi Lithium. Although Lu Ming is optimistic about lithium extraction from salt lakes, whether it is lithium extraction from salt lakes or lithium extraction from spodumene, having mines is the key.
.
Now, Tianqi Lithium intends to acquire 24% of the shares of SQM, a company engaged in extracting lithium from salt lakes. Moreover, SQM’s lithium salt production costs are the lowest among global lithium ore producers. The production cost of primary pure lithium carbonate is
At about RMB 10,000 per ton, the production cost of lithium carbonate from other salt lakes abroad is about 50% higher than that, and the cost in China is about twice as high.
Han Qiulin saw that he had made up his mind and didn't say anything more. She nodded and said, "Okay, then I will make arrangements as you wish and report back to you for approval later."
