SMM

In recent communications with investors, China Mineral Resources disclosed that their Bikita mining project in Zimbabwe has successfully reached the targeted production capacity for two production lines—one with an annual output of 2 million tons of spodumene and another with an annual output of 2 million tons of petalite. Currently, a stable flow of concentrates is being transported to domestic locations to ensure the supply meets the raw material demand of the local smelting plants. The company possesses highly flexible production facilities capable of producing 60,000 tons of battery-grade lithium carbonate and battery-grade lithium hydroxide annually. With its high quality and reputation in the industry, the company's production and sales volumes of potassium salt products are expected to achieve robust growth in 2024."