Salt Lake Capital Focus
November 5, 2005, China's largest lithium project - an annual output of 35,000 tons of lithium carbonate projects in the hinterland of the Western Qaidam Basin taijnar hu started by Qinghai CITIC Guoan construction companies to invest in technological development, the project will in August 2006 put into operation, which marked China's lithium extraction technology and a major breakthrough in the formation of large-scale production inspiron 1525 battery, dell inspiron 1526 battery, but also show that the Salt Lake in Qaidam Basin development resources to a new level.
Qinghai CITIC Guoan Guoan Holdings after the completion of the scale proposed for the annual production capacity of 1,000,000 tons of magnesium potassium sulfate fertilizer, 50,000 tons of boric acid, 35,000 tons of large-scale lithium comprehensive development and utilization of salt lake resources base. After one year, the National Security have been completed Qinghai over 50 square km Yantian, 28.28 kilometers of flood control dam, 16 kilometers Brine drainage and 10 km of the diversion channel, mixed salts of potassium can produce 1.35 million tons, 1.3 million cubic meters brine.
Company 300,000 tons of magnesium potassium sulfate fertilizer production line have been put into trial operation. Is expected early in 2006 the scale of production can be achieved.
This project is extremely optimistic about the research institutions, is considered the CITIC Guoan profits over the next few years the core.
West Lake taijnar - 170 billion value of the "gold mine"
Through the acquisition, CITIC Guoan is indirectly owned by Salt Lake taijnar West mining rights, at the same time involved in lithium potassium salt lake resources in the comprehensive development of boron. West Salt Lake taijnar central Qaidam Basin in Qinghai Province is located in an area of five hundred and seventy square kilometers, in Salt Lake is rich in potassium, lithium a1079 battery, boron, magnesium high-value elements, by the Ministry of Land and Resources Center, the assessment of mineral resources reserves found, and its liquid reserves are approximately equivalent to 2,656 million tons of potassium chloride, lithium chloride, 1.63 million tons, 3.08 million tons of boron oxide, 18,597 tons of magnesium chloride, 24,590 tons of sodium chloride, the potential economic value of 1,700 billion. Length of service in the guarantee of not less than 20 years under the premise of the overall development of the scale of up to 1.05 million tons annual production capacity of potassium-magnesium fertilizer, can be used as long-term stability of the lithium salt base.
In the increasingly fierce international competition today, control of resources between countries, one important element of competition. China has the world's most abundant resources of salt lake, salt lake resources, but most have not yet developed. There are the natural environment, investment environment, technology and many other factors.
West Salt Lake taijnar have adequate supplies of fresh water resources, from the Sebei gas field about 21 kilometers away from the Qinghai-Tibet Railway Station dabsan 130 kilometers around the lake floor flat, convenient transportation and large salt lake in China's resources and have a good large-scale Salt Lake development conditions.
Technically, since 2000, the National Security Group, a powerful organization of scientific research efforts carried out in Qinghai Salt Lake resource development and utilization of research work, the successful resolution of a high-Mg-Li Lithium-Magnesium Salt Lake than the separation of technical problems, and through the National Identification of class technology to achieve international advanced level. National Petroleum and Chemical Industry Bureau and the State Science and Technology Commission jointly organized by industry experts to test the results of the national identification, identification of the view that the project "for the Mg-Li ratio of 30:1 over the global problems of resource use are a major breakthrough in technology , technical indicators have reached international advanced level. " Qinghai Province Qinghai Science and Technology Agency of the National Security Industrial Science and Technology carried out tests to identify that the project "the first time in the Qaidam Basin, the use of sulfate-type brine resources of the sulfate-based industrial production of potash, potassium magnesium to fill the domestic fertilizer production gap, the core technology has reached the leading domestic level, the project overall has reached the international advanced level. " For our high-Mg-Li Salt Lake than the production of lithium salt, potash fertilizer to provide the most economical and practical process and technology.
It is reported that Salt Lake resource development company products through the following production m8416g/a battery, apple ibook g4 14-inch battery process: the west of Lake taijnar brine as the raw material, as the sun salt evaporation, condensation and separation technology, made from potassium-rich boron mixed lithium salt and mother liquor. Potassium salt mixed system through the decomposition process into a potassium-magnesium fertilizer, potassium sulfate products; boron-rich mother liquor using lithium boron acidification process to the preparation of boric acid products; mentioned boron lotion after the mother liquor and then evaporation, with the exception of magnesium and washing process system intermediate products, the final conversion process by the base system plus a lithium carbonate product.
Potassium-magnesium fertilizer, boric acid, lithium carbonate, in a CITIC Securities on the research done by the National Security report, the three major products in this evaluation of future market is "no risk."
Amazing low-cost and high market demand - Qinghai Salt Lake optimistic about the prospects of the project
Potash is a general term for minerals potassium, 95% of the world's potash used in the manufacture of potash, the main products are potassium chloride and potassium sulfate, and the remaining 5% of potassium salt used in industry. At the end of 1999, with the exception of the world outside of our proved reserves of potassium salt and 81 million tons, reserves of 16.7 billion tons base. The world's proved reserves for the current exploitation of more than 300 years. Sylvite resources are mainly concentrated in Canada, Russia, Belarus, Germany, the United States, Brazil, Israel, Jordan and other countries, of which only Canada, Russia and Belarus accounted for more than 80%. At present, a total of 14 countries on the exploitation of potash, the main mining rock salt and a small amount of potassium carnallite, including Canada, Russia, Belarus, Germany, the United States, Israel, and Jordan, the seven countries about the world's total output of sylvite production of 90%.
China's potash resources are very poor, to maintain reserves of 457 million tons, based on only two percent of world reserves of 2.6 percent, mainly potassium chloride in proven reserves, the vast majority of the distribution of the Qaidam Basin in Qinghai Salt Lake in a few (of the total 95% of reserves, and many were, associated with mine), a small number of counties in Yunnan Province, Meng Ye Well Jiangcheng sylvite deposit (solid potash mine, to maintain reserves of 11.99 million tons KCl), the other in Sichuan, Tibet, Xinjiang, there are sporadic distribution to all countries have the resources soluble potassium Rank volume, China will in the future 15. Potash production in China, mainly in the northwest and southwest regions, located in remote, traffic is very inconvenient, and energy shortages, low grade deposits, the economically developed eastern part of the distribution of resources is basically non-potassium salt. Therefore, control of scarce resources Sylvite domestic enterprise development as a key element of potash industry.
At present, large-scale development of the Salt Lake has potassium and mineral resources asm92p1168 battery, fru92p1167 battery, ibm thinkpad x60 battery, with the exception of the West Salt Lake taijnar, there Qinghai Salt Lake Industry Group has the right to Chaerhan Salt Lake mining and development investment by the state through the integration of the original company under the Department of Lop Nur, Xinjiang Delong Sylvite Science and Technology Development Co., Ltd. the right of access to mining resources in Xinjiang Lop Nur salt lake.
However, China is the world's second largest consumer of potash fertilizer, potash fertilizer consumption accounts for 12% of the world's total. We can see from the table below, even though China's potash fertilizer production capacity is growing, but can only meet 20% of total demand -25%.
Qinghai national security of the potassium-magnesium fertilizer production, effective content of about 24% of low potassium, but the company's products also contain magnesium 8% (converted into MgO), magnesium can promote photosynthesis, crops are in need elements should be taken into account in pricing. Recently from the United States, Germany, the potassium-magnesium fertilizer CIF import price at about 1,800 yuan / tons, and its nutrient content of various national security and Qinghai similar products, and market pricing of the company's products should be able to reach 1500 ~ 1600 yuan / ton of the tax votes. Therefore, even taking into account transport issues, the company is currently 780 yuan / ton ex-factory price is still reserved for the brokers profit larger space, which was mainly due to the production of potassium-magnesium fertilizer company is the market a new product, in view of fertilization farmers more cautious, generous profit margins are more willing to allow brokers to promote the company's products. According to the company disclosed that the volume of orders has reached an agreement more than 70 million tons, the company is likely to increase next year once, and then with the opening of potassium-magnesium fertilizer market, Qinghai national security for its products will be a gradual process of price increases. Measured according to plan, Qinghai-scale production of national security, the potassium magnesium fertilizer is expected to cost 300 yuan / tons.
Boric acid is an important industry of chemical raw materials, a large number for the glass industry, especially high-grade optical glass and special glass products, and in the enamel, ceramic, pharmaceutical, metallurgical and other industries also have a very wide range of applications a42-a3 battery. China's resources belong to the relative lack of boron country, according to network projections Mining, China BORON resources starting in 2005 will be a gap of about 200,000 tons by the year 2010 and 2020 the gap will be even greater, reaching 500,000 tons, respectively, and 200 million tons. By then, domestic demand and supply of boric acid will also be a certain gap, the project provides a reliable operation of the market space. Since 2004, the price of boric acid showed a trend of gradually rising in early 2005 to reach 5500 yuan / ton in the history of the peak. However, with the macro-control effects of the gradual emerging, demand for boric acid with the glass material to reduce the amount of decline vary; Moreover, the decline in international shipping costs will also be eased to some extent, boric acid rise in import prices. Accordingly, some experts believe that prices will boric acid over the next few years to return to 5,000 yuan / ton to about the center. Nevertheless, the company initially identified 4,200 yuan / ton ex-factory prices are highly competitive. And its reckoned the cost of production can be controlled at 2,500 yuan / ton.
Lithium carbonate as the lithium salt of the most important one is the production of rechargeable lithium and lithium salts of the basic materials, in spite of China's lithium resources are more abundant, the second place in the world, but with the lithium and scale of applications continues to expand, lithium carbonate demand for the upward trend was evident. According to the world's largest chemical manufacturer SQM lithium to the annual reports of the global lithium carbonate production in 2004 less than 70,000 tons, SQM's market share reached 41 percent, and the rest from Chemetall, FMC and other companies to carve up the domestic only in Sichuan, Xinjiang lithium industry such as lack of capacity of 5000 tons. At present, China's annual needs of more than 20,000 tons of lithium carbonate, the basic reliance on imports. With the development of lithium batteries, the world's growing demand for lithium carbonate, with an annual average rate of 5-6%, if the application of lithium car battery to make a breakthrough, lithium carbonate demand will not be able to measure. Therefore, the company production capacity of lithium carbonate will gradually release the world's lithium have a vital role in chemical industry.
This year, the world's largest manufacturers of lithium carbonate brine SQM in the use of their own low-cost production of large solid beat lithium ore producers to achieve a steady increase after the strategy, the battery level from the beginning of the market price of lithium carbonate for 2 yuan / tons up to 4 yuan / tons. National Security in Qinghai Salt Lake resource development process, the lithium carbonate is the end product, the main cost has been assessed in the cost of potassium and boric acid, making the National Security of the lithium carbonate production of highly cost-advantage is the size of the projected cost of 6000 yuan / tons. While the initial set of ex-factory price of 17,000 yuan / ton.
Because of resources, the National Security of Qinghai Salt Lake projects are low cost, the demand for wide range of products to replace imports, market potential, characterized by significant economic benefits d7310 battery, dell inspiron 700m battery. According to the company forecast: the project is completed is put into production, magnesium potassium sulfate fertilizer production 1 million tons, annual sales income 780 million yuan, annual output of 50,000 tons of boric acid, the annual sales income 210 million yuan, annual output of 25,000 tons of lithium carbonate, in sales of 425 million yuan, the annual total sales income of 1.415 billion yuan, total profit was 536.12 million yuan, profit after tax 455,700,000 yuan. CITIC Guoan by 51 percent of the rights and interests, the project can be provided for each of CITIC Guoan about 0.4 yuan per share.
Salt Lake potash - to the depth of the development of march
CITIC Guoan is a salt lake resources in the development of the New Army. Capital markets, there is a salt lake resources, relying on the veteran focused enterprise - Salt Lake potash. Its controlling shareholder of Qinghai Salt Lake Industry Group Co., Ltd. is a pioneer in the development of one of Salt Lake is also the only enterprise that approved the formation of scale.
Salt Lake potash resources have the most potassium-rich Chaerhan Salt Lake. Chaerhan Salt Lake in Qaidam Basin is the most low-lying area, is the largest deposit of soluble salts of potassium and magnesium, but also one of the world's large deposits of salt lake. It's南霍布, North Hob's, solidarity, collaboration, dabsan small other Le, Le Dabie, Dongling, such as Shibuya Nie nine surface water of the lake and Chaerhan, two other Le Beach composed of a dry salt lake, 168 kilometers from east to west, north-south width of 20-40 km, the total area of 5856 square kilometers, a very vast area. Chaerhan is Mongolian transliteration, which means salt in the world, and a variety of salt lake resources in the region's total reserves of more than 600 million tons. Potassium chloride in which the total proven reserves of 500 million tons, of which reserves of potassium chloride form 145 million tons, accounting for the whole country 97% of proved reserves; reserves of 1.65 billion tons of magnesium chloride, lithium chloride reserves of 8,246,000 tons. Reserves of 42.62 billion tons of sodium chloride for human consumption around the world in 2000. In addition to these major minerals, the Chaerhan Salt Lake also contains boron, bromine, iodine, rubidium and other elements. Chaerhan Salt Lake Salt Lake potash fertilizer resources in the area has a 1,382 square kilometers, according to an annual output of 1,500,000 tons of the scale of mining, exploitation of 100 years to ensure that the company reserves sufficient resources.
Salt Lake potash fertilizer with additional funding the construction of one million tons of potash fertilizer project has been put into operation in May 2004, the expansion of production capacity to 150 million tons in 2006 is expected to reach 1.7 million tons, and eventually reach 180-200 million tons of balanced production and become the nation's largest potash fertilizer production base. Changjiang Securities Research believes that one million tons as a result of the progressive project and its production processes and materials, energy and labor consumption of the great advantages, the company is expected in 2005 will be the weighted cost of production in 2004 declined 20%, performance also gradually up.
It is noteworthy that, in the last year through 30,000 tons of magnesium metal, 500 tons of lithium chloride in the test, whether in the smooth conduct of examination and complete, there is no official disclosure. However, once successfully developed into the depth of field, the performance is expected to occur again explosive growth.
Salt Lake Resources - to seize the monopoly means that
China's development and utilization of salt lake resources in the very early history. BC, Shanxi Yuncheng Salt Lake there is a record of solar salt. "Geographical History of the Han Dynasty" in the development of Inner Mongolia Jilantai Yanchi records inspiron 710m battery, f5136 battery. But it was not until after the liberation, the development of Salt Lake remained mainly in the degree of sodium, salt and Trona is the main product.
With technological advances, potassium, lithium, boron, magnesium and other resources now have a crucial progress in accelerating the pace of industrialization. At this time, who will have the resources to seize the opportunities, resources, means that a very strong monopoly. On the one hand, it is Salt Lake's monopoly ownership of mining rights. Ownership of mining rights is based on several decades in terms of decades, technology updates, share resources, the market will be able to pre-empt the development step, the benefits are immeasurable. On the other hand, the monopoly of resources, Salt Lake has some of the domestic reserves of scarce resources, the exploitation of the characteristics of difficult. In this sense, Salt Lake is a natural treasure-house of sleeping, waiting for the call of the capital.
