Zangge Mining’s “Three-Pronged Strategy” of Lithium, Potassium, and Copper Unlocks Future Growth in Mineral Resources

This article is sourced from the July 11 report of Daily Economic News. The content does not constitute investment advice, and disclosed information is subject to the company’s official announcements. Investors act at their own risk.

Undoubtedly, 2024 is a landmark year for bulk commodity copper, as the metal surpasses cyclical peaks. The nationalization of lithium mines in Chile also reflects the global emphasis on mineral resources.

In the global resource industry, Zangge Mining, with its unique “three-pronged strategy”, has taken the lead in the comprehensive deployment of copper, lithium, and potassium resources, becoming an industry frontrunner.

Through precise strategic positioning and forward-looking market insight, Zangge Mining advances steadily in traditional mineral resources while showing extraordinary competitiveness in new energy materials.

“Julong” Takes Off – Copper Resources Reach New Heights

In July, Zangge Mining announced remarkable news: its invested company, Tibet Julong Copper Co., Ltd. (“Julong Copper”), achieved leapfrog growth in resource volumes.

Compared with the 2022 filings, an additional 14.726 million tons of copper resources were discovered, bringing Julong Copper’s total proven copper resources to 25.88 million tons, making it a super-large copper mine.

By-products include 1.002 million tons of molybdenum and 8,157 tons of silver, enriching the mine’s resource composition and future development potential.

Lithium Resource Layout – Pioneer in Salt-Lake Lithium Extraction

Amid global energy transition and the surge in the new energy vehicle industry, lithium, as a critical element for new energy, attracts worldwide attention.

Zangge Mining not only holds the mining rights of Chaerhan Salt Lake but also achieves efficient extraction of battery-grade lithium carbonate from ultra-low concentration brine through independently developed technology, providing strong support for lithium resource development.

The company also indirectly holds shares in Mami Cuo Mining via an industrial fund, with an initial lithium carbonate capacity of 50,000 tons/year. Mami Cuo Salt Lake has 2.5011 million tons of lithium chloride reserves, forming a solid foundation for long-term growth.

Potassium Resource Base – Stable Growth in a Non-Cyclical Industry

China’s potassium resources are mainly located in Qaidam Basin, Qinghai, and Lop Nur Salt Lake, Xinjiang. Chaerhan Mine is the largest proven potassium mine in China and the country’s largest potash industrial base.

In 2023, China imported 11.5743 million tons of potassium chloride, a 46% increase, reflecting high domestic reliance on potash fertilizer.

Zangge Mining’s exploration area in Qinghai Salt Lake reached 1,400 km², including multiple exploration rights and detailed investigation rights, providing a solid foundation for long-term development and market competitiveness.

Corporate Vision and Mission

In 2024, Zangge Mining will continue to uphold its vision of becoming an industry benchmark with core competitiveness and its mission of sustainably developing salt lake resources as a green development leader. The company aims to be a high-altitude mineral resources developer based on the Qinghai-Tibet Plateau, focusing on potassium and lithium, ensuring stable production at Chaerhan Salt Lake while seeking additional potassium and lithium resources domestically and internationally.