Qianhai securities of East Asia strongly recommended the rating of Zangger Mining: the potassium lithium business is growing in parallel and complement each other

East Asia Qianhai securities released a research report on January 28, saying that it gave a highly recommended rating to Zangger mining (000408.sz, latest price: 32.45 yuan). The reasons for the rating mainly include: 1) the company is based on Chaerhan Salt Lake in Qinghai Province, with potassium chloride and lithium carbonate running in parallel; 2) The price of potassium chloride is re entering the upward channel, and the profit cornerstone is constantly consolidated; 3) The volume and price of lithium carbonate rose simultaneously, opening the second growth curve of the company; 4) Actively acquire high-quality lithium salt lake, and the company further strengthens its resource advantages. Risk tips: stricter environmental protection policies, shrinking salt lake resources and abnormal fluctuations in product prices.