There is new news about the lithium resource supply of Sichuan Yahua Industrial Group Co.Ltd(002497) (002497, SZ).
On February 16, Sichuan Yahua Industrial Group Co.Ltd(002497) announced that at present, the Australian core company has started mining construction as planned, and it is expected to provide lithium concentrate for the company in the fourth quarter of this year according to the agreement. On the same day, the investment agreement of the wholly-owned subsidiary of Yahua International Co., Ltd. (hereinafter referred to as the "offshore price agreement") was re signed with the subsidiary of Yahua International Co., Ltd., and the relevant terms of the "offshore price agreement" of the wholly-owned subsidiary of Yahua International Co., Ltd. (hereinafter referred to as the "offshore price agreement") were adjusted. In the future, if the Australian core company plans to expand the production of the project and has additional products that can be sold to Yahua international, the two sides will further discuss the sales agreement of additional products.
ore supply to ensure upstream resources
Sichuan Yahua Industrial Group Co.Ltd(002497) announced that on February 16, 2022, the subsidiary Yahua international and lithium developments (grants NT) Pty Ltd, a wholly-owned subsidiary of Australian core company, signed a supplementary agreement to the off purchase agreement, which adjusted the reference price and maximum price of lithium concentrate in the original agreement, And re agreed on the relevant terms of delivering products FOB.
In the future, if the Australian core company plans to expand the production of the project and has additional products that can be sold to Yahua international, the two sides will further discuss the sales agreement of additional products.
At present, the Australian core company has started mining construction as planned, and is expected to provide lithium concentrate for the company in the fourth quarter of this year according to the agreement.
Australian core is a Sichuan Yahua Industrial Group Co.Ltd(002497) joint stock company. In December 2017, the company completed the subscription of 33.4 million shares of core company in two phases and obtained the equity certificate. The number of shares held by the company in core company accounts for about 10.06% of the total existing share capital of core company.
On March 29, 2019, Yahua international and lithium industry development signed the off purchase agreement on lithium concentrate. The two sides agreed that Yahua international would purchase at least 300000 dry tons of lithium oxide concentrate from lithium industry development. After the lithium deposit was put into operation, Yahua international would purchase at least 75000 dry tons of lithium oxide concentrate every year (floating up and down no more than 10%). According to the agreement at that time, before November 30 of each year, Yahua international and lithium industry development will hold meetings and negotiations to determine the price and price period of lithium concentrate.
Sichuan Yahua Industrial Group Co.Ltd(002497) said that the adjustment of the highest price makes some lithium concentrates of the company have great cost advantages. With the continuous output of lithium concentrates of core company, it will open up another stable raw material supply channel for the company. The company will continue to allocate upstream lithium resources and improve the resource guarantee ability of lithium salt capacity expansion in the future.
Recently, Sichuan Yahua Industrial Group Co.Ltd(002497) share price has also stabilized.
the ore supply information
It should be noted that the news that "Australian core company has started mining construction as planned and is expected to provide lithium concentrate for the company as agreed in the agreement in the fourth quarter of this year" did not come on the 16th.
Previously, when receiving institutional research, Sichuan Yahua Industrial Group Co.Ltd(002497) institutional research summary mentioned this matter.
For example, on January 18 this year, Sichuan Yahua Industrial Group Co.Ltd(002497) mentioned when accepting the investigation of CICC nonferrous metals and other institutions that it participated in the core company and signed the lithium concentrate underwriting agreement. At present, the core has started the mine construction. The mining cost of its lithium mine is low and the mining value is high. It is expected that there will be lithium concentrate supply in the fourth quarter of this year.
On December 30 last year, Sichuan Yahua Industrial Group Co.Ltd(002497) also mentioned this matter when accepting Zhongtai Securities Co.Ltd(600918) and other research.
Lithium resource guarantee has always been the concern of the organization during the research Sichuan Yahua Industrial Group Co.Ltd(002497) . Sichuan Yahua Industrial Group Co.Ltd(002497) in response to the questions raised by the organization, the company reserves lithium resources through various channels, and the existing lithium resource supply channels can meet the needs of lithium salt production in 2022.
For example, renew the lithium concentrate underwriting agreement with Galaxy lithium until 2025. Galaxy lithium provides no less than 120000 tons of lithium concentrate according to the production needs of listed companies every year, which will provide long-term, stable and high-quality raw material guarantee for the future production of lithium salt products of the company;
At the same time, it has participated in 5.01% of the equity of Eastern resources Australia, and has signed a strategic cooperation agreement. The company has locked in the lithium target with Eastern resources and will continue to cooperate in the development of lithium resources.
In addition, the company is also continuing to follow up other lithium mines and Salt Lake projects outside China and actively layout upstream lithium resources.
With the emphasis on capital expenditure, the search for some potential lithium resources is also ongoing. Recently, the Qinghai Tibet Plateau scientific investigation and research team of the Institute of Geology and Geophysics of the Chinese Academy of Sciences found a super large lithium mine, which is considered to be "the third largest lithium mine in China".
