Keda Manufacturing and Lanco Lithium Industry to cooperate in developing lithium carbonate business

In 2017, Kodak Manufacturing made a strategic investment in Lanco Lithium, holding a 48.58% stake. Lanco Lithium is a company specializing in lithium extraction from salt lakes. It has a lithium carbonate production capacity of 40,000 tons/year and occupies an important position in China's salt lake lithium extraction industry. Lanco Lithium contributes most of Kodak Manufacturing's net profit, accounting for 73.9% of the total profit in 2022 and more than 50% in 2023, reaching 55.3%. In 2023, Lanco Lithium's lithium carbonate sales volume was 38,200 tons, with an average price of 165,800 yuan/ton, but the price is likely to fall further in 2024.