Zijin Mining: The decline in lithium carbonate prices will not affect project profitability

Zijin Mining said that despite the current low lithium carbonate prices, the company's "Two Lakes and One Mine" project can still achieve profitability at a price of 100,000-120,000 yuan/ton. Zijin Mining pointed out at the 2023 annual performance briefing that the company was very cautious when entering the lithium industry, using the price of lithium carbonate of around 100,000 yuan/ton as the basis for investment decisions.