CHINA WILL BE VERY MUCH SHORT IN LITHIUM, page-65

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dazaliam

6,936 Posts.

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27/05/25

16:52

Post #: 79208415
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Originally posted by sabine ↑

Thanks dazaliam, it’s refreshing to get it straight from source rather than having someone say they know all about it and then down ramp it.
But it IS the same mine anatoly was talking about isn’t it?
He just hasn't followed developments?
s ..

Anyway I asked ChatGPT to tell me more, including most recent information and about the expected economics
It said it’s going to be important:

Annual Output Value:
¥2.3 billion → ~USD 322 million

Net Profit:
¥1.1 billion → ~USD 154 million

Annual Tax Revenue:
¥900 million → ~USD 126 million

Cheers

CHATGPT SUMMARY:

As of late May 2025, the Weilasituo (also known as Velasto) lithium-polymetallic mine in Hexigten Banner, Chifeng City, Inner Mongolia, has achieved significant milestones and is progressing rapidly.

️ Project Status & Timeline

Mining License Granted: On April 21, 2025, the Ministry of Natural Resources officially approved the mining license for the Weilasituo Li-Sn polymetallic mine, marking a pivotal step in its development.

Integrated Lithium Project Initiation: Construction of an integrated lithium project at the Weilasituo site is underway, with operations expected to commence by the end of 2025.

Resource Estimates

Proven Reserves: The mine boasts approximately 55.27 million tonnes of ore, containing 576,000 tonnes of lithium oxide (Li₂O) and 122,000 tonnes of tin.

Expanded Estimates: Recent exploration has identified a total ore volume of about 280 million tonnes, with a lithium oxide metal content of 1.9 million tonnes and an average grade of 0.65%.

Production & Economic Impact

Mining Capacity: The upstream project is designed to process 8,000 tonnes of lithium ore daily.

Annual Output: Upon reaching full production, the integrated project aims to produce:

50,000 tonnes of spodumene concentrate (lithium carbonate equivalent)

520,000 tonnes of lithium iron phosphate cathode materials

1.76 tonnes of anode materials

30,000 tonnes of electrolytes

1.5 billion square meters of separators

29 GWh of batteries

Economic Projections: The project is expected to generate an annual output value exceeding CNY 2.3 billion, with net profits of CNY 1.1 billion and tax revenues of CNY 900 million.

Strategic Significance

The development of the Weilasituo mine is a cornerstone in Inner Mongolia’s strategy to establish a comprehensive lithium industry chain. By 2025, the region aims to achieve:

A lithium concentrate production capacity of 50,000 tonnes per year

An output value of the lithium industry chain reaching CNY 70 billion

This initiative positions Inner Mongolia as a critical hub in China’s efforts to secure and expand its new energy resources.

Expand

Yes but every metric has changed and he's using outdated info to downramp. It has the potential to be greater than KV.
LTR Price at posting: 64.0¢ Sentiment: Sell Disclosure: Not Held
4 Upvote

1 Great analysis

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CHINA WILL BE VERY MUCH SHORT IN LITHIUM, page-65

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