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AT A GLANCE: Qinghai Lake Lithium output jumps 62% in H1; 20,000 tpy project 75% complete

A summary of China Qinghai-based lithium producer Qinghai Lake Lithium's output and sales in the first half of 2020, according to its parent company’s announcement on Wednesday July 15.

July 15, 2020
By Generic people page

In brief

  • Qinghai Lake Lithium production rose in the first half of2020 on a yearly basis but sales dipped.
  • Parent company Qinghai Salt Lake said Qinghai Lake Lithium is running operations normally and is operating a10,000-tonne production line for lithium carbonate.
  • Qinghai Lake Lithium’s 20,000-tonnebattery-grade lithium carbonate project is 75% complete. Due to a shortage of construction funds and financing difficulties, the company has conducted product pre-sales and taken other steps to broaden financing channels and ensure the steady progress of the project.
  • The project is expected to be completed by the end of2020 and enter trial production, provided funding issues are resolved.

Key figures for H1 2020
(year-on-year % change)

Lithium carbonate production:
5,801 tonnes (up by 62.2% from 3,577 tonnes)

Lithium carbonate sales:
3,972 tonnes (down by 7.8% from 4,306.5 tonnes)