Tiger'sLoot| Tianqi Lithium Industry: The phased mismatch in the lithium concentrate pricing mechanism will gradually weaken, which will have a positive impact on the company's subsequent operations

The latest performance exchange record of Tianqi lithium industry is revealed.Tiger'sLootAs of the end of March 2024Tiger'sLootThe company's lithium chemical products production base has a certain stock of lithium concentrate purchased from Tellyson in 2023. Based on the cost carry-over of raw materials out of warehouse and sales of finished products, the moving weighted average method is used to measure. It is expected that with the arrival of chemical grade lithium concentrate newly purchased by the company from Tylison, as well as the stable production operation and sales of the company's lithium chemical production base, the existing lithium concentrate inventory will be gradually digested, and the cost of chemical grade lithium concentrate in each production base will gradually approach the latest purchasing price. The phased mismatch of lithium concentrate pricing mechanism will also be gradually weakened, which will have a relatively positive impact on the follow-up operation of the company.

According to the updated pricing mechanism of Tylison chemical grade lithium concentrate since the beginning of this year and the market price trend of lithium concentrate, we can see that the pricing of Terrison chemical grade lithium concentrate since the first quarter of 2024 is significantly lower than that in the fourth quarter of 2023. At present, we are communicating with Winfield and related parties in a positive direction to discuss and plan the procurement rhythm of lithium concentrate, with a view to gradually diluting and reducing the concentrate delivery cost of the company's lithium chemical product production base by reasonably purchasing chemical grade lithium concentrate after this year's updated pricing mechanism and closer to the market price, so as to have a relatively positive impact on the company's operation.

In addition, the company also said that since the first quarter of this year, the downstream replenishment mood is relatively positive, and the specific sales price of the company's domestic lithium products is still determined according to the business needs and business conditions of different customers.