Zangge Mining Co. Ltd. (Zangge Mining)

Description:

The description included in this profile was taken directly from an official source and has not been modified or edited by the BNamericas’ researchers. However, it may have been automatically translated.

Zangge Mining Co., Ltd. (“Zangge”), a lithium and potassium producer listed on the Shenzhen Stock Exchange with a market capitalization of about $8 billion USD, is headquartered in Golmud of Qinghai Province of China. Currently, Zangge has the mining rights of 724 km2 in Qarhan Brine Lake. It has been developing and utilizing the brine lake for 20 years and has become the biggest private potash producer in China with an annual production output of two million tons of potassium chloride.

Zangge entered the lithium industry in 2017, using its proprietary, advanced and proven adsorption technology to extract lithium from brine. In 2020, Zangge completed construction of its lithium processing facility in Golmud, Qinghai, China and is producing 10,000 tons of lithium carbonate annually. The current Zangge’s production line has been in continuous operating for 3 years without the need to change and/or add reagents at all and with almost zero pollutants leakage to the atmosphere and ground. The Company is one of only three companies in the world with industrialized adsorption lithium extraction technology.