【#Qinghai Minmetals Salt Lake Industry Company Established# #National Team of Salt Lake Industry Formed# with registered capital of 10 billion yuan】

According to US Stock Research Society, Tianyancha App shows that recently, Qinghai Minmetals Salt Lake Industry Co., Ltd. was established, with Wang Xiaorong as the legal representative and a registered capital of 10 billion yuan. Its business scope includes non-coal mine mineral resource exploitation, mineral resource exploration, fertilizer production, etc. Shareholder information indicates that the company is held by China Minmetals Corporation (53%), Qinghai Provincial State-owned Assets Investment Management Co., Ltd. (28.3%), and Qinghai Provincial State-owned Assets Supervision and Administration Commission (18.7%).

As previously reported by China Energy News, China Minmetals and its subsidiaries signed agreements with Qinghai SASAC and others to jointly establish the Salt Lake Industry Company. Through this resource integration, it will accelerate the centralized management and optimized allocation of domestic salt lake resources, and is expected to further enhance China's potassium and lithium resource security capabilities in the future.