Rebirth: The Financial Giant

With the continuous advancement of the investment and research conference, the participating analysts expressed their opinions one after another. Lu Ming, who has not spoken much, finally came to a conclusion and said in a set tone: The core of the company's investment in lithium mine resources is the extraction of lithium from salt lakes. Generally speaking, we are optimistic that lithium extraction from salt lakes will become the trend of future lithium mine development in the world, and Tiansheng Capital is betting heavily on this.”

The logic is actually quite simple, because the reserves and resources of salt lake type lithium mines are absolutely dominant among various types of lithium mines. Salt lake brine type lithium mines account for about 78% of the total global lithium mine reserves. In terms of mining reserves, it also accounts for more than 90%, and it is the most important type of lithium deposit in the world.

Moreover, the cost of lithium extraction from salt lakes is also obvious compared to the cost of ore extraction.

According to statistics, among the lithium ore producers in the world, the production cost of primary pure lithium carbonate by SQM, the largest lithium ore producer in Zhili, is about 10,000 to 15,000 yuan/ton, and the production cost of domestic salt lake lithium carbonate is 15,000 to 20,000 yuan. Yuan / ton.

Although the lithium extraction process from spodumene is mature, it has high energy consumption, heavy pollution and high cost. Even the lithium carbonate production cost of Talison, the largest mining enterprise under Tianqi Lithium Industry, is around 23,000 to 25,000 yuan per ton. , Because when lepidolite is mined, many rare metal elements such as tantalum, niobium, rubidium, and cesium are associated with it. If it cannot be comprehensively utilized, the production cost per ton of lithium carbonate will be at least 30,000 yuan.

Relatively speaking, the cost advantage of lithium extraction from salt lakes is very obvious.

Lu Ming, who was sitting in the chief executive, added: But we also have to invest in spodumene to extract lithium. Anyway, after a sentence is finished, there is lithium all over the world. As long as there is lithium, it is good, and lithium is good. Lithium in lithium mines is good. .

The attendees couldn't help laughing when they heard it. The BOSS has already set the tone, so let's do it.

The black swan event that appeared two years later swept the world, and also prompted the old and the United States to print money frantically at full speed, and the unlimited QE was fiercely pressed. It was a mad printing of trillions of dollars. The flood of dollars also pushed up global commodity prices. of skyrocketing.

Lithium is a thing that is soaring vigorously. Under such a global background, regardless of whether it is lithium extraction from salt lakes or spodumene extraction, the value of lithium mines can skyrocket. The logic is so simple and rude.

...

In the afternoon, Lu Ming took a look at today's capital market trend. Big A opened low and went high today, and there was a small rebound. He also paid attention to the target of Zhongxing Communications. Soaring 20.98%, an important factor that prompted the stock to soar today is that Tiansheng Capital's southward funds are buying heavily.

Old Li, who was in charge of building a low-sucking position, accidentally sucked too hard. Under the circumstance that the selling pressure was not heavy today, he bought 450 million Hong Kong dollars and directly topped 20 points.

But this is not Li Mingyang's mistake. The task Lu Ming gave him is to buy below 11 Hong Kong dollars and it will be done. The closing price of Hong Kong stocks today is also around 11.3 Hong Kong dollars, which exceeds the target price of opening a position. Naturally, Lao Li stopped buying. , but then did not fall down, but said that the mood was repaired.

Compared with the sharp rise of the Hong Kong stock market today, the A-share side is still blocked by the one-word limit today. This is the fifth consecutive one-word limit. Even if the Hong Kong stock market has skyrocketed so much today, in fact, according to today's Compared with before the flash crash, the closing price of A shares still plummeted by -54%, and the A-shares have not fallen in place because of the limit of ups and downs.

Even if we stepped out of the fifth one-word board today, the cumulative decline was only -41%. If the decline in the Hong Kong stock market is compared, the A-share market will have to fall by at least one more board. With the high valuation of Big A, it will have to fall later. Several boards.

Big A generally rises sharply, and the corresponding sell-off is just as sharp.

Although there is a limit on the range of up and down, as long as it soars, it will be a continuous rise, or it will be a continuous decline.

Buying the bottom of the Hong Kong stock market and building a position is more laborious, because the trading volume is low and it is difficult to go up. Today, the trading volume has risen by as much as 20%, and the trading volume is less than 1 billion Hong Kong dollars. If this is placed in the big A, the trading volume today is steadily running to 50%. It is not a dream to start with a billion dollars, and tens of billions of transactions are not a dream.

Lu Ming estimated that Zhongxing Telecom's A-shares would buy the bottom and build a position. It would take at most 10 trading days to complete, and maybe it would be done in five trading days sooner. Just look at the more than 3.5 billion orders on the limit-down board today. .

In the A-share market, an unpredictable big bad or big good suddenly broke out, either stampeding and fleeing, or running into the market.

Lu Ming just looked at today's disk for a while when Han Qiulin knocked on the door and entered his office, Chairman, the CEO of Tianqi Lithium has written a handwritten letter for you.

Seeing a paper letter in Han Qiulin's hand, Lu Ming was quite surprised, and he took the letter and didn't open it, Looking at this posture, it's so mysterious and low-key, most of it is difficult, and this difficulty is related to money.

Han Qiulin covered her mouth and smiled, and said, Those business bosses are looking for you, either for investment or for money. That's what attracts those bosses the most about you.

Hearing this, Lu Ming glanced at him: Why do you sound like a thorn in what you said? It means that we are covered with a copper stench...

Han Qiulin suddenly answered: Women don't have thorns, but men have one.

Lu Ming was about to open the envelope and take a look. He was stunned for a moment when he heard this. He turned to look at the other party and said lightly, Anyway, mine is a cannon!

After speaking, Lu Ming looked back at the envelope and opened it. After a while, he couldn't help laughing, and said, As expected, here, take a look.

Han Qiulin took a brief overview of the envelope, and when she saw the contents of the letter, she was slightly surprised and said, Mr. Jiang is a Leo, right? This amount can buy half of his Apocalypse Lithium Industry, and he dares to open an exit. ?

The contents of the envelope are that Tianqi's boss wants to pledge 27 billion from Lu Ming. At present, Tianqi Lithium Industry has a total market value of 56.6 billion according to today's closing price, and Tiansheng Capital currently holds 20.35% of the company's equity, which is its first The second largest shareholder.

Lend him! Lu Ming said suddenly.

Borrow...?? Han Qiulin thought she heard it wrong, looked at Lu Ming blankly and said, Do you really want to do this?

One really dares to borrow, the other really dares to give...

Lu Ming got up from his desk, walked slowly to the sofa and sat down, crossed his legs and smiled: Boss Jiang went to Zhili to buy a lithium mine, so he can be his pledgee, borrow it, of course you can borrow it.

Tianqi's boss has made it clear in the letter to Lu Ming that even the pledge has to be operated, and it cannot be the identity of Tiansheng Capital, because Boss Jiang intends to go to Zhili to buy a mine.

Lu Ming also agreed.

In fact, the best way is to give Tiansheng Capital a fixed increase, but the problem is that Lu Ming has a very poor relationship with North America. Boss Jiang is afraid that it will be affected. Tiansheng Capital already holds more than 20% of the equity. I'm worried, if it is a fixed increase, it will be the largest shareholder and the rhythm of absolute control.

Therefore, even if it is actually pledged to Tiansheng Capital, it has to be covered to avoid unnecessary trouble.

Tianqi Lithium made the money to acquire a 24% stake in SQM, the largest lithium producer in Zhili.

Han Qiulin said with a slight frown: The acquisition of 24% of SQM's shares is worth about 4.3 billion US dollars, equivalent to about 27.3 billion yuan, and the total revenue of Tianqi Lithium Industry in the eight years since its listing is only about 14.1 billion yuan. The funds required for this acquisition are too far apart, and will the risks in it be a little…”

Lu Ming disagreed: What you said is actually correct, but that's not the point. The point is that as long as he can buy mines, it won't be a problem. Just do as I said. You can arrange personnel to handle this matter.

In fact, the news of Tianqi Lithium's acquisition of part of SQM's shares has been reported as early as May this year, and many domestic media have also quoted news reports from Reuters.

At that time, Lu Ming was quite curious when he saw the news. If Tianqi Lithium could successfully acquire it, how would he prepare funds to fill the funding gap for the acquisition. He never thought that Boss Jiang would actually catch a brother to start.

It is worth mentioning that Talison, the world's largest spodumene lithium extraction producer, also belongs to Apocalypse Lithium Industry. Although Lu Ming is optimistic about lithium extraction from salt lakes, whether it is salt lake lithium extraction or spodumene extraction, mines are the key. .

Now, Tianqi Lithium intends to acquire a 24% stake in SQM, which is engaged in the extraction of lithium from salt lakes, and the production cost of SQM's lithium salt is also the lowest among global lithium ore producers, and the production cost of primary pure lithium carbonate About RMB 10,000 per ton, the production cost of lithium carbonate in other salt lakes abroad is about 50% higher, and the cost in China is about twice as high.

Seeing that he had already made up his mind, Han Qiulin didn't say much, nodded and replied, Okay, then I'll make arrangements as you wish, and then report back to you for approval.

...