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Cesium salt is widely used and plays an important role in medical treatment, petrochemical industry and other fields. it is a necessary material for the development of high-tech industry, and metal cesium is claimed to be more expensive than gold, and only Chinese enterprises in the worldMedium ore resourcesThe company has the relevant production capacity and uses it in the oil and gas industry.

According to Sina Technology 9Month 9China Mineral Resources recently announced that it will work with Canadian mining company Power Metals (Power Metals Corp)., referred to as "PWM"Sign a strategic cooperation intention agreement for further exploration and development of PWMMining rights in Canada.

According to the agreement, China Mineral Resources will provide funds to PWM, which will be used to promote further exploration of PWM's three mining sites in Case Lake, Paterson Lake and Gullwing-TotLakes, Canada.It is reported that PWM has the world's major high-quality cesium resources, is the world's largest manufacturer and supplier of cesium rubidium products. In terms of mining, the company has more than 20 years of rich geological exploration experience and technology, and is committed to the development of global lithium and cesium resources.

The cooperation between China and Canada also means that CIMC will receive good quality cesium resources, thus boosting the development of its overseas business.According to China Finance Online Co Ltd's website, the company completed its acquisition of the United States in 2019CabotThe related business of the special fluid division of the company (Cabot) has further mastered the initiative and pricing power of cesium salt from raw materials to the final commodity, and has become the leader of cesium salt in the world.

In addition, China Mineral Resources is also an important supplier of lithium fluoride, with a domestic market share of about 30%, providing key raw materials for the manufacture of new energy vehicles. In 2018, China Mineral Resources acquired Jiangxi Dongpeng New Materials Company for 1.8 billion yuan.TeslaMorita Chemical, an upstream supplier, has formed good cooperation to participate in Tesla, Inc. 's supply chain.

Generally speaking, under the background of the increasing proportion of domestic lithium salt supply and reaching an important mineral agreement with PWM, China Mineral Resources is ushering in new opportunities for development.

Wen | Lin Miaoqiong title | Xu Xiaobing Tu | Rao Jianning Chun | Xu Xiaobing