Mine / resource · China

Zabuye Salt Lake

RampingNot yet verifiedAs of 25 Oct 2026

Owner: Tibet Mineral Development 50.72% (via Xizang Shigatse Zabuye Lithium High-Tech Co., 西藏日喀则扎布耶锂业高科技有限公司, which holds the exclusive mining licence); Tianqi Lithium 20%; remaining 29.28% other shareholder
Listed via: 002466.SZ 000762.SZ
Product: Li2CO3
Deposit type: Brine
Capacity: Phase II 12 ktpa battery-grade Li2CO3 design capacity (membrane/nanofiltration + MVR), formally in production 30 Sep 2025 and still ramping (H1 2026 output 2,263.70 t Li2CO3); Phase I solar-pond lithi
≈ 12 kt LCE/yr (nameplate)
Location: 31.35°, 83.96°

Zhongba County, Shigatse, Xizang (Tibet). Mining licence C5400002011055240111727 valid 6 May 2022 to 5 May 2038 (cninfo 临2023-016); mining area 298.5 km2 (H1 2026 report p.10). Phase II passed its 120-hour functional test 20-24 Sep 2025 (cninfo 临2025-004). Location = centre of the plant and pond com

Ownership structure

Effective economic interest of listed owners · As of 25 Oct 2026

Attributable capacity

Listed owner	Stake	kt LCE/yr
Tibet Mineral Development 000762.SZ	50.72%	≈6.1
Tianqi Lithium 002466.SZ	20%	≈2.4

Structure: Tibet Mineral Development 50.72% (via Xizang Shigatse Zabuye Lithium High-Tech Co., 西藏日喀则扎布耶锂业高科技有限公司, which holds the exclusive mining licence); Tianqi Lithium 20%; remaining 29.28% other shareholder. 29.28% is held by unlisted or untracked owners.

Value chain

Owners, buyers and the refineries on Li3atlas they feed · As of 25 Oct 2026

Listed ownersTianqi Lithium002466.SZ · 20%Tibet Mineral Development000762.SZ · 50.72%

Mine / resourceZabuye Salt LakePhase II 12 ktpa battery-grade Li2CO3 design capacity (membrane/nanofiltration + MVR), formally in production 30 Sep 2025 and still ramping (H1 2026 output 2,263.70 t Li2CO3); Phase I solar-pond lithi

Unit cost

As of 25 Oct 2026

Basis: Cost of sales 124.3 CNY m ÷ sales 2.10622 kt Li2CO3 (碳酸锂 (lithium carbonate, product line), H1 2026). Rule 1 holds: the report says lithium concentrate, lithium carbonate and KCl are all produced by Xizang Shigatse Zabuye Lithium (p.9), so the volume is Zabuye only. Rule 2 holds: own brine to carbonat
Period: H1 2026

Cost bridge to US$/t LCE

Implied · no reported cost No unit cost is published for this operation. Li3atlas computes one from the filing: segment cost of sales ÷ sales volume. That is a fully loaded accounting cost (includes depreciation, royalties and any bought-in feed), so it is not like-for-like with reported cash costs. Filing used for the inputs

implied: CNY 59,038/t Li2CO3
In US$ (fixed FX): × 0.14 = $8,265/t Li2CO3
Landed cost: $8,265/t LCE

Cost-curve quartile Q4 of 14 operations with a cost

Integrated chemical producer: the reported cost already covers conversion. The conversion, freight and royalty settings are shared with the cost curve on the map page (Economics).

Position on the cost curve

Landed US$/t LCE, same assumptions as the cost curve · As of 25 Oct 2026

$8,265/t LCE · cheaper than about 20% of costed supply

Grey: every producing mine with a cost (width = capacity). Highlighted: this asset. Lighter dashed bars are implied costs (no reported unit cost).

Country risk · China

Policy risk: Medium As of 24 Oct 2026

Change history

Approved changes with their source · As of 25 Oct 2026

Date	Field	Change	Source
25 Oct 2026	implied_cost	new: IMPLIED CNY 59,038/t Li2CO3 = cost of sales 124.3 m ÷ 2.106 kt Li2CO3 · 碳酸锂 (lithium carbonate, product line) · H1 2026 · Rule 1 holds: the report says lithium concentrate, lithium carbonate and KCl are all produced by Xizang Shigatse Zabuye Lithium (p.9), so the volume is Zabuye only. Rule 2 holds: own brine to carbonat	西藏矿业发展股份有限公司 2026年半年度报告 (Tibet Mineral Development 2026 Interim Report), cninfo, 11 Aug 2026
24 Oct 2026	Notes	new: Added to Li3atlas: Zabuye Salt Lake	西藏矿业发展股份有限公司 2026年半年度报告 (Tibet Mineral Development 2026 Interim Report), cninfo, 11 Aug 2026

Report an error