SZSE · 002466.SZ
≈ 60 kt LCE/yr attributable
As of 24 Oct 2026Prices are delayed (end of day for Shanghai and Shenzhen). Hong Kong listings show the company's mainland A-share where it has one.
Self-sufficiency (upstream ÷ downstream) 557% · Net seller of lithium units (mines exceed own refining)
Not quantified yet: Suining / Shehong
Stake-weighted landed cost $6,284/t LCE · covers 60 of 60 kt LCE/yr attributable producing capacity · cheaper than about 57% of costed supply · Implied · no reported cost
| Asset | Country | Stage | Ownership | Capacity | Attrib. kt LCE | Landed US$/t LCE | Verified |
|---|---|---|---|---|---|---|---|
| Upstream: mines and brines | |||||||
| Greenbushes | Australia | Producing | 26.01% | FY26 1.41 Mt SC; FY27 guidance 1.55–1.75 Mt | 57 | ≈$6,201 | 24 Oct 2026 |
| Zabuye Salt Lake | China | Ramping | 20% | 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 | 2.4 | ≈$8,265 ⁱ | Pending |
| Downstream: conversion and refineries | |||||||
| Suining / Shehong | China | Producing | 100% | H1 2026 nameplate: Shehong 24 ktpa Li chemicals (14.5 kt Li₂CO₃, 5 kt LiOH, 4.5 kt LiCl) + Anju (Suining) 23 ktpa battery-grade Li₂CO₃ | — | — | 24 Oct 2026 |
| Kwinana (Tianqi/IGO) | Australia | Ramping | 51% | FY26 8.8 kt LiOH; FY27 guidance 9–11 kt (nameplate 24 kt, to confirm) | 11 | — | 24 Oct 2026 |
Headline counts mines and brines only. Refineries are listed with their attributable conversion capacity, which is shown under Downstream above and not added to the headline, so lithium is not counted twice. Cell plants are demand, not supply. Landed cost uses the assumptions set on the cost curve.