Chengxin Lithium Group
Chinese lithium company engaged in lithium mining and the production and sale of basic lithium salts and lithium metal products.
Last updated October 12, 2026
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Overview
Chengxin Lithium Group Co., Ltd. was established on December 29, 2001, with its registered location in Chengdu and registered capital of RMB 915 million. It listed on the Shenzhen Stock Exchange on May 23, 2008 under stock code 002240. Its main business is lithium ore mining and dressing and the production and sale of basic lithium salts and lithium metal products, with main products including lithium concentrate, lithium carbonate, lithium hydroxide, lithium chloride and lithium metal. It has built lithium salt capacity of 137,000 tons and lithium metal capacity of 500 tons in Deyang and Suining in Sichuan and in Indonesia, and holds lithium resources in Sichuan, Zimbabwe and Argentina.
History
The company was established on December 29, 2001, with its registered location in Chengdu and registered capital of RMB 915 million. It listed on the Shenzhen Stock Exchange on May 23, 2008 under stock code 002240. According to the company's development history, its predecessor Meizhou Weihua Medium Density Fiberboard Company was founded in 1997; in 2016 it extended into lithium salt and rare earth new energy materials through increased capital and controlling stakes in Zhiyuan Lithium and Wanhong High-tech; in 2017 its controlling shareholder changed to Shengtun Group; in 2018 the first 13,000-ton lithium salt production line of Zhiyuan Lithium was put into operation; in 2019 it completed the acquisition of the Aoyinuo lithium mine; in 2020 the company was renamed Chengxin Lithium and divested its artificial board business, while the first 150-ton lithium metal capacity was built and the Zhiyuan Lithium 42,000-ton lithium salt production line was completed; in 2021 it divested its rare earth business, built a new 60,000-ton lithium salt project in Indonesia, acquired the Sabi Star mine in Zimbabwe, obtained operating rights to the SDLA salt lake project, invested in the Sichuan Murong lithium mine, and invested in a new energy industry fund; in 2022 it introduced BYD as a strategic investor making it the second-largest shareholder, completed the Suining Chengxin 30,000-ton lithium salt production line, invested in the Argentine Pocitos salt lake project; in 2023 the Zimbabwe Sabi Star mine was put into production; and from 2024 to the present the Indonesia Chengto 60,000-ton lithium salt line was completed, the Sichuan Murong lithium mine obtained a mining license and began full construction, and a new 2,500-ton lithium metal project was started.
- 2024
The 60,000-tonne lithium salt line of Cheng Tok Lithium Indonesia is completed; the Murong lithium mine in Sichuan obtains its mining licence and full-scale construction begins; a new 2,500-tonne metal lithium project is launched.
- 2023
The Sabi Star mine in Zimbabwe begins production.
- 2022
BYD becomes the second-largest shareholder as a strategic investor; the Suining Chengxin 30,000-tonne lithium salt line is completed; the company invests in the Pocitos salt lake project in Argentina.
- 2021
The company divests its rare earth business, begins construction of a 60,000-tonne lithium salt project in Indonesia, acquires the Sabi Star lithium mine in Zimbabwe, obtains operating rights to the SDLA salt lake project in Argentina, and invests in the Murong lithium mine in Sichuan and a new energy industry fund.
- 2020
The company is renamed Chengxin Lithium Group, divests its wood-based panel business, commissions its first 150-tonne metal lithium capacity, and completes the 42,000-tonne lithium salt line of Zhiyuan Lithium.
- 2019
The company completes the acquisition of the Aoyinuo lithium mine.
- 2018
The first 13,000-tonne lithium salt production line of Zhiyuan Lithium is commissioned.
- 2017
Chengtun Group becomes the controlling shareholder.
- 2016
Through capital increases, the company takes controlling stakes in Zhiyuan Lithium and Wanhong High-tech, extending its business into lithium salts, rare earths and new energy materials.
- 2008
The company lists on the Shenzhen Stock Exchange under stock code 002240 on May 23.
Products and positioning
Industrial-grade lithium carbonate
Widely used in lithium smelting, special glass, ceramics, glaze and electronics, and can be converted into protective slag, lithium fluoride, lithium bromide, monohydrate lithium hydroxide and other lithium compounds. Quality standard: GB/T 11075-2013.
Monohydrate lithium hydroxide
Usually used as an important additive for lithium-based grease, alkaline batteries, corrosion-resistant octyl dyes and other products, and can also serve as a carbon dioxide adsorbent. Quality standard: GB/T 8766-2013.
Battery-grade lithium carbonate
Mainly used to synthesize lithium cobalt oxide, lithium manganese oxide, ternary materials and lithium iron phosphate and other lithium-ion cathode materials; also used in ceramics, pharmaceuticals, catalysts and lithium-ion power battery cathode materials.
Controversies
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