China's new energy vehicle market demand has grown rapidly, leading to stronger demand for ternary and iron-lithium materials. The global supply of nickel and cobalt raw materials is tightening, and the increase in downstream demand will support the rise of lithium prices in 2021.
On the other hand, the rising battery installed capacity supports the rebound in lithium carbonate prices. Prices of lithium carbonate have bottomed out in the fourth quarter of 2020, and upward trend is likely to follow in the first quarter of 2021.
On the raw materials front, South Africa has tightened its COVID-19 prevention measures imposing Level III lockdowns as the pandemic has worsened, triggering concerns about supply of cobalt raw materials. China’s cobalt raw materials imports in December 2020 and January 2021 are likely to decline to 7,900 mt and 6,400 mt respectively, due to the Christmas and New Year holidays, decreased port capacity, and rising logistics prices. As the global supply of cobalt raw materials is tight, this is likely to further lift prices of cobalt series products.
In this webinar session our cobalt-lithium analyst will review on the China new energy and upstream raw material industry, as well as the market outlook for 2021.
Book your slots now!
Event Info
Date: January 21, 2021 (Thursday)
Time: 4:00 PM CST
Registration: https://attendee.gotowebinar.com/register/6099475196659807499
Speaker
Miranda Mei
Analyst, Cobalt-Lithium & New Energy Department
Shanghai Metals Market
Miranda has graduated from Purdue University in 2018, and is an analyst in the Battery Material Research Team, under SMM’s Cobalt-Lithium & New Energy Department. She follows up the long-term market transaction dynamics of the entire industry chain of cobalt-lithium new energy, studies the relationship between supply and demand in the spot market, maintains daily communication with upstream and downstream corporate customers in the industry chain, and also tracks market transaction prices on a daily basis, and judges future price trends.
![[Transmisión en vivo] Perspectivas macroeconómicas y de infraestructura, análisis del mercado del cobre y el aluminio, reducción de costos mediante operaciones con opciones integradas, potencia de cómputo de IA, perspectivas de la lámina de cobre y la fibra óptica](https://imgqn.smm.cn/usercenter/ZroQZ20251217171712.jpg)
![[SMM Análisis] El sentimiento del mercado se recupera marginalmente, la reducción de existencias de carbonato de litio se acelera](https://imgqn.smm.cn/usercenter/WyqWW20251217171729.jpg)
![[Análisis de SMM] Las sales de cobalto frenan su caída ante el repunte del metal, pero se avecinan más de dos meses de inventario: ¿podrá mantenerse el sentimiento?](https://imgqn.smm.cn/usercenter/yfoxV20251217171727.jpg)
