Guojin Securities: lithium price is expected to rise in the second stage.

According to the latest news on April 6, the Guojin Securities Research report believes that with the recent rise in lithium concentrate prices, lithium prices are expected to usher in a second phase of rise, that is, the cost boost brought about by rising resource prices. At present, lithium ore prices and lithium salt prices have formed positive feedback, rising lithium salt prices drive lithium ore prices, rising costs continue to push up lithium salt prices, and the rising trend of lithium concentrate prices is expected to be difficult to solve during the year. The rising trend of concentrate prices will be maintained until at least the end of the year, and the profits of the industrial chain are expected to shift upstream.

On the same day, the lithium battery sector opened higher and fluctuated upwards, closing at 2042.13 with an increase of 1.33 per cent. Tianhua ultra-net rose more than 7%, benefiting from the continued rise in the lithium battery sector, with Cologne, China Baoan and Xiongtao blocking the limit.

As of April 6, spodumene concentrates were quoted at $535,575 a tonne, with an average price of $555 a tonne, up $10 a tonne from yesterday and the highest since September 27th, 2019, according to SMM.

"Click to view the historical price of SMM Metals.

While the price of spodumene concentrate is gradually rising, the prices of battery-grade lithium carbonate and lithium hydroxide are also rising. SMM research shows that the price of lithium carbonate has risen slightly recently, the external quotations of large smelters have only increased slightly, there is still replenishment on the demand side of electric carbon, and the price has risen slightly. Recently, the price of lithium hydroxide mainstream manufacturers has been raised to 8-83000 yuan / ton, and the price of fine powder has reached 88000 yuan / ton. The domestic demand side is still replenishing, the upward price of spodumene has led to a rise in the cost of producing lithium hydroxide in some smelters, a gradual increase in the bottom line and a partial shortage of goods, and prices are expected to continue to rise. "View details

In addition, SMM predicts that 3C digital is in the off-season of consumption in the second quarter, and the overall demand for lithium carbonate weakens slightly. However, in terms of imports, Chile's closure will lead to a delay in shipping, affecting 20% of the overall domestic lithium carbonate supply from May to June, and lithium carbonate prices are expected to rise in the second quarter. "View details

As of April 6, battery-grade lithium carbonate was quoted at 88000,92000 yuan / ton, with an average price of 90000 yuan / ton, up 1000 yuan / ton from yesterday.

"Click to view the spot market of SMM metal.