SMM, Nov. 17: lithium mining stocks were in full bloom this morning, with shares rising by the daily limit of around 10:30, including Mount Qomolangma in Tibet, Yongxing Materials, Tianqi Lithium Industry and Rongjie shares. Sheng Xin Li Neng, Jiuwo Hi-Tech and other stocks rose more than 7%.
On the news, Mount Qomolangma in Tibet announced on November 16 that the company and the government of Salta Province of the Argentine Republic formally signed the Investment Agreement for the industrialized Development of Salt Lake Resources in Salta Province. The signing of the agreement marks the official launch of two salt lake development projects planned by Mount Qomolangma of Tibet in Argentina with a total investment of about 1.7 billion US dollars.
It is reported that according to the agreement, Mount Qomolangma in Tibet and its subsidiary companies will invest about 700 million US dollars in Argentina in 2022 to build an annual production capacity of 50,000 tons of lithium carbonate in the Anheles Salt Lake in Salta province. Construction of the project is scheduled to begin by the end of 2021 and is expected to be completed by the end of 2022. In addition, the company plans to invest no less than US $1 billion to build an annual production capacity of 5 to 100000 tons of lithium carbonate products in Arizaro Salt Lake.
In addition to the construction of the above-mentioned lithium carbonate production line, Mount Qomolangma in Tibet will invest US $15 million to complete geological exploration of Arizaro Salt Lake in Salta Province by 2022 and obtain mining rights and environmental assessment permits ((EIA)). Perhaps it is the positive stimulation of this news that Mount Qomolangma in Tibet directly pulled up the trading limit at the beginning of trading today, and continued to seal the trading limit after a small concussion.
Driven by Mount Qomolangma in Tibet, the share price of Tianqi Lithium Industry, which was revealed on November 11 to be one of the few companies in the world to distribute both high-quality lithium mines and salt lake brine resources, also rose. According to Tianqi Lithium Industry, the company has not only laid out high-quality lithium mines (Terlison, which is controlled by subsidiary TLEA, has the world's largest and highest-grade solid spodumene deposit, Greenbush spodumene mine; Sheng he Lithium Industry, a wholly-owned subsidiary, owns the mining rights of Zola spodumene Mine in Yajiang County, Sichuan Province, and also has a share in lithium extraction from salt lakes, with the company taking part in shares in Xigaze Zabuye and SQM, respectively, realizing the layout of high-quality lithium extraction resources from salt lakes.
It is worth mentioning that, on November 17, CITIC Construction Investment Research News pointed out that with the rapid growth of the demand for power batteries for new energy vehicles, it is estimated that the demand for lithium from 2021 to 2022 is 610000 tons and 800000 tons respectively, and the gap between supply and demand of lithium resources is 43000 tons and 57000 tons respectively. Under the exuberant demand of new energy vehicles, lithium scene demeanor continues.
As we all know, since the fourth quarter of 2020, with the explosive growth of new energy vehicles, domestic lithium-related resources are in short supply, and the prices of lithium concentrate and lithium salt have risen sharply. Take battery-grade lithium carbonate, one of the raw materials for power batteries, as an example. According to the spot quotation of SMM, the average spot price of domestic battery-grade lithium carbonate has reached 196500 yuan / ton since the beginning of the year, up 270.8% from the beginning of the year.
"Click to view the price of SMM new energy products
In the round table session of the new energy special session of the 2021 non-ferrous metals annual meeting held by SMM, referring to the views on the trend of lithium prices in the future, Huang Shanyan, general manager of the industry and research center of Ningbo Rongbaixin Energy Technology Co., Ltd., said that considering the large-scale shutdown of the Australian lithium mine in 2019, it takes a long time to restart, lithium salt prices are expected to remain high in the first half of next year. However, with the restart of lithium mines in Australia and the entering of summer in South America, the speed of lithium drying in salt lakes increases, overseas lithium salts may enter China in the second half of next year to supplement domestic lithium salts, thus easing the rising trend of lithium salts. "View details
In the short term, according to SMM research, lithium carbonate, the current domestic smelter inventory to maintain a significant low, delivery pressure, lithium carbonate follow-up price is expected to have an upward trend. "View details
![[Batería de estado sólido: producción de electrolito de sulfuro 70 t, enero-agosto]](https://imgqn.smm.cn/usercenter/Bwmed20251217171726.jpg)
![[Análisis de SMM] Europa busca la independencia de su cadena de suministro de litio, pero sus proyectos atraen a inversores asiáticos](https://imgqn.smm.cn/usercenter/nVnLo20251217171728.jpg)
