China Mineral Resources Tanco Mine proven Lithium Carbonate equivalent is about 280000 tons. Guotai Junan continues to be bullish on Lithium Carbonate prices.

[Huayou Cobalt Industry: Guangxi Bamo 50, 000 tons of cathode materials and 100000 tons of precursor materials project] recently, Guangxi Bamo Technology Co., Ltd. held the opening ceremony of the integration project of 50, 000 tons of high-nickel power battery ternary cathode materials and 100000 tons of ternary precursor materials. The project is expected to have a total investment of 6.308 billion yuan and a construction period of 2 years.

[several lithium industry chain manufacturers add code layout battery recycling business] Ningde Times announced that the Bang Pu integrated new energy industry project was officially launched on December 4 to recycle decommissioned batteries in order to reduce costs. Recently, Huayou Cobalt, Zhongwei shares and other lithium industry chain manufacturers also expressed the layout of power battery recycling business. The agency estimates that the power battery recycling market is expected to exceed 200 billion yuan from 2020 to 2030. Among them, the recovery space of ternary battery is about 130.5 billion yuan, and that of lithium iron phosphate battery is about 68 billion yuan.

[intermediate ore resources: the proved ore reserves of the Tanco mine are theoretically equivalent to about 280000 tons of lithium carbonate equivalent] according to the interactive platform, the untapped lithium ore reserves of the Tanco mine are: 2.08345 million tons of ore with an average Li2O grade of 3.146%, and 65536.27 tons of Li2O metal. In addition, Li2O has an average ore grade of 1.852% of 2.51935 million tons and Li2O metal of 46663.23 tons. The above proved ore reserves are theoretically equivalent to about 280000 tons of lithium carbonate.

[Yunnan Province is compiling guidelines to support the development of new energy battery industry] since the beginning of this year, Yunnan Province has accelerated the development of new energy battery industry by focusing on the construction of key projects. At present, Yunnan Province is compiling the guidance on supporting the Development of New Energy Battery Industry and the Action Plan for the Development of Yunnan New Energy Battery Industry chain, which will revolve around the whole industry chain of "Resource-material-Battery-Battery-Application-Recycling". We will speed up the promotion of new energy battery complementary chain, extended chain and strong chain, and create hundreds of billions of new energy battery industry.

[Citic Securities: the next tuyere of the new lithium salt LiFSI lithium power mid-stream material] CITIC Securities Research report pointed out that LiFSI, as an electrolyte solute lithium salt, has the advantages of high conductivity, high chemical stability and high thermal stability, and is more in line with the development direction of lithium battery with high performance, wide temperature and high safety in the future, and is most likely to partially replace the next generation lithium battery lithium salt of LiPF6. After nearly 10 years of process exploration, the process route selection of LiFSI by the world's leading suppliers has gradually come to an end. We expect that LiFSI will gradually enter the stage of industrial introduction and demand explosion in the next 5 years. In 2025, the global LiFSI demand is expected to reach 129100 tons, the market space can reach 300-40 billion yuan, and the development prospect is broad.

Guotai Junan Securities: lithium carbonate prices continue to be bullish in the future. Cobalt plate prices are expected to pick up at the end of the year. Guotai Junan Securities released a non-ferrous metals research report, pointing out that lithium prices continued to rise last week, especially lithium carbonate. In the previous week, most of the industrial carbon transactions could be at 1.9 million yuan / ton, while last week's industrial carbon price was as low as 203000 yuan / ton. Considering that large electric carbon production plants are overhauling in December and January, market sentiment continues to be bullish on the rising price of lithium carbonate in the future. At present, the optimal target of configuration is the leading enterprises with resource guarantee and deterministic production (Tianqi Lithium Industry, Ganfeng Lithium Industry, Yongxing Materials, etc.). Cobalt plate is expected to pick up prices by the end of the year, the epidemic in South Africa repeatedly has a greater impact on logistics and transportation, and the shortage of cobalt supply will continue for some time to come. Taking into account the strong demand in Europe and the United States, cobalt stocks will continue to be consumed, and the upward trend of cobalt prices is determined. The cobalt company extends to the electric new downstream manufacturing industry, which forms the integrated cost advantage of cobalt-nickel-precursor-ternary and strengthens the competition barrier.