Lithium Carbonate prices triple jump to a record high this year | the amount of money involved in the global competition for lithium ore resources is more than 40 billion.

The amount of money involved in competing for global lithium resources is more than 40 billion yuan! At present, the extraction of lithium carbonate mainly comes from lithium ore and salt lake lithium resources. With the tight supply of overseas ore prices, salt lake lithium extraction has attracted more and more attention. The global competition for lithium ore resources, including salt lakes, has also become the focus of the industry chain. In the context of rising prices and accelerated demand, companies have laid out lithium salt projects one after another, opening the global "hoarding" model. Experts said that it is a natural phenomenon for enterprises to hoard ore in order to ensure production and supply, but it is necessary to avoid vicious competition, raise prices with each other, and control risks.

[lithium carbonate prices triple jump to an all-time high this year] since the beginning of this year, the new energy vehicle market has ushered in explosive growth, and the price of battery-grade lithium carbonate, the main raw material for power batteries of new energy vehicles, has staged a "triple jump" within a year. The average price has jumped from 53000 yuan per ton at the beginning of the year to 270000 yuan per ton today. In December, from more than 200000 yuan / ton at the beginning of the month to more than 270000 yuan / ton at present, the quotation has been close to 300000 yuan / ton, an increase of more than 30% in the month, and a year-on-year increase of more than 400%. The price has set a new all-time high. The head of a lithium carbonate production workshop said that with the higher-than-expected growth of new projects downstream, the current growth rate of industry supply is far from being able to meet market demand.

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[China Mineral Resources: the company's own mining rights-Canadian TANCO mine spodumene raw ore production scale of 120000 tons / year] China Mineral Resources said on the interactive platform that the company's own mining rights-Canadian TANCO mine spodumene raw ore production scale of 120000 tons / year, theoretically can produce about 4000 tons of battery-grade lithium carbonate. With the feasibility study of the company's 500000-ton open-pit mining plan and the follow-up promotion of related work, the amount of lithium concentrate supplied by the Tanco mine will further increase.

[Guoxuan Hi-Tech Yichun Lithium Carbonate Project start] Yifeng County, Jiangxi Province held a ceremony for the start of major projects in the fourth quarter of 2021 on December 29, and the Yifeng Guoxuan lithium project officially broke ground. It is reported that Yifeng Guoxuan Lithium Industry Co., Ltd. is a wholly owned subsidiary of Yichun Guoxuan Lithium Industry Co., Ltd., which plans to build a lithium carbonate project with an annual output of 50, 000 tons and its supporting mining, dressing and utilization project. it is divided into an annual production of 50, 000 tons of lithium battery-grade lithium carbonate and an annual 7.5 million tons of lithium ore mining and separation project, which is expected to be completed and put into production in the fourth quarter of next year "View details

[Zhongchuang Xinhang's annual output of 100000 tons of lithium cathode material project is located in Meishan] on December 29th, China Chuangchuang Xinhang Technology Co., Ltd. and Sichuan Pengshan Economic Development Zone signed an investment agreement on lithium cathode material project in Meishan, marking the official settlement of the project in Meishan. The signed project with an annual output of 100000 tons of lithium cathode materials plays an important role in further extending Pengshan power battery industry chain and promoting Pengshan new energy and new materials industry to form a chain. "View details

[long-term Lithium: the company currently has a total capacity of 80,000 tons of ternary cathode materials under expansion.] long-term Lithium said on the interactive platform that the company currently has a total capacity of 80,000 tons of ternary cathode materials under expansion. The company adopts the production mode of fixed production by sales, and matches the corresponding production capacity and expansion plan according to the order demand and market development trend, the company's capacity expansion plan is sound and reasonable.

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