SMM January 4: Jiuwu Hi-Tech announced that the company received a contract notice from Jinhai Lithium Industry (Qinghai) Co., Ltd. 1000 tons / year Lithium Chloride pilot EPC Purchasing Project. According to the contents of the notice, Jinhai Lithium Industry intends to hand over the project to Jiuwo Hi-Tech Manufacturing for completion, and Jiuwo Hi-Tech intends to send an authorized representative to negotiate the signing of the contract with Jinhai Lithium Industry within 10 days of receiving the notice.
It is reported that Jinhai Lithium Industry (Qinghai) Company's 1000 tons / year lithium chloride pilot EPC procurement project is located in Qinghai Dachaidan Industrial Park, and it is required to complete all construction drawings by March 1, 2022, and have the conditions for feeding on April 16.
Jiuwo Hi-Tech Bulletin shows that lithium chloride is mainly used in the production of metal lithium, and metal lithium as an important material for the next generation of lithium batteries, its key is self-evident. If the lithium chloride pilot project contract is successfully signed and completed, it will be beneficial to verify and optimize the feasibility of the company's "adsorption + membrane process" for extracting lithium chloride from raw brine, and further improve the company's R & D and application level and business undertaking capacity in the field of lithium extraction from salt lakes, which will have a positive impact on the company's operation and development.
According to the historical price of SMM, as of December 31, the average spot price of lithium metal has risen to 1.335 million yuan / ton, up 850000 yuan / ton or 175.26% from the beginning of 2021.
"Click to view the historical price of SMM Metals.
China International Capital Corporation believes that even though more new projects will be put into production from 2022 to 2023, the overall supply and demand of lithium is still tight, because lithium resource projects generally need a capacity climbing cycle of half a year to two years according to different resource types and process paths. the effective supply contributed by new production projects is relatively limited. Taking into account the complexity of the development of lithium resources, the long-term progress of new supply is also easy to be lower than the current market expectations, so the duration of supply and demand shortage may still exceed current market expectations.
On the same day, Lanxiao Technology also announced that it had recently received a contract notice from Jinhai Lithium Industry (Qinghai) Co., Ltd. on the procurement project of 10000 tons of lithium carbonate in Jinhai Lithium Industry (Qinghai). Lanxiao Technology also needs to negotiate contract-related matters with Jinhai Lithium Industry within 10 days of receiving the notice.
According to the announcement, the 10000-ton lithium carbonate EPC procurement project, together with the above lithium chloride project, is located in Qinghai Dachaidan Industrial Park, with a contract price tentatively set at 456 million yuan. The construction and installation of the project is expected to be completed on August 31, 2022, and the trial production of the whole system will be completed on September 30. On October 30, 2022, the project will be up to the standard and put into production.
Lanxiao Technology said that the implementation of the project will help to further consolidate the company's salt lake lithium extraction business market position, and have a positive impact on the company's own resources and new energy business sector development.
According to the spot price of SMM, the average spot price of lithium carbonate has continued to rise since December 27. as of December 31, the average spot price of domestic battery-grade lithium carbonate was 275000 yuan per ton, up 222000 yuan per ton from the beginning of the year, or 418.87 percent.
"Click to view the spot market of SMM new energy products.
Looking back at the lithium salt market in 2021, the prices of metal lithium, lithium salts and lithium compounds have risen since the new energy vehicle market picked up in the fourth quarter of 2020. As the main components of the raw materials of power batteries, the prices of lithium carbonate and lithium hydroxide began to rise rapidly in the third quarter of this year.
According to SMM estimates, in 2021, the gap between supply and demand of lithium carbonate is about 36000 tons of lithium carbonate equivalent, which is equivalent to 11% of the gap. Structural shortages have caused some market behavior to push up the price of lithium carbonate. "View details
Entering 2022, SMM believes that the Qinghai region may open supply, but the quotation may remain high, and the trading volume is expected to increase at the beginning of January, and the price of lithium carbonate may rise significantly. "View details
As soon as the news came out, Lanxiao's share price rose by its daily limit at one point in the morning, but then fluctuated downwards. as of press time, Lanxiao's share price rose at about 5.6%.
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