[hot stocks] Lithium stocks rose strongly before midday. Koda manufactures Jiangte Motor, which is up by the daily limit of more than 8%.

SMM April 30 news: on the morning of the 30th, lithium concept stocks rose strongly at midday, rising as high as 0.49% to 2065.59. At that time, driven by lithium battery concept stocks, the performance of lithium battery stocks was also very eye-catching. Koda Manufacturing and Jiangte Motor both rose by the daily limit, and Rongbai Technology rose by more than 8%. Tianzhi Materials, Yongxing Materials, Rongjie shares, China Mineral Resources and so on have risen.

Although lithium battery stocks fell slightly after opening in the afternoon, they closed at 2058.47 with an increase of 0.14%. By the close, shares of Mount Qomolangma and Cunninghamia lanceolata in Tibet were up more than 7%, while Ganfeng Lithium Industry and Yongxing Materials were up more than 6%.

As we all know, in the context of the growing popularity of the new energy vehicle industry, the demand for lithium batteries, as the core of new energy vehicles, is rising sharply. According to the Ministry of Industry and Information Technology, in March alone, the global production of 1.93 billion lithium-ion batteries was completed, an increase of 52.8% over the same period last year.

Citic Construction Investment previously commented that on the supply side, the current shortage of lithium resources continues, and the strong market demand leads to the sustained growth of lithium salt production, accelerating the tight supply of lithium resources. Pilbara Minerals, an Australian lithium miner, said on April 21st that lithium concentrate spodumene was in a "relative shortage" with the increase of raw materials used in electric car batteries.

However, according to SMM spot prices, CIF spodumene concentrate prices since April 16 ushered in a wave of price rise, the spot price in late April has been maintained at $610 / ton, the current offer is stable.

"Click to see more SMM metal spot prices.

It is worth mentioning that although lithium battery concept stocks have always been strong, there are occasional ups and downs, but this does not affect the enthusiasm of the market for lithium batteries. Zeng Yuqun, chairman of Ningde Times, has said frankly that there will be a significant increase in the global market demand for lithium batteries from 2021, and he even boldly predicted that the lithium industry will quickly enter the TWh era (1TWh=1000GWh) in the next five years.

Affected by the positive impact of the lithium electricity plate, the recent performance reports issued by lithium leading enterprises have also repeatedly reported good news. Ganfeng Lithium Industry's first-quarter net profit soared by 6046.30%, and Tianci material net profit soared by 591%. Some time ago, due to the sharp rise in the price of lithium hexafluorophosphate, its first-quarter net profit soared 7448.21 over the same period last year.

There is no doubt that the future of the lithium industry is unlimited at a time when new energy vehicles are booming.

Related reading: the growth rate of lithium industry chain is gratifying! The net profits of Ganfeng Lithium Industry and Polyfluorodo both rose by more than 6046% in the first quarter.