SMM, Aug. 11: following the resumption of the listing of Salt Lake shares, which was suspended for 14 months yesterday, and triggered heated discussion among all shareholders with an intraday rise of more than 388%, today, another company related to the lithium industry chain is listed, that is, Hunan long Lithium Co., Ltd.
Similar to Salt Lake shares, long-term Lithium shares rose rapidly as soon as trading opened this morning. After midday trading, its intraday rise was more than 354%. After rising, there began to be a slight pullback, as of 1415%. Long-term Lithium shares rose 305% to 22.88 yuan per share. Its offering price is only 5.66 yuan per share.
Public data show that: long-term lithium is mainly engaged in the research and development, production and sales of high-efficiency battery cathode materials, and its main products include ternary cathode materials and precursors, lithium cobalt cathode materials and so on. Today, ternary cathode materials have become the core products with the largest share of lithium revenue in the long run.
And it is worth mentioning that from 2018 to 2020, long-term Lithium also supplied products such as ternary cathode materials and ternary precursors to Ningde Times and its subordinate companies. In 2018 and 2019, long-term Lithium also successfully ranked among the top five suppliers in the Ningde era.
Not only that, according to public data, from 2016 to 2019, long-term lithium also ranked among the top two sales of ternary cathode materials in China, and its market share of ternary cathode materials ranked second in China in 2019 and ranked fifth in the world.
It is reported that the long-term lithium science raised 2.725 billion yuan of funds, the future will be used for automotive lithium battery cathode materials to expand the first phase of the project and supplement working capital. According to the spot quotation of SMM, the spot price of the ternary precursor (523 / power) has risen all the way since the end of June. as of Aug. 11, the average price of the ternary precursor (523 / power) was 122000 yuan / ton, up 18000 yuan / ton from the end of June, an increase of 17.3%.
"Click to see more SMM metal spot prices.
According to the recent SMM survey results, recently, due to the slight increase in the price of nickel salt and manganese salt, the price of cobalt salt has declined slightly, the recent processing cost has increased, and the total cost of precursors has increased. On the demand side, the demand for power is relatively stable, while the demand for small power and digital market is rising. Recently, the price is driven by the superimposed demand due to the influence of cost, the quotation of the precursor continues to rise, and the actual transaction price also rises. it is expected that the purchase volume will decrease in the future, and the price will stabilize.
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