SMM March 22nd: today, investors asked Jiangte Motor on the interactive platform whether the financial score of nine points between the company and Zhao Weidong would affect the progress of exploration and conversion of the company's Xikeng Lithium Mine. In this regard, Jiangte Motor replied that the company's national application for "exploration and conversion mining" of Xikeng Lithium Mine is being actively promoted. At present, the reserves record has been completed, a development and utilization plan has been made, and the relevant information will be disclosed in time after obtaining the mining certificate. The dispute between the company and Zhao Weidong is that there are differences around the confirmation of the investment of mining rights, which will not affect the work arrangement and progress of "exploration and conversion mining" of Xikeng Lithium Mine.
In addition, Jiangte Motor also said that everything in the company's production and operation is normal, the company's lithium plate production and sales are booming in the first quarter of this year, and the price of lithium carbonate has increased significantly, which has had a positive impact on the company's first-quarter results.
SMM spot quotes show that since the beginning of 2022, the price of battery-grade lithium carbonate has risen rapidly, from 278000 yuan at the beginning of the year to 503000 yuan / ton today.
"Click to order to view the spot historical price of SMM new energy products.
As a result, various institutions have significantly increased their attention to Jiangte electric organs with lithium ore resources, and Jiangte Electric has successively released five pieces of research activity information in March. In the research information released earlier, Jiangte Electric mentioned that the proven lithium ore reserves in the company's free lithium mine are expected to reach more than 100 million tons. The company has many years of technical precipitation and accumulation of mining and lithium salt processing, and is carrying out compatible transformation of spodumene and lithium mica. The company now has two spodumene production lines, which are expected to be formally transformed and put into production in the second quarter of this year. After the transformation is completed, the production line can use spodumene and lithium mica as raw materials to prepare lithium carbonate, and the output will enter a climbing period after it is put into production.
At present, Jiangte Motor Lithium Carbonate sales follow the market way of external sales, there is no long single sales for the time being. In addition, the company also mentioned that after the completion of the "exploration and conversion" of Xikeng Lithium Mine, the Xikeng Lithium Mine applied for a mining permit of 3 million tons per year, with a corresponding lithium carbonate equivalent of about 20,000 tons, and the subsequent procedures for expanding the mining scale can be applied for as needed.
In addition to Xikeng Lithium Mine, the company's medium-term plan will speed up the "exploration and transfer" of four other exploration rights: Pailou Lithium-bearing porcelain Stone Mine in Yifeng County, Meijia Lithium-bearing porcelain Stone Mine in Yifeng County, Baishuidong-Fengxin County Yeweiling and Pingtouling Tantalum and Niobium Mine in Fengxin County.
Referring to his views on the future price trend of lithium carbonate, Jiangte Motor said that the main reason for the sharp increase in lithium carbonate prices in recent years is the lack of capacity of lithium raw materials and the strong downstream demand brought about by the rapid development of the new energy industry. Jiang Te Electric said that the future price trend of lithium carbonate depends on many factors, including national policy, upstream raw ore mining capacity and downstream application demand, and so on. However, for enterprises, the company hopes that the price of lithium carbonate can operate smoothly within a reasonable profit range.
Recently, in order to do a good job in ensuring the supply and price of lithium resource products, the Ministry of Industry and Information Technology and other four departments held a forum with key upstream and downstream enterprises of lithium power, requiring enterprises upstream and downstream of the industrial chain to strengthen the docking of supply and demand, work together to form a long-term and stable strategic cooperative relationship, jointly guide the rational return of lithium salt prices, strengthen efforts to ensure market supply, and better support the healthy development of China's new energy vehicles and other strategic emerging industries.
Recently, due to the influence of the black swan incident of nickel price and the decline in the growth rate of demand for lithium carbonate, the price of battery-grade lithium carbonate has stabilized at 503000 yuan / ton for many trading days. SMM expects that the price of lithium carbonate will be stable or there will be a slight correction in the future. "View details
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