[hot stocks] Lithium Battery Plate increases sharply in spot prices of Cobalt and Lithium in the Upper reaches of Sichuan Energy Power sealing Plate

SMM2 March 2 News: today, the lithium battery plate rose in the afternoon, Sichuan Energy Power sealing Board, Yiwei Lithium Energy, Huayou Cobalt Industry, Ganfeng Lithium Industry, Tianqi Lithium Industry and other collective higher.

On the news side, Ganfeng Lithium Industry issued an announcement to substantially revise its 2020 performance forecast. According to the announcement, the revised net profit attributed to shareholders of listed companies was 91000-1.07 billion yuan, an increase of 154.14%-198.82% over the same period last year, and was previously expected to be 40,000-500 million yuan, an increase of 11.71%-39.64% over the same period last year, compared with a profit of 358.071 million yuan in the same period last year. Yiwei LiNeng and its controlling shareholder, Yiwei Holdings, intend to participate in the subscription of Huayou Cobalt's non-public offering shares with their own and self-raised funds of 1.8 billion yuan, of which the total subscription price of the company is 300 million yuan, and that of Yiwei Holdings is 1.5 billion yuan.

Ganfeng lithium industry substantially revised performance forecast for 4 consecutive days after the adjustment of the stock price can be strong again?

Under the background of the accelerated outbreak of the new energy vehicle market, it also drives the demand for cobalt lithium upstream to a certain extent. As for lithium, the price of battery-grade lithium carbonate has been rising since August 2020. as of today, according to SMM, the average price of battery-grade lithium carbonate is 72000 yuan / ton, up 81.13% from the lowest level since the beginning of 2020. SMM believes that before the Spring Festival, due to the impending shutdown of logistics and the suspension of production and maintenance of lithium salt plants and other factors, the market transaction situation gradually weakened from the beginning of January. At present, the order trading volume is less, but the delivery is frequent. According to SMM research, although some enterprises lock the volume ahead of time, but the price follows the market, so the shipping price continues to rise. After the festival, we learned that some lithium salt plants have stopped / some of the new production lines will be put into operation. In the first half of the year, the supply (mainly mica and salt lake system) will continue to release, the tight supply situation will improve, and the price of Q2 may gradually stabilize.

"Click to view the spot historical price of cobalt lithium.

For cobalt, the price of electrolytic cobalt has been rising since the end of December. as of today, according to the SMM quotation, the average price of electrolytic cobalt is 314000 yuan / ton, up 35.05% from the lowest level since the beginning of 2020. SMM believes that logistics is blocked, cobalt raw material inventory is tight, costs are rising, the overall cobalt demand is improving, and the price of electrolytic cobalt is rising.