SMM July 15: on the evening of July 14, Tianqi Lithium Industry and Ganfeng Lithium Industry successively issued announcements to revise their semi-annual performance forecasts. After the revision, Tianqi Lithium Industry approached the limit of 9.51% by the close of July 15, while Ganfeng Lithium Industry rose more than 5%.
According to the announcement, Tianqi Lithium Industry had expected a loss of 1.3-250 million yuan in the first half of 2021, but after raising its performance forecast, the weather lithium industry turned from loss to profit and made an estimated profit of 78 million-116 million yuan in the first half of the year.
As for the reasons for the performance growth, Tianqi Lithium Industry said that, on the one hand, due to changes in the share price of SQM, the fair value change income generated by the company's SQM Class B leading options business increased than expected; on the other hand, the sales volume and average sales price of the company's major lithium compound products were higher than expected.
According to SMM historical prices, as of July 15, the average spot price of spodumene concentrate CIF in China was 735 US dollars / ton, up 76 percent this year; the average price of battery-grade lithium carbonate was 87500 yuan / ton, up 69.9 percent this year; and the average price of battery-grade lithium hydroxide was 97000 yuan / ton, up 98 percent this year.
"Click to view the historical price of SMM Metals.
And it is worth mentioning that Tianqi Lithium Industry has been constantly laying out its high-quality resources. in terms of minerals, Terlison, a subsidiary of Tianqi Lithium Industry, has a lithium oxide grade of 2.1% of Greenbush spodumene ore. According to the announcement issued by IGO, Greenbush's production capacity will reach 1.35 million tons and 1.63 million tons in 2021 and 2022. In the salt lake, the company distributes the high-quality Atacama Salt Lake and China's Zabuye Salt Lake respectively by taking a 20% stake in Xigaze Zabuye and a 25.85% stake in SQM.
As for lithium salt, Tianqi lithium industry will add 48000 tons of lithium hydroxide production line and 20, 000 tons of Suining battery-grade lithium carbonate production line in the future. Overall, the company's lithium production capacity may exceed 110000 tons.
Under the consideration of "mining" and "salt", Everbright Securities expects Tianqi Lithium Industry to return to its mother net profit of 633 million yuan in 2021, an increase of 134.52% over the same period last year. On the same day, Western Securities also released a research report saying that Tianqi Lithium is expected to return to its mother net profit of 639 million yuan in 2021, an increase of 134.85% over the same period last year, maintaining the "overweight" rating.
As for Ganfeng lithium industry, the net profit in the first half of the year is expected to be 13-1.6 billion yuan, higher than the original profit of 8-1.2 billion yuan, an increase of 730.75% and 922.46% over the same period last year.
With regard to the reasons for the revision of the performance forecast, Ganfeng Lithium said that it was mainly due to the higher-than-expected price of its products during the reporting period and the increase in the fair value of the company's financial assets such as Pilbara.
It should be noted that in addition to the layout of lithium ore and the construction of lithium salt projects such as lithium carbonate and lithium hydroxide, Ganfeng lithium industry has already put decommissioned lithium battery disassembly and comprehensive metal recovery on the agenda. As early as 2020, Ganfeng Lithium Industry was successfully selected into the "New Energy vehicle waste Power Battery Comprehensive Utilization Industry Standard conditions" list of enterprises by the Ministry of Industry and Information Technology.
It is reported that by 2020, the recovery capacity of Ganfeng Lithium Industry decommissioned lithium battery disassembly and metal comprehensive recovery project has reached 34000 tons, the lithium recovery rate is more than 90%, and the comprehensive recovery rate of nickel, cobalt and manganese is more than 98%. At present, Ganfeng cycle is completing the planning of capacity improvement and business development in an orderly manner, and gradually improve the layout of the recycling field.
With the release of the 14th five-year Plan of Circular economy Development Plan by the State Council, strengthening the construction of traceability management platform for power batteries of new energy vehicles and improving the traceability management system for power battery recycling have been incorporated into the national planning, power battery recycling has risen to the national level, and its degree of attention has long been incomparable. In this context, the advance layout of lithium battery recycling Ganfeng lithium industry, the future is worth looking forward to.
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