The price of lithium carbonate is soaring all the way! Today, it will increase by another 6000 yuan to 308000 yuan. Institutions threaten to raise it again [SMM Express].

SMM January 10: since the end of 2021, the price of lithium carbonate has soared, almost with an average daily price of more than 5000 yuan / ton. Since January 7, the average spot price of lithium carbonate has exceeded 300000 tons and continued to rise. As of January 10, according to the spot price of SMM, the average spot price of domestic battery-grade lithium carbonate was 308000 yuan / ton, up 6000 yuan / ton or 1.99% from the previous trading day.

"Click to view the spot market of SMM new energy products.

At the same time, battery-grade lithium hydroxide, which has a strong rising mood recently, is not willing to lag behind. For the third trading day in a row, it recorded a daily increase of 6000 yuan / ton, with an average price of 248500 yuan / ton.

However, the performance of lithium hydroxide is much lower than that of lithium carbonate, which is soaring rapidly. In terms of lithium carbonate, some institutions have recently predicted that the global lithium carbonate gap will exceed 160000 tons in 2025, accounting for 13% of the gap. A person in charge of a lithium carbonate enterprise in Haixi, Qinghai even said that recently, the relationship between supply and demand of lithium carbonate has continued to be tense, settling accounts at "current prices" every day, and the recent transaction price of lithium carbonate in his company has risen to 320000 yuan / ton. It is generally believed in the industry that the relationship between supply and demand can not be balanced in the short term, and the price rise may continue until the middle of the year.

What is even more eye-popping is that while the price of lithium carbonate continues to rise, many enterprises still have the situation that "even if they have money, they can't get the goods." According to Zangge Mining, which produces 7500 tons of lithium carbonate in 2021, plus 4000 tons of inventory in 2020, it has basically completed sales and has no inventory to meet the demand for existing orders.

Even so, there are still enterprises in the industry said frankly, "in view of the recent sales of lithium carbonate, its price increase will continue, breaking through 400000 yuan / ton price is not a big problem."

Guojin Securities believes that the current increment of lithium carbonate production is quite limited, but the demand increment is sufficient, and the price of lithium carbonate is likely to rise to 500000 / ton in the future. Guojin Securities believes that the shortage of lithium carbonate will not be alleviated until 2024 and 2025, but the situation that supply falls short of demand still cannot be easily completely reversed.

According to SMM's recent research on lithium carbonate, due to the shortage of lithium carbonate raw materials, some downstream manufacturers may even passively reduce production at the end of January. After the Spring Festival, due to the poor stock preparation of enterprises in February and March, it is expected that lithium salt will not be as stable or falling as in previous years, and the price of lithium salt will continue to rise in the future. "View details

In addition, the future trend of lithium prices is also worth looking forward to. Some time ago, the Chilean general election and the news that some lawmakers asked the court to end the tender for 400000 tons of lithium ore contracts initiated by the Chilean government once heightened fears of a further shortage of lithium ore supplies. It is widely believed that once the 400000-ton lithium mine contract is declared bankrupt by tender, the shortage of global lithium supply will further intensify.

However, according to the latest news, the court in Santiago rejected the appeal because it was too late to appeal because the tender was made public by the Chilean Ministry of Mines last October.

Galaxy Securities expects that the increase in the effective supply of global lithium resources in 2022 is still relatively small, and the shortage pattern of lithium resources will continue under the pull of the substantial release of new production capacity of new energy vehicles and cathode materials, and the supply gap in the lithium industry is expected to widen to 47000 tons in 2022. LCE, lithium prices are expected to remain high. And with the intermittent disturbance of supply and the seasonal expansion of consumption, lithium price has the possibility of further explosive surge.

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