Today, the average price of lithium carbonate broke through 500000 to 501000 / ton! Lithium metal jumped 100000 yuan again [SMM News]

SMM March 10: according to SMM spot prices, today's domestic battery-grade lithium carbonate spot quotation 49.7-505000 yuan / ton, the spot price rose 2000 yuan a day to 501000 yuan, and finally broke through the 500000 yuan / ton mark. Since the beginning of the year, the average spot price of domestic battery-grade lithium carbonate has increased by 223000 yuan / ton, an increase of 80.22%.

"Click to order to view the spot historical price of SMM new energy products.

Today, the price of battery-grade lithium hydroxide also ushered in a new wave of rise, its spot price has risen to 47.6-483000 yuan / ton, the average daily price rose 4000 yuan to 479500 yuan / ton. Since the beginning of the year, the average spot price of domestic battery-grade lithium hydroxide has risen by 257000 yuan / ton, an increase of 115.51%.

In terms of lithium metal, according to the spot price of SMM, the average spot price of lithium metal jumped 100000 yuan again today, the average price was 2.984 million yuan, and the scope of its spot quotation has been raised to 295.4-3.014 million yuan. Since the beginning of the year, the average spot price of lithium metal has risen by 1.589 million yuan per ton, an increase of 113.91%.

It is worth mentioning that since the beginning of March, although the price of lithium carbonate, which had risen fiercely, has continued to rise, its price increase has narrowed significantly. In the first two trading days, the price of 1000 yuan per ton per day was used to slowly climb the slope. SMM explained this mainly because the manufacturers had basically completed the preparation for this month last week, and because the price of lithium carbonate was high, many enterprises on the demand side had strong resistance psychology, and the market game sentiment was strong. Under this background, the rising rate of lithium carbonate price narrowed obviously.

In addition, SMM recently announced the production capacity of lithium carbonate in February 2022 and made a corresponding forecast for March production. SMM data show that in February, due to the Spring Festival holiday, some lithium salt manufacturers were still in a state of overhaul in February. Against the backdrop of a short production cycle in that month, lithium carbonate production in February totaled 18609 tons, down 2 per cent from the previous month and up 51 per cent from a year earlier.

In March, as some enterprises have completed maintenance, coupled with the climbing of new production capacity and the production increment caused by the rise in temperature in Qinghai, the supply of lithium carbonate is expected to increase significantly in March. Lithium carbonate production is expected to rise to 23581 tons in March, a 27% increase from the previous month. "View details

The price of lithium carbonate has continued to rise recently, and there was news in the market that as the price of lithium carbonate rose by more than 500000 yuan / ton, the cost pressure of the mid-stream battery factory was huge, and many domestic battery factories used the way of not buying goods or taking orders to counter the sharp rise in the price of lithium carbonate. In response, a number of battery factories responded, Ningde Times said that this does not exist at present, Yiwei LiNeng also said that the company's current production schedule is normal; Guoxuan Hi-Tech said that it is still a normal surge in downstream supply.

As a leading lithium mining enterprise, Ganfeng Lithium Industry, the relevant person in charge of its company also admitted that there is no battery factory does not buy goods, the production line is in a state of full production and sales.

Yesterday, there are a number of lithium industry chain-related enterprises have released their 2021 results KuaiBao. Electrolyte giant Dofudo said that the company achieved total revenue of 7.809 billion yuan in 2021, an increase of 83.95% over the same period last year, and a net profit of 1.26 billion yuan, an increase of 2490.80% over the same period last year. As for the reasons for the soaring performance, the company explained that during the reporting period, the market demand for new material products represented by lithium hexafluorophosphate was strong, and the sales price ushered in a new high. Stimulated by the good news of the performance report, polyfluorodo successfully sealed the trading board today, trading at 40.02 yuan per share.

Lanxiao Technology said its total revenue in 2021 was 1.195 billion yuan, up 29.57% from the same period last year, and its net profit was 311 million yuan, up 54.09% from the same period last year. During the reporting period, three industrial salt lake lithium extraction projects implemented by Lanxiao Technology, namely, Tibetan Mining, Jintai Lithium Industry and Minmetals Salt Lake, have been successfully put into production, indicating that the adsorption lithium extraction technology with independent intellectual property rights of the company has all been opened.

In addition, Dangsheng Technology, a well-known company of lithium cathode materials, also released its results from January to February 2022 on March 9. According to the announcement, the company achieved a total net profit of about 230 million yuan belonging to shareholders of listed companies in the first two months, an increase of about 113.91 percent over the same period last year.

When Sheng Technology said that since 2022, the company's lithium cathode material business has continued to maintain a momentum of rapid growth, production capacity has remained at full capacity, and operating performance has increased significantly compared with the same period last year.