What is the impact of this epidemic on the lithium power industry? [SMM research]

SMM3, March 22: recently, the epidemic situation across the country has been repeated, new confirmed cases have occurred frequently across the country, and the situation of epidemic prevention and control is still grim and complicated. according to the data of the Health and Health Commission, only on March 21, 31 provinces and cities across the country and the Xinjiang production and Construction Corps reported 2338 new confirmed cases. New cases have been reported in Jilin, Fujian, Liaoning, Shanghai, Shandong and other places, and the epidemic has affected dozens of provinces across the country.

According to SMM research, in this round of epidemic, most lithium power enterprises in the industry have been limited. Except for an enterprise in Zhejiang that may reduce production of ternary precursors by 1000 to 1500 tons that month due to the suspension of production due to the epidemic, lithium salts, cobalt salts, ternary precursors, ternary materials, and most mainstream production enterprises of lithium iron phosphate have not experienced equipment shutdown caused by epidemic prevention and control, production line closure, and so on, which may constitute a direct reduction in production. Although some enterprises located in Hunan, Jiangsu, Zhejiang, Shanghai, Shandong and other areas with relatively serious epidemic conditions said that the current epidemic situation around them is relatively serious, the transportation of raw materials and the delivery of products have become more difficult, and the delivery cycle has been pulled out, but in addition, the rest of the effects are within the scope of control, and the impact on production and marketing in that month is limited.

In terms of terminals, prior to the continuous fermentation of the epidemic situation in Guangdong, the anti-epidemic situation was grim, and Shenzhen, Dongguan and other areas implemented a large-scale city-wide closure and control policy, which to a certain extent led to the local many small and medium-sized lithium cobalt, lithium manganate e-cigarettes, 3C digital battery enterprises to stop production, is expected to cause approximately 1.5 weeks of production loss.

With regard to the impact of this round of epidemic on the lithium industry chain, SMM will continue to follow up the report, please stay tuned.

SMM New Energy Research team

Yi Yanting 021-51666860

Mei Wangqin 021-51666759

Yuan Ye 021-51595792

Ren Pengfei 021-51595913

Ma Rui 021-51595780

Tang Peng 021-51666749

LV Yanlin 021-20707875

Liu Yujun 021-20707895