[SMM Analysis] Lithium battery concept stocks pull up battery-grade lithium carbonate will rise?

Published: Aug 18, 2020 15:21

SMM8 March 18: today, lithium battery concept stocks are on the strong side. Aerospace mechatronics, Jingwei shares, Dongxu Optoelectronics, Tianyuan Group, Cangzhou Mingzhu pull-up sealing plate, Divine Materials, Shengyang shares, etc., increased by more than 6%.

Prior to the announcement of Shengyang shares, the company intends to issue no more than 105 million shares in non-public offering, the issue price is 4.72 yuan per share, and the total amount of funds raised does not exceed 494 million yuan. Shandong Guohui Investment Co., Ltd. will fully subscribe for the shares of this issue. after the completion of the non-public offering, the actual control of the company will change. Shandong Guohui will hold 23.08% of the shares of the company and become the new controlling shareholder of the company. Shandong SASAC will become the actual controller of the company.

The company said that through this non-public offering of shares, the company's asset-liability ratio will be reduced, the solvency will be improved, and the company's capital strength will be further enhanced. At the same time, by replenishing working capital, the company's demand for short-term loans can be reduced, thus reducing financial costs, reducing financial risks, and further improving the company's profitability.

"Click to view the historical spot quotation of SMM Cobalt Lithium.

According to SMM research, the price of battery-grade lithium carbonate has been declining since 2020, and has been at the bottom of the price. As of August 18, the average price of battery-grade lithium carbonate was 39750 yuan / ton, down 10500 yuan / ton from the high since the beginning of the year. However, SMM believes that the price of battery-grade lithium carbonate is expected to rise by 50-1000 yuan per ton from the end of August to the beginning of September.

The main reasons for the increase in the price of electric carbon are:

On the one hand, a number of battery-grade lithium carbonate smelting enterprises gradually reduce the operating rate due to high production costs, and some of the electric carbon inventory appears caking phenomenon, and the spot market decreases; on the other hand, as the current industrial carbon factory shipment and inventory situation is still good, the high price of industrial carbon is strong, so it is difficult for purification enterprises to have large profit space, which may boost the price of electric carbon in the short term.

"2020 (second) China Automotive New Materials Application Summit Forum"

It was solemnly held in Shanghai from September 17 to 18.

During the reform period of the "four modernizations of the automobile", intelligent network connection, new energy, lightweight and intelligent manufacturing entered the field of the automobile industry, and the automobile era was reinterpreted. The surging changes require the industry to continue to integrate and innovate, and quickly promote the development rate of automobile enterprises. With the emergence of self-driving and intelligent cars, Internet companies, which are not active in the automotive field, have more opportunities to show their talents; the double points policy is becoming an important driving force for the development of China's new energy vehicle industry; in the face of environmental constraints, car companies speed up the application of advanced lightweight components and technologies to achieve vehicle weight loss. With the continuous promotion of the strategies of "Industrial 4.0" and "made in China 2025", intelligent manufacturing has become a new challenge of upgrading and transformation.

Under the guidance of the Shanghai Economic and Informatization Commission and the Shanghai Federation of Industrial economy, in order to accelerate the application of automobile lightweight and product lines, the Shanghai Nonferrous Metals Industry Association, together with Shanghai Automotive Engineering Society, Suzhou Die casting Technology Association and SMM, jointly held the "2020 (second) China Automotive New Materials Application Summit Forum". Jointly discuss material solutions, co-casting automobile industry chain green development closed loop, and strive to build an excellent communication and cooperation platform for the whole automobile industry chain, and lead the creation of advanced automobile industry clusters.

Click to understand and sign up for the 2020 China Automotive New Materials Application Summit Forum.

Please fill in your personal information on the last page and the meeting staff will contact you later!

Scan the QR code and follow the official account of cobalt lithium new energy.

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