SMM12 March 4: the 2020 annual meeting and long-term carnival of the non-ferrous metals industry jointly organized by SMM (SMM) and China Renewable Resources Industry Technology Innovation Strategic Alliance was solemnly held in Suzhou today, during which the rare and precious metals special performance. Lu Dong, general manager of Shandong Hengbang smelting Co., Ltd., Han Han, senior analyst of Zhishui investment management and consulting team, Hu Yan, senior small metal analyst of SMM, Huang Di, senior small metal analyst of SMM, Deng Weibin, head of Asia Pacific region of World Platinum Investment Association, Mei Wangqin, senior analyst of cobalt and lithium of SMM, etc. This paper reviews the market of gold, silver and small metals in 2020 and looks forward to the future market trend.
Speaker
Lu Dong, general manager of Shandong Hengbang smelting Co., Ltd., Shanghai Qianbang International Trading Co., Ltd., delivered a speech on the theme of "existing market and future potential of rare and precious metals". This paper mainly expounds the present situation of the development of rare and precious metals and the characteristics of the company's production process of rare and precious small metals. at the same time, it also forecasts the development direction of rare and precious metal smelting technology in the future. At present, the demand for primary products of antimony, bismuth, selenium and tellurium on the market tends to be saturated. with the improvement of the overall technical level of the country, high-purity metals are more and more widely used in semiconductors, aerospace, aviation and other high-precision fields. there is still a big demand in the market. The coexistence of many kinds of smelting processes and the coordinated development of new technologies will be the development trend of rare and precious small metal smelting technology, such as the combined treatment process of fire process and wet process, the application of vacuum technology, the continuous production of rare and precious small metals and so on. High purification and high purity compounds of rare and precious small metals will be the expansion of the application of rare and precious small metals, especially with the development of high and new technology and special materials, there are higher and higher requirements for the variety, specification and purity of rare and precious small metals. Efficient treatment and resource utilization of arsenic materials is an urgent problem to be solved in the industry, and solid waste containing arsenic has become a common problem and problem faced by the industry.
Han Han, a senior analyst in Zhishui investment management and consulting team, made a speech on the theme of "gold and silver market review and future investment outlook in 2020". He said: "Precious metals prices are expected to be a wide volatility process after rising in the second half of 2020. Next year, the bull market in precious metals is likely to end and return to wide volatility. If medium-and long-term speculative traders can continue to hold multiple orders in the early stage, they can consider inverted pyramid short-term orders near the gold price of 2000 US dollars / oz, and medium-and short-term investors can trade mainly by long positions as far as possible. "
[SMM Annual meeting] next year, the bull market in precious metals may end around US $2000 / oz. Consider building short orders.
Huang Di, senior analyst of small metals at SMM Information & Technology Co., Ltd., made a speech on the theme of "summary of antimony, bismuth, indium and gallium market in 2020 and market forecast after 2021". He said that after the decline after the epidemic in the first half of the year, it had been expected that the third quarter would be full of willows and flowers, breaking the usual practice of falling at meetings. At present, it is basically in line with the forecast that prices such as antimony, bismuth, indium and gallium have risen significantly. A year ago, the traditional stock peak was approaching, and other factors supported the steady rise in the price of small metals, and it can be expected that small metals will continue to perform well in the future. Recently, novel coronavirus vaccine research and development has made good progress, we are also full of confidence in the improvement of the global economy, risk aversion has declined, the dollar index remains low, but also good for small metals. Global liquidity has not contracted, and higher inflation expectations have laid the foundation for small metal prices to remain strong.
"[annual meeting] SMM: traditional stock peak will come, superimposed by other factors, small metals will continue to perform well.
Hu Yan, senior analyst of small Metals in SMM Information & Technology Co., Ltd., gave a speech on "summary of selenium, tellurium and germanium market in 2020 and future market forecast in 2021". At present, domestic small metal smelters are relatively scattered, but the head enterprise concentration is relatively high; with resource integration and industrial upgrading, the future capacity concentration will continue to increase; in recent years, the market of most small metal products is saturated, there is little new production capacity specifically for small metals; with the steady increase in the output of basic metals such as copper, lead and zinc, the supply of small metal products, as its accompanying varieties, shows an overall growth trend. She said that for small metal products, supply, demand, cost, as well as market sentiment and mentality, will be the four main factors that affect the price trend of small metal products. At present, the price of many small metal products is still low, under the support of supply and demand and cost, price repair will be a long-term trend.
[metal Annual meeting] the price of SMM: small metals is still low. Under the support of supply, demand and cost, price repair is a long-term constant trend.
The topic shared by Mei Wangqin, senior analyst of Cobalt Lithium at SMM Information & Technology Co., Ltd., is "summary of new energy market in 2020 and future market forecast in 2021". She said that the demand for new energy vehicles in China is growing rapidly, and the proportion of loaded iron-lithium batteries is increasing; the demand for ternary and iron-lithium materials is rising, and the profit margin for the price of cathode materials is low; the global supply of nickel and cobalt raw materials is tightening, and the increase in downstream demand supports the rise in lithium prices in 2021. Looking forward to next year, the first quarter will continue the mood of stock preparation at the end of the year, the structure of supply and demand will not change greatly, and the price may steadily rise to 50,000 yuan / ton. Starting from the second quarter, the supply gradually increased compared with the same period last year, and the overseas import volume is also expected to increase compared with the same period last year. Superimposing May and June is the off-season for procurement, prices may fall slightly, and the demand side of the third and fourth quarters will gradually begin to impulse, and prices will gradually rise.
[metal Annual meeting] SMM: Nickel and Cobalt Raw material supply tightens downstream demand increases to support Lithium Price in 2021
Deng Weibin, director of the Asia-Pacific region of the World Platinum Investment Association, delivered a speech with the theme of "interpretation of the latest fundamentals and Hot issues of the Global Platinum Market". He mainly reviewed the fundamentals of the platinum market and shared the drivers of the fundamentals of the platinum market. He pointed out that platinum will enter its third consecutive year of deficit in 2021, and market shortages are being recognized by investors; the potential for market demand growth remains high, mainly due to EU carbon reduction fines and stronger growth in diesel vehicle sales; China has tightened emissions regulation and increased platinum use for heavy vehicles; platinum continues to replace palladium in gasoline vehicle catalysts; gold prices drive platinum investment. The growing demand for platinum in cars, platinum and palladium replacement, the price of gold and the prospect of a hydrogen economy have attracted additional demand for platinum investment.
[SMM Annual meeting] the shortage of the platinum market in 2021 is being confirmed that the potential for demand growth is still high.
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