SMM June 29th: today, the salt lake lithium extraction index began to rise rapidly after the opening shock of early trading, rising by 1.08 per cent at one point. Affected by this, Salt Lake Lithium stocks also performed very well. Tibet Holdings and Tibet Mining rose by more than 9.6%. In addition, stocks such as Jiuwu Hi-Tech, Koda Manufacturing, Tibet City Investment, Lanxiao Technology and other stocks rose.
It is worth mentioning that yesterday, the salt lake lithium plate also ushered in a wave of rise. Citic Securities said that 2021 will be the inflection point for the development of domestic salt lake lithium extraction industry, salt lake lithium extraction low-cost route, low-carbon green prediction integration advantages, so that it has stronger growth and higher certainty.
It is reported that compared with using ore as raw material to produce lithium salt, using brine as raw material to produce lithium salt has the advantages of low energy consumption, low cost and comprehensive cost, the latter is 30% to 50% less than the former. In the global total of 3190-51.9 million tons of lithium resources, brine lithium resources account for 62.6%. Therefore, lithium extraction from salt lake has both resource and cost advantages.
According to a research report issued by Huaan Securities, under the background of self-controllable lithium resources, and based on the cost and resource advantages of extracting lithium from salt lakes, on the one hand, it is suggested to pay attention to companies that distribute salt lake resources, on the other hand, it is suggested that attention should be paid to companies that can choose appropriate technological routes according to local conditions, stabilize the production of lithium carbonate, and continue to expand production while reducing costs.
Among them, lithium carbonate as an important part of power batteries, since the explosive growth of new energy vehicles in the fourth quarter of 2020, the prices have skyrocketed, the major enterprises frantically expand production, and gradually improve the situation that supply falls short of demand.
According to SMM research, the demand for battery-grade lithium carbonate is in a weak period recently, resulting in a slight drop in its price. According to the spot average price of SMM, as of June 29, the average price of battery-grade lithium carbonate in China was 87500 yuan per ton, but even so, it was still 120% higher than last year's low price.
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