SMM, July 16: when trading opened this morning, the lithium battery plate rose again after a slight correction yesterday, with Tibet Mining, Shengyang shares, Mount Qomolangma, Jiangte Motor and other stocks once pulling up and blocking the trading limit, while Yongtai Technology, Shengtun Mining and other stocks rose more than 9 percent.
On the news side, recently, more than a dozen lithium-related companies have issued their first-half performance forecasts one after another. Driven by the popularity of new energy vehicles in the first half of 2021, the development of the lithium industry is also unstoppable, and many enterprises have made considerable profit expectations. Tianqi Lithium Industry and Ganfeng Lithium Industry, also known as the "two heroes of the lithium industry," announced on the evening of July 14 that Tianqi Lithium Industry, which has been burdened with huge debts, is expected to turn from losses to profits. Ganfeng Lithium expects its first-half net profit to increase by 731% to 922%.
However, there is no doubt that new energy vehicles will continue to be hot in the future. Liu Aihua, spokesman for the Bureau of Statistics, said that although the current shortage of chips and other factors have restricted the development of the automobile industry to a certain extent, on the whole, China's automobile industry will still maintain rapid growth potential.
In addition, according to the latest news, lithium battery ternary precursor manufacturers are in the process of expanding production, so even though imported nickel hydrometallurgical intermediates for the production of nickel sulfate are arriving in Hong Kong one after another, nickel sulfate is still in a state of structural shortage. Huachuang Securities expects the next wave of concentrated mining and sales to push nickel sulfate prices higher.
According to the spot price of SMM, as of July 16, the average price of domestic battery-grade nickel sulfate was 37000 yuan / ton, up 21.3% from the April trough.
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Yesterday, Jiangxi Copper announced that the company signed a "Investment Promotion Project contract" with Shangrao Economic and technological Development Zone, through the establishment of a registered new company, in the Shangrao Economic and technological Development Zone to invest in the construction of three projects with an annual production capacity of 100000 tons of lithium copper foil, 220000 tons of copper rods and 30, 000 tons of casting materials. The total investment of the three projects is expected to be 12.8 billion yuan.
As for the recent erratic performance of the lithium battery plate, Haitong Securities commented that the growth style represents the gem index and the market weight index have formed a relatively extreme differentiation trend recently. although the recent performance of the most powerful lithium battery plate has been the most violent pull or come to an end, it cannot be concluded that the lithium battery market is over, and repeated hype in the lithium battery segment industry is expected. Investors are advised to control their positions and should not chase high and wait for opportunities.
