[Citic Securities: rising Lithium Carbonate once again broadens the upside of the Plate] CITIC Securities Research report pointed out that downstream demand is growing strongly, and lithium carbonate prices are rising again. It is expected that the upward cycle of this round of lithium prices can last at least more than a year, and the price can be seen as high as 12-150000 yuan / ton. The high certainty and long-term growth of the lithium plate is expected to attract continuous capital inflows. We continue to be optimistic about the allocation value of the lithium plate, with emphasis on Ganfeng lithium industry and Shengxin lithium energy. It is recommended to pay attention to China Mineral Resources, Yongxing Materials, Rongjie shares and Koda Manufacturing.
[Citic Securities: global penetration of new energy vehicles is expected to be close to 20% in 2025] CITIC Securities pointed out that new energy vehicles have leapfrogged from subsidy-driven to market-driven, entering a stage of rapid growth of 1murn, and the global economy continues to resonate upward, especially the sharp increase in penetration in China and Europe, and the resumption of electrification in the United States. In the medium to long term, we judge that the global penetration rate of new energy vehicles is expected to be close to 20% in 2025. At present, some companies in the industrial chain have high valuations, but we believe that driven by the outbreak of downstream demand, the performance growth and certainty of high-quality enterprises in the relevant links of the supply chain are very high, and high valuations are expected to be quickly digested in the future, and continue to recommend high-quality enterprises in the new energy automobile supply chain with global competitiveness, especially Tesla, Ningde era, LG Chemical and other supply chains.
[polyfluoroduo: lithium hexafluorophosphate market demand continues to increase in the next three years customer intention far exceeds the company's original expectations] on July 20, the polyfluoroduo recipient organization conducted a survey and said that the supply of lithium hexafluorophosphate continues to be tight in the near future, and the company is currently full of orders. far more than the existing production capacity. With regard to the future supply and demand of lithium hexafluorophosphate industry, the company said that lithium hexafluorophosphate as the main electrolyte in lithium battery electrolyte, the market demand continues to increase, especially in the next three years, the customer intention far exceeds the company's original expectations. With the further improvement of the proportion of new energy vehicles in passenger vehicles in the country, the demand for lithium hexafluorophosphate in the domestic market is still tight in the next three years, and the product advantages are further concentrated to the leader. A relatively stable relationship between supply and demand may be achieved by 2025.
Ningde era sues AVIC Lithium Battery Patent infringement? AVIC Lithium responded: no indictment has been received! Yesterday, a source said that Ningde Times had formally sued AVIC Lithium for patent infringement. The source said that AVIC Lithium was suspected of infringing all the products of the Ningde era. As soon as the news came out, it immediately caused an uproar in the industry. But then the incident took a turn for the better. AVIC Lithium said in a statement issued in the evening that the company had not received a complaint against the infringement reported by the media as of the evening of July 22.
[CICC: total demand for lithium power equipment exceeds 500 billion yuan from 2021 to 2025] the latest CICC research points out that from top to bottom, combined with the growth of power battery demand for new energy vehicles and the renewal demand for stock capacity, it is estimated that the global market for lithium power equipment will be about 119.8 billion yuan in 2023, 143.1 billion yuan in 2025, and more than 500 billion yuan in 2021-2025. From a bottom-up point of view, the bank counted 13 global leading battery factories, including domestic CATL, BYD and foreign LG Chemistry, Samsung, SKI, etc., and the total production capacity by the end of 2020 is 435GWh. the planned new capacity is close to 2TWh. most of the new capacity will be put into production before 2023, and the total investment in new equipment is estimated to exceed 500 billion yuan.
[Guotai Junan: lithium prices are high in front of the second round] Guotai Junan reported that the current electric carbon price is generally around 90,000 / ton. this week, some lithium production enterprises in the industrial chain raised the quotations of industrial-grade lithium carbonate and battery-grade lithium carbonate. downstream enterprises have gone from resisting price increases to gradually accepting them. This is the first rise in lithium carbonate prices after three months of silence, marking the second round of lithium price increases. We expect that the shortage of supply and demand in the lithium industry will become more and more serious, and the lithium industry may enter a hard shortage in the second half of the year. With the increase in the purchase quantity of lithium in downstream enterprises, the downstream attitude towards procurement will evolve from normal procurement to replenishment to rush for goods. The tight degree of supply and demand and the change of lithium price are non-linear, and we raise the forecast of lithium price in the second half of the year to a historical high of 180000 / ton.
