Plate changes | supply and demand of lithium industry is still tight in the second half of the year. Lithium battery plate pulls higher.

Zhitong Financial APP learned that on July 30, affected by the news that supply and demand in the lithium industry was still tight in the second half of the year, the A-share lithium battery plate pulled higher. As of press time, nearly 10 shares, such as 300565.SZ and Xiangtan Electric (002125.SZ), rose by the daily limit, while shares such as Tianneng shares (688819.SH), Tibet's Everest (600338.SH) and Sichuan Energy Power (000155.SZ) rose.

Huabao Securities Research report pointed out: looking forward to the second half of the year, the supply and demand of the lithium industry is tight, lithium resources are scarce, and spodumene, lithium hydroxide, lithium carbonate and other products are expected to rise alternately, attaching importance to the opportunities brought by the great development of spodumene in Sichuan, lithium mica in Jiangxi, and Qinghai-Tibet Salt Lake. Ternary high nickel technology is a deterministic direction, so it is suggested to actively grasp the investment opportunities brought about by the wet-process nickel project leading the industry change. The demand for overseas cobalt is growing faster than expected, and the peak season of demand in the third quarter is coming, and the elasticity of cobalt price can not be ignored. Lithium, cobalt and nickel are expected to start a new round of gains in the third quarter.

Zhongtai Securities said that the medium-and long-term industrial trend is more clear: 2019-2020 as the starting point, upstream materials such as cobalt, lithium, copper foil, aluminum foil and magnets will enter three years of upward prosperity. In particular, with the development of overseas new energy vehicles, the status of leading enterprises in the industrial chain is becoming more and more important, and the leading premium will become more and more obvious. First, basic metals, under the impact of the epidemic, supply and demand mismatch + ample liquidity + overseas replenishment is the troika of the current round of basic metal prices. China has entered the stage of moderately cooling the economy, and the Federal Reserve will appease the market. Liquidity may remain loose, while US housing start data rebounded again, superimposed basic metal inventories continue to be de-stocked, and there is still support in the face of prices. Second, the upstream raw materials of new energy, such as lithium, cobalt, rare earth, copper foil, aluminum foil, etc., "supply + demand + inventory" three-cycle resonance just provides a layout window, and the general direction of the medium-and long-term three-year upstream cycle remains unchanged.