[8.10 Lithium Express] Lithium resources industry has entered a high business cycle | Yiwei Lithium Energy: signed a memorandum of cooperation with Grimme on directed recycling of 10,000 tons of recycled nickel products

[Yongtai Technology: the expanded 6000 tons of lithium hexafluorophosphate is expected to be put into production by the end of 2021] Yongtai Technology said on the interactive platform that the company currently does not have mass production of sodium hexafluorophosphate, and the expanded 6000 tons of lithium hexafluorophosphate is expected to be put into production by the end of 2021. The actual production will depend on the progress of the project.

[the lithium resources industry has entered a high business cycle] with the rapid development of the new energy automobile industry, the lithium resources sector is favored by the market. In the face of the sharp increase in market demand, the relevant listed companies actively expand their production capacity. Some power battery enterprises extend the industrial chain and further lock in the upstream resources. Industry insiders pointed out that the high growth of raw materials in the future has strong certainty and is expected to enter a high boom cycle. It is worth noting that after experiencing a continuous rise in stock prices, Sichuan Energy Power, Guoxuan Hi-Tech and other lithium mining enterprises have recently warned of risks.

[Yiwei LiNeng: signed a Memorandum of Cooperation on directed Recycling of 10000 tons of recycled Nickel products with Grimmei] Yiwei LiNeng announced that it signed a Memorandum of Cooperation on directional Recycling of 10000 tons of recycled Nickel products. Starting from 2024, Greenwich promised to supply the company with more than 10,000 tons of recycled nickel products (including nickel sulfate, ternary precursors, ternary materials and other nickel products), and the cooperation period lasted for 10 years from the beginning of product supply. And the quantity can be increased and the cooperation period can be extended according to the need. "View details

[shortage of power battery supply and overcapacity co-exist "ice and fire" in the lithium power industry. Several mainstream listed lithium battery companies are speeding up the pace of capacity layout. However, the related problems have become increasingly prominent-overheated power battery hype, structural overcapacity and underutilization of capacity have emerged. On the one hand, the supply of high-end high-quality production capacity is insufficient, on the other hand, the order of low-end From the supply side, the head battery enterprises accelerate capacity expansion, is to increase the supply of high-end capacity. Take Ningde era as an example, according to the company's financial data, the company's capacity utilization rate was 89.17% in 2019, compared with 52.50% in the first half of 2020.

[India is considering slashing import taxes on electric vehicles] two senior Indian government officials said India was considering reducing import tariffs on electric vehicles to 40 per cent. A few days ago, Tesla called on the government to cut taxes, resulting in a polarizing attitude in India's auto industry. The government is discussing reducing the tax rate to 40 per cent from the current 60 per cent for imported electric vehicles worth less than $40,000, including car costs, insurance and freight, and for electric vehicles worth more than $40,000, the company is considering reducing the tax rate from 100 per cent to 60 per cent, the two officials said. 'We haven't decided on a tariff reduction yet, but discussions are under way, 'said one of the officials.

[Shanshan shares' first-half net profit increased by 659.15% year-on-year increase of 74.41% over the same period last year] Shanshan shares (600884) disclosed that the company realized operating income of about 9.947 billion yuan in the first half of the year, an increase of 209.82% over the same period last year. The net profit belonging to shareholders of listed companies was about 760 million yuan, an increase of 659.15% over the same period last year. In the first half of the year, thanks to the continued strong demand from downstream battery customers, Shanshan's lithium materials business shipped a total of 64000 tons, an increase of 74.41% over the same period last year.