SMM Sept. 2: lithium mining stocks continued to rise in the afternoon after yesterday's big correction. Tibet Mining, which recently had a strong performance and record highs one after another, rose by its daily limit at midday, and its share price rose 10.01% to 86.52 yuan per share, with a total market capitalization of more than 45 billion yuan.
In addition to the Tibetan mining industry, Tianhua Super net also rose more than 16% at one point, and Tibet City Investment, Rongjie shares and other stocks strengthened accordingly. At the same time, the performance of the lithium battery plate is also very active, with Sinopec, Yongtai Technology and Lin Yang Energy sealing the trading board, and the lithium plate is thriving again.
In the medium to long term, the lithium sector is a long-term bullish sector. Although the stock prices of related companies fluctuated too much due to high market expectations, there is no doubt that the lithium sector will continue to improve in the future, driven by policies and the general environment.
Prior to the adjustment of the new energy sector on September 1, some industry insiders said that the lithium battery industry as a whole is still likely to maintain rapid growth in the next 1-2 years, although it has continued to consolidate recently due to the rapid increase in the previous period since the third quarter. However, taking into account the prosperity of the industry and valuation to 2022 switch, the current position of lithium battery leaders still have a relatively good performance-to-price ratio.
It is worth mentioning that many people in the industry believe that the current core growth point of the lithium plate lies in lithium mines, and open source securities also say that supply and demand for lithium resources is tight this year, and downstream procurement demand continues to be exuberant, making the "lack of lithium" a rigid problem that is difficult to solve. On the supply side, short-term increment is given priority, and tension will continue in the future.
Take spodumene concentrate (6% CIF China) as an example, affected by factors such as the continued tightening of the supply side and the historic high price of spodumene auctioned by Australia's main lithium mine Pilbara, the spot price of spodumene concentrate averaged $950 / tonne as of Sept. 2, up 127.5% for the year.
"Click to view the spot market of SMM metal.
