[Shengxin Lithium Energy: $76.5 million acquisition of overseas Lithium Mine projects] on November 3, Shengxin Lithium Energy announced that its subsidiary, Shengyi International, plans to buy a 51% stake in MaxMind Hong Kong for US $76.5 million. The MaxMind Hong Kong subsidiary has mining warrants for a total of 40 rare metal blocks with a total area of 2637 hectares located in Sabixing Lithium-Tantalum Mine in Zimbabwe, of which 5 mining concession blocks (covering an area of 116ha) have been explored, and their lithium ore resources have the potential for further growth and are conducive to further ensuring the supply of raw materials for the company's lithium business.
[Zijin Mining: uncertainty about the success of the agreed acquisition of New Lithium] on November 3, Zijin Mining said on the interactive platform that it signed an "arrangement Agreement" with New Lithium on October 8, 2021, Toronto time, Canada, to acquire all issued and outstanding common shares of New Lithium in cash at a price of 6.50 Canadian dollars per share. The transaction value is about 960 million Canadian dollars (about 4.939 billion yuan). This acquisition still needs to be examined and approved by the special shareholders' meeting of Xinli Company, and there is uncertainty about the success of the agreed acquisition.
[Galaxy Securities: the global new energy vehicle enters a new growth stage, the power battery ushered in a second expansion tide] Galaxy Securities pointed out that the global new energy vehicle has entered a new growth stage, and the power battery has ushered in a second expansion tide. Domestically, since the second half of 2020, China's new energy vehicle market demand has shifted from policy-driven to market-oriented, and it is expected that new energy vehicle sales will maintain high growth during the 14th five-year Plan period. Overseas, the electrification process in Europe is accelerated, and the intention of lithium power expansion is clear. It is estimated that by 2025, the production capacity of the world's major power battery factories will increase by about 1400GWH compared with the end of 2020, with an average annual increase of 280GWH, corresponding to an average annual market size of 300-40 billion yuan for lithium-ion equipment from 2021 to 2025, with an average annual compound growth rate of 40%. As for the company, we recommend the leading intelligence and suggest to pay attention to Hangke science and technology.
[car Association: preliminary estimate that overall retail sales fell 12% in October compared with the same period last year] data from the car Association show that retail sales in the fourth week of October reached an average daily average of 94000 vehicles, down 15% from the same period last year, and the performance was relatively weak. It is down 8% from the fourth week of September. According to a preliminary estimate, the overall decline in October was 12% compared with the same period last year, and the retail trend was relatively flat. The epidemic in October has repeatedly brought some consumption interference, but it has little impact at present. The transformation of consumer policy reduces household costs and is conducive to the recovery of the car market. Consumer demand for vehicles continues to pick up, allowing sales of less intelligent models, especially those of joint ventures, to pick up further.
In late October, the European Automobile Manufacturers Association ((ACEA)) and 11 other industry associations issued a stern warning of magnesium supply shortages: "stocks of magnesium materials in Europe are expected to be exhausted by the end of November, with production disruptions, business closures and job losses."
[the profitability of the automotive industry faces multiple challenges] since the beginning of this year, the rising cost of power battery raw materials and the shortage of car chips have delayed the car pick-up cycle, which in turn has led to a decline in production and sales and pressure on profits. According to data compiled by the China Association of Automobile Manufacturers, profits in the auto industry grew by less than 2% in the first three quarters compared with the same period last year, and profits are expected to show negative growth after October. Recently, many consumers are worried about whether the cost pressure on car companies will be transferred to consumers. Learned from a number of 4S stores, the automobile manufacturing industry chain is long, the cost rise can be digested, will not pass on the pressure to consumers by raising the terminal consumer price for the time being, but the recent sales discount has been reduced.
Related reading: what is the most profitable thing in the lithium industry? The three quarterly reports of 23 enterprises have increased the performance of this company by 50 times compared with that of this company. [special topic on SMM]
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