SMM survey: what kind of metal do you like most in 2022?
SMM, Dec. 17: recently, with the approach of the New year, enterprises are in a strong mood of stock preparation, while the demand for new energy vehicles continues to rise, the prices of lithium battery-related raw materials remain high. At the same time, enterprises related to the lithium industry chain have also begun to expand their layout in the grid plate, and even many enterprises "cross-border" layout of lithium business. Chinalco International is one of them.
Since December 10, the stock price of Chinalco's international A shares has recorded five consecutive boards. Although the company has issued public announcements on share price changes many times, it has repeatedly stressed that the company's lithium-related business accounts for a relatively small proportion of its operating income, and the company does not directly produce lithium, but it still can not stop its share price from rising.
Back on December 10, when Chinalco's international Hong Kong shares rose more than 90% in intraday trading, A shares rose by the limit, and the market was generally believed to be spurred by the company's mention of salt lake lithium extraction technology and the rise in the price of lithium raw materials. However, Chinalco replied that the company itself does not directly produce lithium, but only provides lithium companies with technology to extract lithium from salt lakes.
Previously, Chinalco International mentioned on the interactive platform that the company's salt lake lithium extraction technology is a smelting technology for extracting lithium metal from mineral salts, using the world's advanced salt lake lithium extraction process of ion selective migration to synthesize lithium carbonate. the company's engineering and technical service capability is in the leading position in the industry.
But in the final analysis, Chinalco is still not a real manufacturer of lithium materials. According to public data, Chinalco's main business is engineering design and consulting, engineering and construction contracting, equipment manufacturing and trade, does not involve investment related to lithium extraction from salt lakes, does not directly produce lithium materials, and only provides technical design and consulting and engineering construction services for lithium production enterprises. As of September 30, 2021, the company's lithium-related orders accounted for about 1.99% of the company's total orders-on-hand. From the first to the third quarter of 2021, Chinalco's international lithium-related business accounted for about 0.19% of business revenue, and the overall revenue accounted for relatively small.
It turns out that although Chinalco has repeatedly stressed that it does not produce lithium directly, investor enthusiasm continues unabated. Since December 10, when the company's share price income changed, Chinalco's international A share price has risen as much as 46.29% in just five trading days up to December 16, and has won five consecutive boards in a row.
On the evening of December 16, Chinalco International again issued a stock price change announcement to emphasize that the company's main business has not changed, and that in the first three quarters of 2021, the company's cumulative return net profit was negative, and the company's lithium-related business accounted for a relatively small proportion of the total operating income and did not have a significant impact on the company's performance.
With the recent sharp fluctuations in Chinalco's stock price, it is not difficult to see that the law of "rising with lithium" is still valid today. Recently, according to SMM research, near the New year and Spring Festival, downstream stock mood gradually increased, in addition, lithium iron phosphate substantial expansion led to the upstream raw material lithium carbonate procurement into the "volume state", there is no lack of high price locking situation, therefore, SMM expects that the above factors will drive the mainstream trading price of lithium rising in the future. "View details
As of December 17, the average spot price of domestic battery-grade lithium carbonate was 236000 yuan / ton, up 183000 yuan / ton or 345.28% compared with the beginning of the year.
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The rise in Chinalco's international shares was suspended today, and Chinalco's A shares rose 5.67% to 7.08 yuan by midday.
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