SMM Feb. 14: today, the prices of lithium-related products are rising again, with battery-grade lithium carbonate and lithium hydroxide both rising 10, 000 yuan a day. The spot price of battery-grade lithium carbonate was 400000-404000 yuan / ton, and the average price successfully exceeded 400000 yuan / ton to 402000 yuan / ton, a daily increase of 2.55%.
"Click to view the spot historical price of SMM new energy products.
After rising 10000 yuan today, the price of battery-grade lithium hydroxide rose to 339-348000 yuan per ton, with an average price of 343500 yuan per ton, a daily increase of as much as 3 percent. The metal lithium, after rising 30, 000 yuan in the previous trading day, recently rose another 30, 000 yuan, with an average price of 2.06 million yuan / ton.
As for the trend of lithium carbonate prices in the future, SMM believes that although the supply of lithium carbonate falls short of demand in the current market, there is still a supply gap of about 15% in the market, which is also the reason why lithium carbonate prices are still rising after the Spring Festival. Considering that the demand for replenishment by enterprises is still there in February-March, SMM expects the price of lithium carbonate to continue to rise due to shortages. "View details
In terms of electrolytic cobalt, after rising 12500 yuan to break through the price of 510000 yuan per ton in the previous trading day, electrolytic cobalt broke through the 520000 yuan mark again at 523500 yuan / ton today.
SMM believes that the reason for the recent continuous rise in electrolytic cobalt prices, from the supply side, since last year, due to the heat of the cobalt salt market, most manufacturers have reduced their electric cobalt production to join the cobalt salt race track, and the supply has continued to decrease. Recently, the alloy end demand is good, the purchase intention is strong, and the combined effect of a variety of factors has led to a significant increase in electrolytic cobalt prices in recent days. "View details
On the news side, in response to a series of rumors emerging one after another on the current online platform about the Ningde era being sanctioned by the United States, being removed from the gem weight index, and talking about collapse with Tesla, the official account of Wechat in the Ningde era launched a heavy blow and issued a solemn statement, saying that the case has been formally reported to the public security organs and will be held legally responsible for the rumor mongers.
After the news of refuting the rumors was released, the share price of Ningde Times successfully rebounded today. by the close, Ningde Times had risen 3.68% to 508 yuan per share, successfully standing at the 500 yuan mark. In addition, Ningde Times also said that Sichuan Times New Energy Resources Co., Ltd. signed a joint venture agreement with Ganzi Prefecture Investment Group, Yibin Sanjiang Huida Company and Sichuan Tianfu Mining Company in Chengdu to speed up the exploration and development of lithium resources in the province and increase the supply of lithium resources.
Driven by a series of market news, the lithium battery sector also fluctuated and strengthened after two trading days, but failed to stabilize the previous rally, down 0.01%.
It is worth mentioning that discussions on lithium resources have been high at present, spurred by the recent news that Chile's Constituent Assembly initially passed a proposal to promote the nationalization of copper, lithium and other strategic assets. Citic Securities pointed out in the latest research report that the disturbance in Australian lithium production continued, and lithium production declined month-on-month in the fourth quarter of 2021. Lithium mine prices are expected to exceed $3000 a tonne in the first half of 2022.
