[hot stocks] Lithium battery stocks strongly boost short-term battery-grade lithium carbonate prices or continue to rise

SMM1 March 20: today, lithium battery stock prices strengthened again, Xiangtan electrification and other stock prices rose by the limit, German Nano rose nearly 18%, Fengyuan shares, Ningde era, Dangsheng Technology and other stocks rose. The share price of the new energy sector also rose again, BAIC Blue Valley, Suo sensor limit, Jiangling Motor, well-off shares, Jianghuai Automobile and other stocks rose.

Individual stock performance

German Nano announced that after equal and friendly consultation between the company, Ningde Times New Energy Technology Co., Ltd. and the people's Government of Jiang'an County, and in accordance with the principle of mutual benefit and common development, the company, Ningde Times and the people's Government of Jiang'an County signed the Investment Agreement on the Project of Lithium Iron Phosphate with an annual output of 80,000 tons in Jiang'an County, Yibin City, Sichuan Province, agreeing to invest in the construction of the Project with an annual production capacity of 80,000 tons of Lithium Iron Phosphate in Jiangan County, Yibin City, Sichuan Province. The total investment of the project is about 1.8 billion yuan.

Previously, Fengyuan said in an interactive exchange with investors that the company has covered two mainstream products, lithium iron phosphate LFP and ternary material NCM, which can be widely used in power batteries, energy storage, consumer lithium batteries and other emerging fields; the ongoing high-nickel ternary construction project will significantly enhance the company's first-mover advantage in the field of high-performance and high value-added cathode materials. In addition, the company expects to have a production capacity of 25000 tons of cathode materials after the completion of this refinancing project, which will have a strong capacity advantage in the lithium cathode material supply chain industry at home and abroad.

Xiangtan Electrochemical Technology Co., Ltd. recently received notice from Hunan Yuneng New Energy Battery Materials Co., Ltd., a shareholding company, that Hunan Yuneng has completed the capital increase recently. its registered capital has been changed from "two hundred ninety-nine thousand and thirty-three hundred yuan" to "Wu Yilu thousand and thirty-nine thousand thousand eight hundred yuan". Hunan Yuneng's capital increase price is 3.3419 yuan per share, including Ningde Times New Energy Technology Co., Ltd., BYD Co., Ltd. and other strategic investors and employee shareholding platforms to increase capital in cash, with a total capital increase of 648 million yuan. Jingxi Xiangtan electrified New Energy Materials Co., Ltd. ("Jingxi New Energy") all shareholders with 100% equity stake in Jingxi New Energy to increase capital, the amount of capital increase is 250 million yuan.

Due to the improving demand of lithium battery and new energy automobile industry, it drives the demand of upstream raw materials. According to SMM research, the price of battery-grade lithium carbonate has continued to rise since November 2020. as of yesterday, the average price of battery-grade lithium carbonate was 64500 yuan per ton, up 55.42 per cent from November 2. SMM believes that the demand growth point of the lithium industry in the future mainly comes from the lithium battery industry. With the continuous increment of the downstream market in 2021, the demand for lithium carbonate in the lithium battery industry will increase, and the tight supply structure may continue. It is expected that the price of battery-grade lithium carbonate will continue to rise in the short term.

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