SMM February 9: according to the spot price of SMM, the spot price of domestic battery-grade lithium carbonate is 37.4-382000 yuan / ton today, with an average price of 378000 yuan / ton, up 6000 yuan / ton from yesterday, or 1.61%.
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Battery-grade lithium hydroxide is not willing to lag behind. After breaking through the 300000 yuan mark yesterday, its spot price rose more than today, breaking through 310000 yuan again to 310500 yuan / ton, up 6000 yuan / ton from yesterday, or 1.97%.
At the same time, the spot price of lithium metal, which rose 30, 000 yuan in the previous trading day, rose again today to 19, 7-2.03 million yuan / ton, with the average price rushing to 2 million yuan / ton, up 40, 000 yuan / ton from yesterday, or as high as 2.04%.
The average price of spodumene concentrate (6% Jing CIF China) rose 55 U.S. dollars today to 2635 U.S. dollars per ton, up 2.13 percent from yesterday.
On the news side, last night, China Mineral Resources and Ganfeng Lithium Industry both released news about the layout of lithium mines. In order to increase the company's lithium ore resources reserves and increase the raw material self-sufficiency rate of lithium salt business, China Mineral Resources announced that the company's wholly-owned subsidiary China Mining (Hong Kong) rare Metals and African Metals Management Services Ltd (hereinafter referred to as "AMMS") and Southern African Metals & Minerals Ltd (hereinafter referred to as "SAMM") signed a "share and debt Sale Agreement". Rare Minerals of Hong Kong plans to acquire a combined 1 African Minerals Ltd (stake held by AMMS and SAMM at a benchmark consideration of US $180 million in cash.) 100% stake in the underlying transaction and 2 Amzim Minerals Ltd () 100% stake in the underlying transaction hereinafter referred to as "Amzim").
It is reported that Afmin and Amzim, the subject of the transaction, hold a combined 74% interest in Bikita. Bikita's main assets are the Bikita lithium project in Zimbabwe, which has a mineral processing capacity of 700000 tons per year. At present, Bikita is implementing internal restructuring and share buyback cancellation. If the final internal restructuring of Bikita is approved by the government, China Mineral Resources will hold 99.05% of the equity and related claims of Bikita; if the final internal restructuring of Bikita is approved by the government and the share buyback cancellation is completed, the company will hold 100% of the equity and related claims of Bikita. Public data show that the Bikita lithium mine project is in the production stage, and the cumulative amount of lithium mineral resources discovered in the Bikita lithium mine is 29.414 million tons of ore. "View details
Ganfeng Lithium Industry said that the company and its wholly-owned subsidiary Ganfeng International have signed a "Cooperation Agreement" with PMI, under which PMI will provide Ganfeng Lithium Industry with spodumene underwritten in the Mt Marion spodumene project and processed into lithium compound products agreed by both parties, and Ganfeng Lithium Industry will be responsible for sales.
Recently, Ganfeng Lithium Industry was informed by RIM that the management of RIM is considering the technical transformation and expansion of the production capacity of the MtMarion spodumene project by optimizing the production process and developing contact minerals. The expansion project is initially expected to be put into production in the second half of 2022, and the original production capacity is expected to increase by 10-15%. In addition, the production capacity of contact mines will be increased, and it is expected that the production capacity will be increased by 10-15%. The specific scale depends on the results of process optimization and the actual situation of contact mines. "View details
Such two pieces of news about the layout of lithium mines have been thrown down, adding another fire to lithium-related stocks at a time when lithium mines are becoming more and more hot. China Mineral Resources directly opened the trading limit, and Ganfeng lithium industry also turned red smoothly after falling for several trading days, and finally closed up 2.96%.
On the same day, Tianhua Chaojing also planned to increase the layout of battery-grade lithium hydroxide and proposed to raise no more than 4.6 billion yuan. It will be used in the construction project of Sichuan Tianhua Lithium Energy Co., Ltd. with an annual output of 60, 000 tons, Yibin Weineng Lithium Industry Co., Ltd., the first phase of 25000 tons of battery-grade Lithium hydroxide project, the acquisition of 7% equity and supplementary liquidity of Yibin Tianyi Lithium Industry Science and Technology Co., Ltd.
As for the future trend of lithium hydroxide, according to SMM's previous research, on the supply side, lithium hydroxide manufacturers entered the maintenance period in January, the supply significantly reduced, while the production line is still in the climbing period, the supply increment is limited. At present, due to the continuing shortage of lithium carbonate, causticizing manufacturers lack of raw materials to maintain a low supply. SMM expects that the lithium hydroxide market supply will still be affected by maintenance in February, and lithium hydroxide production is expected to decrease by 9.6% month-on-month in February 2022. "View details
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