SMM12 March 7: since December 3, the share price of Tianqi Lithium Industry has risen sharply, reaching a record high of 29.64 yuan since mid-late July. As of today, it closed up nearly 5 percent, with a total value of 42.19 billion yuan.
On the news side, Australia IGO Ltd. It is considering buying a stake in the Greenbushes lithium mine from Tianqi Lithium and the two sides are in late-stage talks on a potential deal worth more than A $2 billion.
According to SMM research, the price of battery-grade lithium carbonate has shown an overall upward trend since the end of July. as of today, the average price of battery-grade lithium carbonate is 44500 yuan / ton, up 4750 yuan / ton from the lowest level since the beginning of the year, an increase of about 12%. As for industrial-grade lithium carbonate, the price has been rising continuously since September. As of today, the price of industrial-grade lithium carbonate is 41000 yuan / ton, up 6000 yuan / ton from the lowest level since the beginning of the year, or 17.14%.
Average price of lithium carbonate
"Click to view the historical price of SMM cobalt lithium
SMM believes that lithium carbonate prices bottomed out in the fourth quarter of 2020 and continued to rise in the first quarter of 2021, and the increase in supply may affect small price fluctuations.
Citic Construction Investment said that the start-up of lithium iron phosphate manufacturers continued to improve, and the demand for raw materials increased. At the same time, the construction of ternary materials, lithium cobalt and lithium manganate manufacturers also gradually rebounded this month, and the price of lithium carbonate continued to rise driven by terminal demand. It is recommended to pay attention to Ganfeng lithium industry, Tianqi lithium industry and other stocks.
[SMM Analysis] Lithium carbonate prices soar and lithium battery plates are expected to rise slowly next year.
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