"if you touch lithium, it will go up"! Tianqi shares rose more than 28% in four days, which contributed to the two news.

SMM June 29th: today, after yesterday's shock upward, Tianqi shares successfully hit the limit board shortly after the opening of the day. Although there were occasional shocks in the session, they finally rose 10.03% to 13.05 yuan per share, achieving a brilliant record of nearly 28% in four days.

On the news, on June 23, Tianqi released its first-half announcement, saying that thanks to the development of the domestic new energy vehicle industry, the strong demand for power battery materials led to a rise in the price of cobalt, lithium and other metals, and the company's gross profit increased. As a result, the company is expected to make a net profit of 7500-8500 yuan in the first half of 2021, an increase of 562.02% Murray 650.29% over the same period last year.

As soon as the news came out, the share price of Tianqi shares began to rise steadily on June 24. On the evening of June 28th, Tianqi shares dropped another blockbuster, announcing that the company and its subsidiaries planned to purchase about 397.34 mu of land in the Longnan Economic Development Zone. In the next five years, the company will plan to invest mainly in waste lithium battery raw materials, forming a production project with an annual output of 30, 000 tons of ternary precursors and 12000 tons of battery-grade lithium carbonate, with a total investment of 5 billion yuan.

After the announcement fermented, today's opening, Tianqi shares in a short period of shock quickly sealed the limit board, it can be described as a typical example of "lithium on the rise".

It is worth mentioning that the recycling of decommissioned batteries has been paid more and more attention with the arrival of the stage of large-scale decommissioning of power batteries in China. Some institutions predict that the cumulative decommissioning of power batteries in China will reach 90.5GWh from 2020 to 2022 alone.

While decommissioned batteries contain a large number of heavy metals that pose a serious threat to the environment, superimposed on the premise of limited lithium resources, it is urgent to speed up the recycling of decommissioned power batteries. It is not difficult to see from Tianqi's announcement that the company's way of recycling power batteries is to recover elements, extracting cobalt, nickel, manganese, lithium and other heavy metal elements contained in ternary lithium batteries and lithium iron phosphate batteries, and finally achieving the goal of producing 30, 000 tons of ternary precursors and 12000 tons of battery-grade lithium carbonate per year.

According to SMM research, the price of ternary precursors has risen recently due to a continuing shortage of nickel salts, while the price of battery-grade lithium carbonate has fallen slightly due to the recent increase in supply. "View details

As of June 29th, the spot quotation of SMM shows that the average price of ternary precursor (523 / power) is 105000 yuan / ton, up 1000 yuan / ton from yesterday, while the average price of battery-grade lithium carbonate is 87500 yuan / ton, which is the same as yesterday.

"Click to see more SMM metal spot prices.