[lithium supply faces new pressure Chilean lawmakers ask the court to terminate tenders for 400000 tons of lithium mining contracts] Chilean lawmakers have applied to the House of Representatives for an injunction aimed at preventing the outgoing government from accepting bids for lithium mining contracts. The lawmaker said that lithium is a strategically important natural resource and that the current government is putting the interests of the country as a whole at risk. Chile announced in October last year that it would provide five quotas of 80, 000 tons to domestic and overseas companies, totaling 400000 tons of exploration and production contracts, and the winning bidder would be given seven years of exploration and development projects and 20 years of production time. the bid will end in mid-January.
[Songdu shares: currently does not have the personnel, technology, equipment and resources to develop the lithium industry] Songdu shares issued a stock price change announcement, currently does not have the personnel, technology, equipment and resources to develop the lithium industry, and has not signed the relevant investment agreement. The lithium industry is a resource-intensive and talent-scarce industry, which requires a high cost of investment and a certain degree of uncertainty in valuation. Its operation may face the influence of industry environment, macro-economy, market changes and other factors, and there is great uncertainty.
[Jinyuan shares: the subsidiary intends to invest 800 million yuan in the construction of the Lxxxxxxxxxxxxxxxxxx Qiancuo salt lake 10,000 ton lithium salt project] Jinyuan shares announcement, the company's holding subsidiary Liyuan Mining intends to invest 800 million yuan to build the "LXXXVI Qiancuo Salt Lake 10,000 ton Lithium Salt Project" in Ali, Tibet, the project will be built from December 2021 to December 2022.
[Zhejiang Fu Holdings: at present, the company is actively laying out the field of waste liquid and residue disposal produced after power battery recycling and disassembly] Zhejiang Fu Holdings said on the interactive platform that at present, the company is actively laying out the field of waste liquid and waste residue disposal produced after power battery recycling and disassembly. At the same time, the production lines of lithium battery materials for power vehicles approved by the company include 15000 tons / year of refined nickel sulfate, 15000 tons / year of refined cobalt sulfate and 790 tons / year of lithium carbonate. Up to now, the refined nickel sulfate production line has been put into production, and the cobalt sulfate production line is still under construction.
[Grimmei: the company has no lithium mine acquisition plan] Grimmy said on the investor interactive platform on January 4 that the company's lithium carbonate production line is currently in the stage of trial production. The raw materials needed for the project mainly come from all kinds of recycled lithium batteries. For more information about the project, you can follow the previously disclosed "notice on signing with Jingmen Municipal Government the investment cooperation agreement on the construction of a demonstration park for new energy materials, circular economy and low-carbon industry, as well as projects such as new energy materials and comprehensive treatment of industrial solid waste". The initial production capacity of the project is planned to be 15000 tons / year, and if there is a production expansion plan in the later stage, it will be announced in time. At present, the company has no plans to acquire lithium mines for the time being.
[CICC: 2022 lithium plate investment focuses on "sustainable growth capacity"] China International Capital Corporation believes that the overall valuation of the lithium industry is on the low side, and lithium plate investment in 2022 focuses on "sustainable growth capacity". After the previous adjustment, we assume that the average price of electric carbon in 2022-2023 is 200000 yuan / ton, and the average PE of the corresponding lithium plate in 2022-2023 is 30x and 22x, respectively, which is significantly lower than the high-growth track where the lithium demand CAGR is as high as 38% in 2021-2025. Given that lithium prices are already high, the sensitivity of sector valuations to price increases has decreased, and the excess earnings of the lithium sector in 2022 will come from sustainable growth capacity to digest the company's short-term valuation and improve its long-term valuation. Companies with the ability of sustainable growth need to meet three major conditions: the first is governance mechanism and entrepreneurship, the second is internalized industrial capacity, and the third is strong investment and financing capacity.
Related readings:
Lithium carbonate soared 10,000 yuan / ton today! Metal Lithium adds another 60, 000 strong upstream [SMM Express]
2021 performance pre-increase of more than 2188%! " Stimulated by lithium electroheating, the share price of Mount Qomolangma in Tibet has soared by more than 270% this year.
The prices of 14 kinds of lithium materials in 2021 are up more than 400% this year!
How long will the price of "Grandma Cobalt and Grandpa Lithium" reach a new high of three years in 2021? [SMM Annual Review]
2021 Cobalt Lithium Mineral contention Fengyunlu Enterprises contend for Lithium Mine has involved more than 40 billion! [annual Review]
China's output of lithium cobalt oxide in 2021 is about 86000 tons higher than the same period last year. 14.7% year on year [SMM annual production inventory]
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