According to data released by SMM, the price of battery-grade lithium hydroxide for lithium battery materials rose 4000 yuan per ton yesterday to 486500 per ton, up 62.98 per cent from after the Spring Festival, or nearly 63 per cent.
Brokerage research and newspaper analysis pointed out that in the short term, the lithium market is still tight, downstream demand is strong, driving lithium prices steadily upward. In the medium term, the upstream lithium mine development cycle is long, and the supply shortage pattern is expected to be difficult to change in the next 2-3 years. Downstream electric vehicles and energy storage have accounted for more than 60% of lithium demand. With the high growth of downstream demand, the lithium industry is expected to achieve high growth.
According to the theme database of the Financial Associated Press, among the relevant listed companies:
Tianyi Lithium Industry, jointly funded by Tianyi Lithium Industry and other enterprises, has completely released the capacity of the first phase of the battery-grade lithium hydroxide project, and after all the expansion projects have reached production capacity, Tianyi Lithium Industry will have a total production capacity of 160000 tons of battery-grade lithium hydroxide products per year.
Shandong Fengyuan Lithium Energy Technology Co., Ltd., a wholly-owned subsidiary of Fengyuan Co., Ltd., signed an Investment Agreement with the people's Government of Yuxi City, which mentioned that the people's Government of Yuxi City should support Party B to participate in bidding in accordance with regulations to obtain exploration rights and mining rights for clay lithium ore and other mineral resources, and to protect the company's lithium battery cathode materials and related resources such as lithium ore for supporting projects in accordance with the law.
