Lithium carbonate is on the rise! Today, it rose another 5000 yuan to 313000 lithium hydroxide and continued to rise [SMM Express]

SMM, Jan. 11: with the approach of the Spring Festival, lithium salt prices continue to rise under the background that lithium salt production is reduced due to overhaul by lithium salt manufacturers, but downstream stock demand is strong. According to the spot price of SMM, the latest data as of January 11 show that the average spot price of domestic battery-grade lithium carbonate rose to 313000 yuan / ton, rising another 5000 yuan / ton today after rising 6000 yuan for two consecutive days, which seems to have slowed down slightly.

"Click to view the spot market of SMM new energy products.

According to statistics, since January, the average spot price of lithium carbonate has risen 12.59%. Some people in the industry said that the situation of the cathode material factory did not change much in January, and the supply of goods in the market was on the low side, which will continue to push up the price of lithium salt. It is expected that battery-grade lithium carbonate will exceed 350000 yuan / ton before April.

Recently, while the price of lithium carbonate continues to rise, the rising mood of battery-grade lithium hydroxide is also very serious. Today, lithium hydroxide rose again by 5000 yuan / ton to 253500 yuan / ton, a cumulative increase of 13.93% since January.

The recent performance of lithium metal is also very eye-catching. Today, the average spot price rose 30, 000 yuan a day to 1.575 million yuan / ton, a cumulative increase of 12.9% since January.

For the future lithium resources market, Guosheng Securities commented that some manufacturers shut down for maintenance at the end of the year, lithium carbonate production declined for nine consecutive weeks, and the gap between supply and demand is still widening. Lithium hydroxide inventory has continued to decline since the beginning of the year, new energy vehicle retail and cathode material scheduling show that the demand side remains high in November, and it is expected that the gap between supply and demand will gradually enlarge by the middle of next year, so maintain the bullish view of lithium price.

Guojin Securities even boldly predicted that the current increment of lithium carbonate production is quite limited, but the demand increment is sufficient, and the price of lithium carbonate is likely to rise to 500000 / ton in the future.

It is worth mentioning that, unlike the rising spot market prices of lithium salt, the performance of lithium electricity plate appears to be some "ups and downs". Huaan Securities commented that the short-term adjustment of the lithium plate is mainly trading, New year style and other capital behavior, not fundamental changes. In the medium and long term, the lithium industry still maintains a high level of development and is still the best investment track.

And in the context of the soaring price of lithium carbonate, a large number of enterprises around this area of production expansion behavior is also endless. Yongxing also said on the interactive platform that the company's resource reserves can guarantee the annual production capacity of 30,000 tons of battery-grade lithium carbonate after the second phase is put into production.

China Mineral Resources also admitted that the company has completed the expansion of the LiF technical renovation project to 6000 tons / year by the end of 2021. And the technical renovation and restoration project of spodumene mining and separation system with an existing capacity of 120000 tons / year in the TANCO mine in Canada was officially put into production on October 15, 2021, and now it has basically reached production.