[hot stocks] Lithium Battery concept stocks strengthen the limit of blue lithium core

SMM1 March 27: today, the lithium battery concept unit continues to be active, the blue lithium core pulls up the sealing plate, Shengxin lithium energy, Yiwei lithium energy, China Mineral Resources, Tianqi lithium industry and so on strengthen in the afternoon.

Recently, Azure Lithium Core issued a performance forecast for 2020, and the net profit attributed to shareholders of listed companies in 2020 is expected to be 260 million yuan to 290 million yuan, a year-on-year increase of 121.07% 146.57%. Mainly because:

In 2020, with the fact that the performance of domestic battery has reached the level of international counterparts, it has been confirmed by downstream customers that the cost advantage of domestic battery makes domestic substitution become a trend. Superimposed by epidemic factors, the demand for overseas DIY-level power tools is growing rapidly, and China is the first major economy to restore the supply chain, resulting in a continuous shortage of domestic power cells. Jiangsu Tianpeng Power supply Co., Ltd., a wholly owned subsidiary of the company, as a leading enterprise in the domestic replacement of lithium battery batteries for power tools, has maintained rapid growth in production, marketing and profits, and has become the largest source of profits for the company.

As the demand for lithium batteries continues to increase, driving the upstream cobalt lithium raw material market, lithium, according to the SMM quotation, the price of lithium carbonate has been rising recently. As of today, the price of battery-grade lithium carbonate is 69000 yuan / ton, up 30.19% from January 4. SMM believes that the supply of battery-grade lithium carbonate is in short supply, lithium salt factories have stopped production and maintenance one after another, and there are still some large material factories that have not yet replenished their inventory, and the spot price in the market still has an upward trend. As for cobalt, as of today, the price of electrolytic cobalt is 307500 yuan / ton, up 12.23% from January 4. According to SMM, the futures market is slightly pullback and consolidation, traders are more willing to ship, a few orders are signed, raw material inventory and cost support, and prices are slightly upward.

"Click to view the spot historical price of SMM cobalt and lithium industry chain.