Lithium carbonate rose another 6000 yuan today! Quotations for precursors and ternary materials continue to rise [SMM Express]

SMM February 10: according to the spot price of SMM, the spot price of battery-grade lithium carbonate rose to 380000-388000 yuan / ton today, with an average price of 384000 yuan / ton, a daily increase of 6000 yuan / ton.

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Spot quotations for battery-grade lithium hydroxide rose Synchronize to 31.4-323000 yuan / ton, and the average price rose 8000 yuan to 318500 yuan / ton, a daily increase of 2.58 percent.

At the same time, the prices of ternary precursors and ternary materials also continue to rise. Take ternary precursors (523 / consumption) as an example, it has recorded a rise for the fourth trading day in a row this week, rising 1500 yuan / ton today and offering 13.7-140000 yuan / ton. The average price is 138500 yuan / ton.

Ternary materials (523 / consumption) have also continued to rise since January 19. as of February 10, their spot quotations ranged from 29.5 to 304000 yuan per ton, with an average price of 299500 yuan per ton.

For the reasons for the recent rise in lithium carbonate prices, SMM research shows that from the supply side, in February, the domestic supply side is still affected by the maintenance of lithium salt enterprises, and so on. On the demand side, due to the Spring Festival production reduction and raw material shortage, the domestic lithium iron phosphate plate has significantly reduced production, and the production of ternary and lithium cobalt has also been reduced, resulting in a 16% drop in demand for lithium carbonate in February. The market supply gap has also been reduced to about 15% from 28% in January, and the gap is still there, so the price of lithium carbonate is still on the rise after the holiday. "View details

Lithium hydroxide, SMM research shows that this week is the first week after the festival, some downstream enterprises on the rising lithium prices in a wait-and-see state, trading volume is less, but in February and March mainstream material manufacturers still have replenishment demand, lithium hydroxide prices are expected to rise in the future. "View details

It is worth mentioning that recently, the Chilean Constituent Assembly initially adopted a proposal aimed at promoting the nationalization of copper, lithium and other strategic assets. For a time, there has been a lot of discussion about the supply and demand pattern of lithium resources in China. According to SMM estimates, China's lithium carbonate market will be difficult to balance in the next five years. China's lithium carbonate supply is limited by overseas resource capacity from 2021 to 2022, and there will be a supply shortfall of about 7 per cent in 2022, with annual average prices rising sharply. With the gradual strengthening of overseas resource control, China's resource supply will also face risks and challenges in the future. "View details

Anxin Securities pointed out that the impact of Chilean lithium mine nationalization on existing capacity planning may be limited, and it may have an impact on future capacity planning, resulting in increased uncertainty in the global salt lake lithium mine supply.