On February 17, lithium mining and lithium extraction from Salt Lake rebounded sharply, Tianqi Lithium Corporation(002466) , Yongxing Special Materials Technology Co.Ltd(002756) , Sinomine Resource Group Co.Ltd(002738) rose by the limit, Ganfeng Lithium Co.Ltd(002460) , Suzhou Ta&A Ultra Clean Technology Co.Ltd(300390) , Youngy Co.Ltd(002192) rose by more than 6%.
Industry insiders said that after the price of battery grade lithium carbonate exceeded 400000 yuan / ton, the industrial chain was still smooth, and the terminal acceptance changed from the attempt to struggle years ago to gradual acceptance. Under the background of further improving the penetration rate of new energy vehicles, lithium mining companies have accelerated the development of lithium resources, and companies in downstream cathode materials, cathode materials, electrolyte and other fields are busy with investment and expansion.
the terminal gradually accepts the price increase
Shanghai Nonferrous Metals network data show that after the Spring Festival, the price of battery grade lithium carbonate accelerated upward. On February 14, the average price rose by 2.55%, exceeding 400000 yuan / ton; On February 17, the average price was reported at 430000 yuan / ton
Price trend of battery grade lithium carbonate
Source: Shanghai Nonferrous Metals network
Guotai Junan Securities Co.Ltd(601211) said that after the price of battery grade lithium carbonate exceeded 400000 yuan / ton, the cost transmission was still smooth. At present, the lithium salt inventory of cathode material factory is about 2-3 weeks, and the middle and downstream manufacturers are still actively preparing goods.
According to the data of China automotive power battery industry innovation alliance, in January, China Shipbuilding Industry Group Power Co.Ltd(600482) battery output totaled 29.7gwh, a year-on-year increase of 146.2% and a month on month decrease of 6.2%.
Baichuan Yingfu said that some lithium carbonate manufacturers have entered the maintenance stage, the output has been reduced, and there are no large shipments on the market. At present, most manufacturers maintain their old customers, and there is no redundant supply, so the tight supply situation is difficult to alleviate.
At the same time, the supply of lithium resources is not optimistic. Guotai Junan Securities Co.Ltd(601211) said that previously, the market was worried that lithium mica might disturb the supply side this year. However, the research found that this year’s lithium mica increment and production progress were lower than market expectations. For the whole year, the global lithium supply is expected to be about 770000 tons of LCE (lithium carbonate equivalent) in 2022, with an increase of about 215000 tons of LCE; The 215000 tons of LCE is only equivalent to the power battery output of 260gwh-300gwh downstream, which is easily digested by the explosive demand.
listed companies “running” to expand production
Under the background of strong demand and rising prices, upstream lithium mining companies accelerated the development of lithium resources.
On the evening of February 16, Yunnan Yuntianhua Co.Ltd(600096) , Yunnan Energy New Material Co.Ltd(002812) , Eve Energy Co.Ltd(300014) and Zhejiang Huayou Cobalt Co.Ltd(603799) controlling shareholder Huayou holdings signed a cooperation agreement with Yuxi City. It is planned to build new energy battery, lithium battery isolation film, iron phosphate, lithium iron phosphate, copper foil and other battery supporting projects in Yuxi city around the target mineral resources of Yuxi City in the future. The project is planned to be divided into three phases, with a total committed investment of 51.7 billion yuan in phase I and phase II.
On February 14, Contemporary Amperex Technology Co.Limited(300750) official wechat disclosed that recently, Contemporary Amperex Technology Co.Limited(300750) subsidiary Sichuan times new energy resources Co., Ltd. signed a joint venture agreement with Ganzi investment group, Yibin Sanjiang Huida company and Sichuan Tianfu Mining Company in Chengdu.
According to the agreement, all parties will accelerate the exploration and development of lithium resources in the province, increase the supply of lithium resources, promote comprehensive utilization in a scientific and orderly manner, promote the coordinated development of the whole industrial chain of new energy, and provide important support for the development of trillion power battery industry in Sichuan Province.
At the same time, related companies such as anode and cathode materials and electrolyte are not idle. Mianyang Fulin Precision Co.Ltd(300432) announced on February 16 that the company and its subsidiary Jiangxi sublimation signed an agreement with Contemporary Amperex Technology Co.Limited(300750) and agreed to Contemporary Amperex Technology Co.Limited(300750) increase the capital of Jiangxi sublimation. After the capital increase is completed, Contemporary Amperex Technology Co.Limited(300750) will hold 20% equity of Jiangxi sublimation. Mianyang Fulin Precision Co.Ltd(300432) introduction, which is to further deepen the company’s strategic cooperation and industrial layout in the field of new energy lithium battery cathode materials.
On February 16, beiteri announced that under the background of the rapid development of the new energy vehicle industry, consumers put forward higher standards for the mileage of new energy vehicles, and the corresponding silicon-based negative electrode materials have also ushered in a development period. Therefore, the company plans to invest in the construction of a 40000 ton silicon-based negative electrode material project in Guangming District, Shenzhen, with a total investment of 5 billion yuan.
The demand brought by the sustainable development of new energy vehicles is the biggest driving force for industrial chain companies to invest and expand production. According to the passenger Federation, the retail sales of new energy passenger vehicles reached 347000 in January.
Minsheng securities predicts that in 2022, the demand for new energy passenger vehicles will enter the accelerated popularization period, and the sales volume is expected to sprint to 5.2 million, with a growth rate of 56%.
