I. return to origin: characteristics of lithium resources
Lithium is the metal element with the lowest standard electrode potential, the largest electrochemical equivalent and the lightest in nature. Therefore, it is a natural battery metal with long-term demand rigidity;
Lithium has abundant global resources, which can shoulder heavy responsibilities and support large-scale global power and energy storage applications, but the premise is to build a complete and resilient supply system;
Abundant total resources ≠ abundant immediate production capacity, scarce high-quality lithium resource projects with large-scale aggregation, high-grade and easy exploitation, and uneven global distribution;
For a low-grade ore, in addition to resource endowment, the lithium extraction process also has an important impact on the cost; As an emerging mineral, the development potential of various lithium extraction technologies is still large;
Battery grade lithium compounds and lithium deep processing are not completely homogeneous commodities, and downstream power batteries have strict requirements for quality and consistency.
II. Demand side: the trend is rising and strengthening, and the industrial development of global new energy vehicles has passed the inflection point
2.1 carbon neutralization and carbon peak from global consensus to global action
With the electrification of energy consumption and clean power production, the world is ushering in an era of transformation from fossil fuel dependence to clean and renewable energy;
Electrochemical energy storage and other new energy storage. The chemical power supply represented by lithium battery system is the basic equipment in the green transformation;
In addition, the double carbon goal will also have a profound impact on the future global cycle, the trend of global supply chain and the idea of process design.
II. Demand side: the inflection point has passed, and the slope of global new energy vehicle penetration has increased significantly
2.2 the global new energy vehicle industry has passed the inflection point
In 2021, the global sales volume of new energy vehicles was 6.75 million (penetration rate 8%), with a year-on-year increase of 112%; The sales volume of medium Shanxi Guoxin Energy Corporation Limited(600617) vehicles was 3.52 million (penetration rate 13%), with a year-on-year increase of 158%
In 2022, the global sales volume of new energy vehicles was 9.97 million (penetration rate 12%), with a year-on-year increase of 45%, and in 2025, 22.32 million (penetration rate 25%)
In 2022, the sales volume of Shanxi Guoxin Energy Corporation Limited(600617) vehicles will be 5.32 million (penetration rate 19%), with a year-on-year increase of 51%, and in 2025, 11.25 million (penetration rate 40%)
