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On December 2, 2021, the Shanghai Composite Index closed at 3573.84 points, down 0.09%; The Shenzhen composite index closed at 14765.56 points, down 0.19%; The power equipment and new energy index closed at 14634.3 points, down 0.51%. The wind primary material index closed at 6547.82, down 0.17%. Among them, the top three companies in the mining industry are: Shanxi Meijin Energy Co.Ltd(000723) (000723. SZ, 7.14%), Yanzhou Coal Mining Company Limited(600188) (600188. Sh, 3.08%), Shanghai Topcare Medical Services Co.Ltd(600532) (600532. Sh, 2.99%).
The top three companies in the nonferrous metals industry are: China Minmetals Rare Earth Co.Ltd(000831) (000831. SZ, 10%), Chengdu Galaxy Magnets Co.Ltd(300127) (300127. SZ, 8.02%), Rising Nonferrous Metals Share Co.Ltd(600259) (600259. Sh, 6.72%).
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The price of lithium carbonate keeps rising, and there is still room for rise in the short term. Today, the price of battery grade lithium carbonate in China is 208000 yuan / ton, up 2000 yuan / ton from yesterday. In terms of demand, the demand for medium Shanxi Guoxin Energy Corporation Limited(600617) cars and electric bicycles is still strong, and downstream enterprises are actively preparing goods. Because the Spring Festival this year is earlier than last year, the pace of enterprise goods preparation is accelerated, and the market demand is increased. In terms of supply, the output of lithium extraction from Qinghai Salt Lake decreased seasonally. Due to the cold climate in Qinghai, the output of lithium carbonate remained low in winter. In addition to the policy power restriction, the lithium production capacity is also affected. The short-term decline in lithium salt production intensifies the contradiction between supply and demand. At the peak season of traditional consumption, the lithium industry presents a pattern of prosperous supply and demand as a whole. It is expected that there is room for further price increase of lithium carbonate in the future. It is recommended to pay attention to the following new energy related targets: Ganfeng Lithium Co.Ltd(002460) , Chengxin Lithium Group Co.Ltd(002240) , Zhejiang Huayou Cobalt Co.Ltd(603799) .
Industry dynamics
1. Recently, the Ministry of transport issued a notice requiring to further strengthen the road traffic service guarantee of power coal transportation. The notice stressed that highway toll stations involving power coal transportation should open all toll lanes, strengthen traffic dredging, and maximize the traffic capacity and efficiency of toll stations. At the same time, qualified highway toll stations shall open special channels for power coal transportation vehicles to ensure the priority and convenient passage of power coal transportation vehicles. (Ministry of transport)
2. Indonesian President Joko Widodo reiterated his plan to stop the export of all bulk commodity raw materials. Just a few days ago, Indonesian president said that the export of bauxite was prohibited. According to customs statistics, from January to October, Indonesia’s bauxite imports accounted for 15% of China’s total bauxite imports, mainly to Shandong and other places. If the Indonesian government prohibits the export of bauxite again, the alumina plants in Shandong will be greatly affected in the short term. （Mysteel）
Company dynamics
Ganfeng Lithium Co.Ltd(002460) (002460): Recently, the company received a notice from Ganfeng international that all preconditions contained in the transaction agreement have been reached. Ganfeng international has completed the payment of the consideration of phase I equity transaction of US $39 million and will hold 50% of the shares of SPV in the Netherlands after the final transaction.
Ningbo Yunsheng Co.Ltd(600366) (600366): the transfer registration date of the exercise shares is November 29, 2021. The exercise shares are all tradable shares without sale conditions, and the registered number is 820000 shares. The number of people exercising the second time in the first exercise period of the equity incentive plan is 4.
Risk tips: the epidemic situation fluctuated beyond expectations, and the growth rate of new energy vehicles was lower than expected.
