Daily theme strategy discussion, summarize the views of the eight securities companies, reveal the current situation of the industry, observe the market trend, and feel the pulse of A-Shares for you in advance.
Tianfeng Securities Co.Ltd(601162) : the lithium price center will maintain a high boom in 20 22 years and firmly optimistic about the allocation value of lithium plate next year
Recently, lithium prices have continued to rise, while the performance of the secondary market is weak. In the retrospect of the last lithium price cycle, the stock price and fundamentals also deviated in the last cycle, and the performance realization is more critical. At the same time, the market is worried that the lithium sector is still biased towards the cyclical attribute, the high price is difficult to maintain, and the cyclical high profit cannot be valued.
As the demand for new energy industry continues to improve next year, the lithium price center will maintain a high boom in 2022. When the market sees that the price of lithium salt continues to be strong and gradually forms consistent expectations for the price, it will focus on the performance improvement brought by the enterprise’s expansion of its own alpha. This is also the logic that we have always mentioned that the long-term of lithium plate is “volume” rather than “price”. In the dark moment, we are still firmly optimistic about the configuration value of lithium plate next year. []
Huaan Securities Co.Ltd(600909) : seasonal production reduction of salt lake at the supply side! The price of individual orders jumped the contradiction between supply and demand intensified
The contradiction between supply and demand of lithium resources intensified, the lithium price accelerated upward, the lithium price center remained high, and the value of the sector was highlighted. At the supply side, the production of salt lakes is reduced seasonally, the release of smelting capacity is also subject to ore, and there is little increase in global supply in the medium and short term; However, the demand side lithium battery production has increased month by month. Battery factories and midstream material factories prepared goods years ago. At the same time, the midstream and downstream expanded production and scale, amplifying the demand for the upstream; The inventory of all parties in the industry is low, the contradiction between supply and demand intensifies, the spot price accelerates, the contract price of large manufacturers rises month by month, the price of individual orders jumps, and the lithium price center remains high with the support of supply and demand.
In terms of investment suggestions, focus on the leading industry segments with global competitiveness and high growth tracks represented by lithium iron phosphate and high nickel: Contemporary Amperex Technology Co.Limited(300750) , Eve Energy Co.Ltd(300014) , Jiangsu Azure Corporation(002245) , Shenzhen Dynanonic Co.Ltd(300769) , Ningbo Ronbay New Energy Technology Co.Ltd(688005) , Cngr Advanced Material Co.Ltd(300919) , Yunnan Energy New Material Co.Ltd(002812) ; It is suggested to pay attention to the links and companies that are still tight in supply and demand, can obtain excess profits of the industrial chain and continue to expand: Keda Industrial Group Co.Ltd(600499) , Chengxin Lithium Group Co.Ltd(002240) , Youngy Co.Ltd(002192) , Tianqi Lithium Corporation(002466) , Shenzhen Xfh Technology Co.Ltd(300890) . []
Citic Securities Company Limited(600030) : the catalyst and rising power of lithium battery sector will shift from “price rise” to “performance”
Recently, the market’s concern about the rapid rise of lithium price and “insufficient lithium supply” has led to a significant adjustment in the lithium sector. We judge that the new global lithium supply in 2022 can meet the growth of downstream demand, and lithium will not become a hard constraint on the development of the electric vehicle industry. Subject to the development cycle of mineral resources, we expect lithium to become one of the most sustainable links in the power battery industry chain. At the same time, it is expected that the catalyst and rising power of the sector will shift from “price rise” to “performance”, and the lithium sector will have strong valuation advantages and configuration value in 2022. We maintain the rating of “stronger than the big market” in the lithium industry, focus on recommending enterprises with high self-sufficiency rate of lithium mines and high degree of performance fulfillment, recommend Ganfeng Lithium Co.Ltd(002460) , Chengxin Lithium Group Co.Ltd(002240) and Qinghai Salt Lake Industry Co.Ltd(000792) , and suggest paying attention to Yongxing Special Materials Technology Co.Ltd(002756) Shenzhen Hekeda Precision Cleaning Equipment Co.Ltd(002816) manufacturing.
Huaxi Securities Co.Ltd(002926) : countries have regarded lithium resources as strategic mineral resources it will be very important to establish a local supply chain
At present, countries all over the world regard lithium resources as strategic mineral resources. It is very important to ensure the supply security of lithium metal minerals and establish a local supply chain. At the same time, with the continuous rise in the price of lithium concentrate, the profits of non integrated lithium salt processing enterprises are gradually thinning, and the profits have largely moved to the resource side. A typical example is aokuang, which is highly dependent on China’s lithium salt processing plants. In the last cycle, it only earned 30% of the profits of the industrial chain, and 70% – 80% of the profits in this cycle have been transferred to aokuang, which just confirms aokuang’s expectation that the profits of this cycle and China’s lithium salt plants will open at the beginning of the year. Under the current background, the competitiveness of integrated enterprises with upstream resource guarantee and incremental resources is obviously stronger. It is recommended to pay attention to the ongoing Lijiagou spodumene mining and beneficiation project. In the future, it will join hands with Dongchuan energy investment to integrate and develop the lithium resources in Ganzi and ABA. The beneficiary targets include [ Youngy Co.Ltd(002192) ] which is promoting the 2.5 million T / a lithium ore beneficiation project in yuanyangba. The greenbushes mine will increase production in the next five years and can achieve a large output of [ Tianqi Lithium Corporation(002466) ] through OEM, [ Qinghai Salt Lake Industry Co.Ltd(000792) ] with good performance of potash fertilizer and lithium salt in 2022, and [ Yongxing Special Materials Technology Co.Ltd(002756) ] is expected to be completed next year. []
Cinda Securities: lithium resource supply or become the biggest short board in the lithium battery industry chain lithium resource enterprises will face revaluation
The long-term value of lithium resources needs to be revalued. The demand for terminal new energy vehicles continued to grow in the peak season. According to the preliminary statistics of evvolumes, the global sales of new energy vehicles in November reached 733900, an increase of 71% year-on-year and 17.6% month on month. The production capacity of lithium resources at the supply side was released slowly. Pilbara lowered the production guidelines for fiscal year 2022 by about 60000 tons to 400000-450000 tons, and the restart of ngungaju plant was delayed to the middle of 2022. We expect that as the peak sales season of new energy vehicles continues to heat up, coupled with the upsurge of goods preparation at the end of the year and the continuous shortage of resource supply, lithium prices will maintain an accelerated upward trend. At the same time, we expect that the supply and demand of lithium resources will continue to maintain a tight state in 2022, and lithium resource supply may become the biggest weakness in the lithium power industry chain, and lithium resource enterprises will face revaluation. It is suggested to focus on undervalued enterprises with rich lithium resources reserves and benefiting from the rise of lithium price, or enterprises with marginal growth of lithium resources.
In the context of the “double carbon” goal, pay attention to the historic investment opportunities of new energy and new materials, and focus on new energy metals with strong demand and weak supply pattern (lithium cobalt nickel rare earth) and new metal materials benefiting from industrial upgrading and domestic substitution. Lithium suggests paying attention to Tianqi Lithium Corporation(002466) , Ganfeng Lithium Co.Ltd(002460) , Yongxing Special Materials Technology Co.Ltd(002756) , Chengxin Lithium Group Co.Ltd(002240) , etc; It is suggested to pay attention to Guangdong Haomei New Materials Co.Ltd(002988) , Henan Liliang Diamond Co.Ltd(301071) , Guangdong Hoshion Aluminium Co.Ltd(002824) , Jiangsu Pacific Quartz Co.Ltd(603688) , Ningbo Boway Alloy Material Co.Ltd(601137) , Anhui Truchum Advanced Materials And Technology Co.Ltd(002171) etc. for new materials; Titanium suggests paying attention to Baoji Titanium Industry Co.Ltd(600456) , Sichuan Anning Iron And Titanium Co.Ltd(002978) ; It is suggested to pay attention to Chifeng Jilong Gold Mining Co.Ltd(600988) , Yintai Gold Co.Ltd(000975) , Sino-Platinum Metals Co.Ltd(600459) etc. for precious metals; For industrial metals, it is recommended to pay attention to Yunnan Aluminium Co.Ltd(000807) , Henan Shenhuo Coal&Power Co.Ltd(000933) , Western Mining Co.Ltd(601168) , Zijin Mining Group Company Limited(601899) , Lizhong Sitong Light Alloys Group Co.Ltd(300428) , Sunstone Development Co.Ltd(603612) , etc. []
open source Securities: global new energy vehicle sales exceeded expectations in November lithium battery vision continued to rise
In November, the global sales of new energy vehicles exceeded expectations, and the momentum of lithium battery continued to rise. In November, the wholesale sales of new energy passenger vehicles in the Chinese market were 429000 (year-on-year + 136.09%), 178000 (year-on-year + 33%) in the eight European countries and 60000 in the United States. The overall sales volume of new energy vehicles exceeded expectations, which shows that on the one hand, the problems at the supply side such as vehicle chips are gradually solved, on the other hand, the product power of electric vehicles is gradually increasing in the recognition of users; We expect the industry penetration to further increase in 2022. Industry investment has entered the third stage: (a) return to long-term growth, pay attention to the links with high barriers, and the lithium battery leader is the core; (b) In terms of post cycle, attention should be paid to the diffusion of the landscape of the new energy vehicle industry chain, and the integration of energy storage, hydrogen energy, motors, equipment, charging and replacement, traditional vehicle parts and electrification is the direction that needs to be paid attention to. (c) In terms of new technologies, pay attention to the cost reduction brought by the product innovation of leading companies, such as flat wires, high-voltage systems, 4680 batteries, etc. []
Zhongtai Securities Co.Ltd(600918) : the general direction of the medium and long-term three-year boom upward cycle of raw materials upstream of new energy will not change
For the upstream raw materials of new energy, such as lithium cobalt rare earth copper foil, aluminum foil and magnetic materials, the short-term prosperity is still strong, and the general direction of the medium and long-term three-year prosperity upward cycle will not change. The industrial prosperity is the most clear and firmly optimistic. Core target: 1) new energy vehicle industry chain: Ganfeng Lithium Co.Ltd(002460) , Tianqi Lithium Corporation(002466) , Sinomine Resource Group Co.Ltd(002738) , Yongxing Special Materials Technology Co.Ltd(002756) , Sichuan Yahua Industrial Group Co.Ltd(002497) , Zhejiang Huayou Cobalt Co.Ltd(603799) , China Molybdenum Co.Ltd(603993) , China Northern Rare Earth (Group) High-Tech Co.Ltd(600111) , Shenghe Resources Holding Co.Ltd(600392) , Yantai Zhenghai Magnetic Material Co.Ltd(300224) , Jl Mag Rare-Earth Co.Ltd(300748) , Earth-Panda Advanced Magnetic Material Co.Ltd(688077) , Jiangsu Dingsheng New Material Joint-Stock Co.Ltd(603876) , Nuode Investment Co.Ltd(600110) , Guangdong Jiayuan Technology Co.Ltd(688388) etc. 2) Base metal: Yunnan Aluminium Co.Ltd(000807) , Henan Shenhuo Coal&Power Co.Ltd(000933) , Tianshan Aluminum Group Co.Ltd(002532) , Sunstone Development Co.Ltd(603612) , Zijin Mining Group Company Limited(601899) , Tongling Nonferrous Metals Group Co.Ltd(000630) etc. 3) Precious metals: Shandong Gold Mining Co.Ltd(600547) , Shengda Resources Co.Ltd(000603) etc. []
Guosheng Securities: resource side enterprises gradually extend downstream. Under the general trend lithium salt spot market will be more popular
In the lithium industry, since December, seven listed companies have successively announced that they intend to accelerate the investment, construction and production expansion of lithium iron phosphate related projects. Under the general trend that resource end enterprises gradually extend downstream, the lithium salt spot market will be more in demand.
In the nickel industry, the buying of nickel sulfate is poor and the rise is weak, and the spot price of nickel is split; The decline in stainless steel demand continues to weaken the price of ferronickel, increases the demand for long-term conversion of high nickel iron to nickel sulfate, and the supply of nickel sulfate raw materials will be further alleviated.
In the cobalt industry, the South African authorities announced the closure of all ports due to the outbreak, and the front line of the DRC Durban port in South Africa China carries 70% of China’s Cobalt raw material supply. The rebound of the Omicron epidemic has once again brought uncertainty to the global supply chain and stimulated the continued rise of cobalt prices. It is suggested to pay attention to: Zhejiang Huayou Cobalt Co.Ltd(603799) , Ganfeng Lithium Co.Ltd(002460) , Zhefu Holding Group Co.Ltd(002266) , Tianqi Lithium Corporation(002466) , Youngy Co.Ltd(002192) , Sichuan Yahua Industrial Group Co.Ltd(002497) , Qinghai Salt Lake Industry Co.Ltd(000792) , Tibet Mineral Development Co.Ltd(000762) , Nanjing Hanrui Cobalt Co.Ltd(300618) , Xiamen Tungsten Co.Ltd(600549) , Xtc New Energy Materials( Xiamen) Co.Ltd(688778) , Chengtun Mining Group Co.Ltd(600711) , Jl Mag Rare-Earth Co.Ltd(300748) . []
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Daily theme strategy discussion, summarize the views of the eight securities companies, reveal the current situation of the industry, observe the market trend, and feel the pulse of A-Shares for you in advance.
Tianfeng Securities Co.Ltd(601162) : the lithium price center will maintain a high boom in 20 22 years and firmly optimistic about the allocation value of lithium plate next year
Recently, lithium prices have continued to rise, while the performance of the secondary market is weak. In the retrospect of the last lithium price cycle, the stock price and fundamentals also deviated in the last cycle, and the performance realization is more critical. At the same time, the market is worried that the lithium sector is still biased towards the cyclical attribute, the high price is difficult to maintain, and the cyclical high profit cannot be valued.
As the demand for new energy industry continues to improve next year, the lithium price center will maintain a high boom in 2022. When the market sees that the price of lithium salt continues to be strong and gradually forms consistent expectations for the price, it will focus on the performance improvement brought by the enterprise’s expansion of its own alpha. This is also the logic that we have always mentioned that the long-term of lithium plate is “volume” rather than “price”. In the dark moment, we are still firmly optimistic about the configuration value of lithium plate next year. []
Huaan Securities Co.Ltd(600909) : seasonal production reduction of salt lake at the supply side! The price of individual orders jumped the contradiction between supply and demand intensified
The contradiction between supply and demand of lithium resources intensified, the lithium price accelerated upward, the lithium price center remained high, and the value of the sector was highlighted. At the supply side, the production of salt lakes is reduced seasonally, the release of smelting capacity is also subject to ore, and there is little increase in global supply in the medium and short term; However, the demand side lithium battery production has increased month by month. Battery factories and midstream material factories prepared goods years ago. At the same time, the midstream and downstream expanded production and scale, amplifying the demand for the upstream; The inventory of all parties in the industry is low, the contradiction between supply and demand intensifies, the spot price accelerates, the contract price of large manufacturers rises month by month, the price of individual orders jumps, and the lithium price center remains high with the support of supply and demand.
In terms of investment suggestions, focus on the leading industry segments with global competitiveness and high growth tracks represented by lithium iron phosphate and high nickel: Contemporary Amperex Technology Co.Limited(300750) , Eve Energy Co.Ltd(300014) , Jiangsu Azure Corporation(002245) , Shenzhen Dynanonic Co.Ltd(300769) , Ningbo Ronbay New Energy Technology Co.Ltd(688005) , Cngr Advanced Material Co.Ltd(300919) , Yunnan Energy New Material Co.Ltd(002812) ; It is suggested to pay attention to the links and companies that are still tight in supply and demand, can obtain excess profits of the industrial chain and continue to expand: Keda Industrial Group Co.Ltd(600499) , Chengxin Lithium Group Co.Ltd(002240) , Youngy Co.Ltd(002192) , Tianqi Lithium Corporation(002466) , Shenzhen Xfh Technology Co.Ltd(300890) . []
Citic Securities Company Limited(600030) : the catalyst and rising power of lithium battery sector will shift from “price rise” to “performance”
Recently, the market’s concern about the rapid rise of lithium price and “insufficient lithium supply” has led to a significant adjustment in the lithium sector. We judge that the new global lithium supply in 2022 can meet the growth of downstream demand, and lithium will not become a hard constraint on the development of the electric vehicle industry. Subject to the development cycle of mineral resources, we expect lithium to become one of the most sustainable links in the power battery industry chain. At the same time, it is expected that the catalyst and rising power of the sector will shift from “price rise” to “performance”, and the lithium sector will have strong valuation advantages and configuration value in 2022. We maintain the rating of “stronger than the big market” in the lithium industry, focus on recommending enterprises with high self-sufficiency rate of lithium mines and high degree of performance fulfillment, recommend Ganfeng Lithium Co.Ltd(002460) , Chengxin Lithium Group Co.Ltd(002240) and Qinghai Salt Lake Industry Co.Ltd(000792) , and suggest paying attention to Yongxing Special Materials Technology Co.Ltd(002756) Shenzhen Hekeda Precision Cleaning Equipment Co.Ltd(002816) manufacturing.
Huaxi Securities Co.Ltd(002926) : countries have regarded lithium resources as strategic mineral resources it will be very important to establish a local supply chain
At present, countries all over the world regard lithium resources as strategic mineral resources. It is very important to ensure the supply security of lithium metal minerals and establish a local supply chain. At the same time, with the continuous rise in the price of lithium concentrate, the profits of non integrated lithium salt processing enterprises are gradually thinning, and the profits have largely moved to the resource side. A typical example is aokuang, which is highly dependent on China’s lithium salt processing plants. In the last cycle, it only earned 30% of the profits of the industrial chain, and 70% – 80% of the profits in this cycle have been transferred to aokuang, which just confirms aokuang’s expectation that the profits of this cycle and China’s lithium salt plants will open at the beginning of the year. Under the current background, the competitiveness of integrated enterprises with upstream resource guarantee and incremental resources is obviously stronger. It is recommended to pay attention to the ongoing Lijiagou spodumene mining and beneficiation project. In the future, it will join hands with Dongchuan energy investment to integrate and develop the lithium resources in Ganzi and ABA. The beneficiary targets include [ Youngy Co.Ltd(002192) ] which is promoting the 2.5 million T / a lithium ore beneficiation project in yuanyangba. The greenbushes mine will increase production in the next five years and can achieve a large output of [ Tianqi Lithium Corporation(002466) ] through OEM, [ Qinghai Salt Lake Industry Co.Ltd(000792) ] with good performance of potash fertilizer and lithium salt in 2022, and [ Yongxing Special Materials Technology Co.Ltd(002756) ] is expected to be completed next year. []
Cinda Securities: lithium resource supply or become the biggest short board in the lithium battery industry chain lithium resource enterprises will face revaluation
The long-term value of lithium resources needs to be revalued. The demand for terminal new energy vehicles continued to grow in the peak season. According to the preliminary statistics of evvolumes, the global sales of new energy vehicles in November reached 733900, an increase of 71% year-on-year and 17.6% month on month. The production capacity of lithium resources at the supply side was released slowly. Pilbara lowered the production guidelines for fiscal year 2022 by about 60000 tons to 400000-450000 tons, and the restart of ngungaju plant was delayed to the middle of 2022. We expect that as the peak sales season of new energy vehicles continues to heat up, coupled with the upsurge of goods preparation at the end of the year and the continuous shortage of resource supply, lithium prices will maintain an accelerated upward trend. At the same time, we expect that the supply and demand of lithium resources will continue to maintain a tight state in 2022, and lithium resource supply may become the biggest weakness in the lithium power industry chain, and lithium resource enterprises will face revaluation. It is suggested to focus on undervalued enterprises with rich lithium resources reserves and benefiting from the rise of lithium price, or enterprises with marginal growth of lithium resources.
In the context of the “double carbon” goal, pay attention to the historic investment opportunities of new energy and new materials, and focus on new energy metals with strong demand and weak supply pattern (lithium cobalt nickel rare earth) and new metal materials benefiting from industrial upgrading and domestic substitution. Lithium suggests paying attention to Tianqi Lithium Corporation(002466) , Ganfeng Lithium Co.Ltd(002460) , Yongxing Special Materials Technology Co.Ltd(002756) , Chengxin Lithium Group Co.Ltd(002240) , etc; It is suggested to pay attention to Guangdong Haomei New Materials Co.Ltd(002988) , Henan Liliang Diamond Co.Ltd(301071) , Guangdong Hoshion Aluminium Co.Ltd(002824) , Jiangsu Pacific Quartz Co.Ltd(603688) , Ningbo Boway Alloy Material Co.Ltd(601137) , Anhui Truchum Advanced Materials And Technology Co.Ltd(002171) etc. for new materials; Titanium suggests paying attention to Baoji Titanium Industry Co.Ltd(600456) , Sichuan Anning Iron And Titanium Co.Ltd(002978) ; It is suggested to pay attention to Chifeng Jilong Gold Mining Co.Ltd(600988) , Yintai Gold Co.Ltd(000975) , Sino-Platinum Metals Co.Ltd(600459) etc. for precious metals; For industrial metals, it is recommended to pay attention to Yunnan Aluminium Co.Ltd(000807) , Henan Shenhuo Coal&Power Co.Ltd(000933) , Western Mining Co.Ltd(601168) , Zijin Mining Group Company Limited(601899) , Lizhong Sitong Light Alloys Group Co.Ltd(300428) , Sunstone Development Co.Ltd(603612) , etc. []
open source Securities: global new energy vehicle sales exceeded expectations in November lithium battery vision continued to rise
In November, the global sales of new energy vehicles exceeded expectations, and the momentum of lithium battery continued to rise. In November, the wholesale sales of new energy passenger vehicles in the Chinese market were 429000 (year-on-year + 136.09%), 178000 (year-on-year + 33%) in the eight European countries and 60000 in the United States. The overall sales volume of new energy vehicles exceeded expectations, which shows that on the one hand, the problems at the supply side such as vehicle chips are gradually solved, on the other hand, the product power of electric vehicles is gradually increasing in the recognition of users; We expect the industry penetration to further increase in 2022. Industry investment has entered the third stage: (a) return to long-term growth, pay attention to the links with high barriers, and the lithium battery leader is the core; (b) In terms of post cycle, attention should be paid to the diffusion of the landscape of the new energy vehicle industry chain, and the integration of energy storage, hydrogen energy, motors, equipment, charging and replacement, traditional vehicle parts and electrification is the direction that needs to be paid attention to. (c) In terms of new technologies, pay attention to the cost reduction brought by the product innovation of leading companies, such as flat wires, high-voltage systems, 4680 batteries, etc. []
Zhongtai Securities Co.Ltd(600918) : the general direction of the medium and long-term three-year boom upward cycle of raw materials upstream of new energy will not change
For the upstream raw materials of new energy, such as lithium cobalt rare earth copper foil, aluminum foil and magnetic materials, the short-term prosperity is still strong, and the general direction of the medium and long-term three-year prosperity upward cycle will not change. The industrial prosperity is the most clear and firmly optimistic. Core target: 1) new energy vehicle industry chain: Ganfeng Lithium Co.Ltd(002460) , Tianqi Lithium Corporation(002466) , Sinomine Resource Group Co.Ltd(002738) , Yongxing Special Materials Technology Co.Ltd(002756) , Sichuan Yahua Industrial Group Co.Ltd(002497) , Zhejiang Huayou Cobalt Co.Ltd(603799) , China Molybdenum Co.Ltd(603993) , China Northern Rare Earth (Group) High-Tech Co.Ltd(600111) , Shenghe Resources Holding Co.Ltd(600392) , Yantai Zhenghai Magnetic Material Co.Ltd(300224) , Jl Mag Rare-Earth Co.Ltd(300748) , Earth-Panda Advanced Magnetic Material Co.Ltd(688077) , Jiangsu Dingsheng New Material Joint-Stock Co.Ltd(603876) , Nuode Investment Co.Ltd(600110) , Guangdong Jiayuan Technology Co.Ltd(688388) etc. 2) Base metal: Yunnan Aluminium Co.Ltd(000807) , Henan Shenhuo Coal&Power Co.Ltd(000933) , Tianshan Aluminum Group Co.Ltd(002532) , Sunstone Development Co.Ltd(603612) , Zijin Mining Group Company Limited(601899) , Tongling Nonferrous Metals Group Co.Ltd(000630) etc. 3) Precious metals: Shandong Gold Mining Co.Ltd(600547) , Shengda Resources Co.Ltd(000603) etc. []
Guosheng Securities: resource side enterprises gradually extend downstream. Under the general trend lithium salt spot market will be more popular
In the lithium industry, since December, seven listed companies have successively announced that they intend to accelerate the investment, construction and production expansion of lithium iron phosphate related projects. Under the general trend that resource end enterprises gradually extend downstream, the lithium salt spot market will be more in demand.
In the nickel industry, the buying of nickel sulfate is poor and the rise is weak, and the spot price of nickel is split; The decline in stainless steel demand continues to weaken the price of ferronickel, increases the demand for long-term conversion of high nickel iron to nickel sulfate, and the supply of nickel sulfate raw materials will be further alleviated.
In the cobalt industry, the South African authorities announced the closure of all ports due to the outbreak, and the front line of the DRC Durban port in South Africa China carries 70% of China’s Cobalt raw material supply. The rebound of the Omicron epidemic has once again brought uncertainty to the global supply chain and stimulated the continued rise of cobalt prices. It is suggested to pay attention to: Zhejiang Huayou Cobalt Co.Ltd(603799) , Ganfeng Lithium Co.Ltd(002460) , Zhefu Holding Group Co.Ltd(002266) , Tianqi Lithium Corporation(002466) , Youngy Co.Ltd(002192) , Sichuan Yahua Industrial Group Co.Ltd(002497) , Qinghai Salt Lake Industry Co.Ltd(000792) , Tibet Mineral Development Co.Ltd(000762) , Nanjing Hanrui Cobalt Co.Ltd(300618) , Xiamen Tungsten Co.Ltd(600549) , Xtc New Energy Materials( Xiamen) Co.Ltd(688778) , Chengtun Mining Group Co.Ltd(600711) , Jl Mag Rare-Earth Co.Ltd(300748) . []
