Lithium concept fell sharply on the 8th intraday. As of press time, Tianqi Lithium Corporation(002466) , Zhejiang Huayou Cobalt Co.Ltd(603799) , Youngy Co.Ltd(002192) , Sinomine Resource Group Co.Ltd(002738) fell by the limit, Qinghai Salt Lake Industry Co.Ltd(000792) , Guizhou Redstar Developing Co.Ltd(600367) , Ganfeng Lithium Co.Ltd(002460) , etc. fell by more than 9%.
In terms of news, the price of battery grade lithium carbonate continues to rise, and the quotation has exceeded 500000 yuan / ton recently. According to market news, Chinese battery giants including Contemporary Amperex Technology Co.Limited(300750) and Byd Company Limited(002594) have announced measures to combat the soaring price of lithium carbonate. It is rumored that Contemporary Amperex Technology Co.Limited(300750) requires that if the price of lithium carbonate rises above 470000, it will not receive orders. There are also rumors that some Chinese cathode manufacturers are also calling for a way of not buying goods to resist the rise in lithium prices, but the news has not been confirmed.
Analysts said that due to the continued popularity of the lithium battery industry chain, the prices of upstream raw materials continued to rise, squeezing the profit space of the downstream industry chain. The industrial layout of leading enterprises in the industry is relatively perfect, which can affect the pricing power of the industry to a certain extent, but the uncontrolled related industries will be limited. At present, the market as a whole is in the valuation stage, and rumors have triggered panic and flight of market funds.
It is worth noting that, recently, Xin Guobin, Vice Minister of the Ministry of industry and information technology, said at the press conference of the state information office that this year, we will focus on meeting the production needs of power batteries, moderately accelerate the development progress of lithium, nickel and other resources in China, and crack down on unfair competition such as hoarding and raising prices. At the same time, we will improve the recycling system of power batteries, support technical breakthroughs such as efficient disassembly and recycling, and constantly improve the recycling rate and resource utilization efficiency.
