Recently, lithium mining enterprises in Western Sichuan and other places came the news of price increase. Lithium salt exceeded 200000 yuan / ton and directly hit 250000 yuan / ton. In addition, driven by downstream demand, lithium salt supply is insufficient.
strong demand for lithium salt
In November, China produced and sold 457000 and 450000 new energy vehicles respectively, with a year-on-year increase of 1.3 times and 1.2 times respectively. Among them, in November, the market penetration of new energy vehicles was 17.8%, and the market penetration of new energy passenger vehicles reached 19.5%.
From January to November, the production and sales of new energy vehicles were 3.023 million and 2.99 million respectively, an increase of 1.7 times year-on-year, and the market penetration reached 12.7%. In mid November, Shanxi Guoxin Energy Corporation Limited(600617) vehicle production and sales data continued to improve, continuously promoting the demand for lithium salt in the upstream.
In addition, according to the data of Shanghai Nonferrous Metals network, the recent prices of electrolytic cobalt, battery grade lithium carbonate and lithium hydroxide have set a record high in the past three years. As of December 22, battery grade lithium carbonate reported 250000 yuan / ton, up 4500 yuan / ton; Lithium hydroxide reported 198000 yuan / ton, up 5000 yuan / ton.
As an upstream resource, lithium production capacity growth is restricted by the development cycle of mineral resources. In 2021, the global lithium resources project will enter a new round of active period. However, in addition to the expansion of the original project, the capacity construction of new entrants will begin at the end of 2021 and is expected to be put into operation as soon as the end of 2022. The supply and demand pattern of lithium is expected to remain tense in 2022. In addition to the strong downstream demand caused by the rapid development of new energy vehicles, the upstream production capacity is difficult to match, and the demand growth also promotes the price upward.
Tianfeng Securities Co.Ltd(601162) according to the analysis, in the short term, the demand for ternary materials and downstream products such as lithium iron phosphate at the demand end erupted, the order inquiry was positive, and the rise of new energy vehicles at the superimposed terminal was hot, while the power restriction in various regions at the supply end and the gas restriction policy in heating season in Qinghai had a significant impact on the production of lithium carbonate. Short term lithium salt supply and demand imbalance, firmly optimistic about lithium prices to maintain the upward trend.
the share price of many shares doubled during the year
Citic Securities Company Limited(600030) it is expected that the lithium price will remain high in 2022, and the price inflection point will not appear in the short term. The lithium salt price center in 2022 will be significantly higher than that in 2021, which will drive the company’s performance of the lithium sector to increase significantly. The valuation advantage and configuration value of the lithium sector in 2022 are high.
Securities Times · databao sorted out 21 lithium salt concept stocks. As of December 30, the average price of 21 stocks rose 154.23% during the year, and the share prices of 15 stocks doubled during the year. Among them, the share prices of Zangger mining, Shenzhen Sunrise New Energy Co.Ltd(002256) , Tibet Urban Development And Investment Co.Ltd(600773) , Shandong Shida Shenghua Chemical Group Company Limite(603026) , Tibet Mineral Development Co.Ltd(000762) , Tibet Summit Resources Co.Ltd(600338) , Keda Industrial Group Co.Ltd(600499) , Youngy Co.Ltd(002192) all rose more than twice, and Zangger mining took the lead with a cumulative increase of 372.41%.
In terms of performance, the performance of relevant listed companies was brilliant. In the first three quarters of this year, only two companies lost money, the rest achieved profits, and the performance of 14 listed companies doubled. The performance of Zanger mining and Shandong Shida Shenghua Chemical Group Company Limite(603026) increased by more than 10 times in the first three quarters of this year. From the perspective of future performance expectations, the agency predicts that the annual performance of 10 listed companies is expected to double, of which the performance of Tibet Summit Resources Co.Ltd(600338) and Chengxin Lithium Group Co.Ltd(002240) is expected to increase nearly 30 times.
(Securities Times)
