Event: Recently, the Sociedad Nacional de miner í a (sonami) announced that it officially approved Tianqi Lithium Corporation(002466) to become a member of the association.
Comments: the National Mining Association of Chile (sonami) is a trade union organization that organizes and represents large, medium and small-scale, metal and non-metal mining activities in Chile. The association was founded on September 26, 1883. Since its establishment, it has made great contributions to the development of mining, the improvement of legislation and the specialization of workers. At present, 76 large and medium-sized mining companies and supplier companies, as well as 38 regional mining associations, represent more than 2000 small mining entrepreneurs, including international well-known mining enterprises such as sqm (Chilean chemical mining company), Albemarle (Yabao group). At present, sonami has two non-profit foundations to set its strategic objectives: the National Mining Association Foundation, which is committed to improving the quality of life of residents around mining activities; The mining technology foundation focuses on technology dissemination and transfer.
Sonami speaks on behalf of the industry and actively safeguard the interests of partners. According to mining com.， Regarding Chile’s proposal to promote the nationalization of copper and lithium, sonami president Diego Hern á ndez said that “there is an obvious legal error”.
Tianqi Lithium Corporation(002466) actively distributed lithium resources in Chile. In May 2018, it announced that it would acquire 23.77% equity of sqm company for us $4.066 billion, holding 25.86% equity in total, becoming the second largest shareholder of sqm. According to the official website of the association, joining sonami as a partner in the non-metallic industry this time will carry out close cooperation in the future, especially to jointly deal with the challenges faced in the development of lithium projects.
Event: Byd Company Limited(002594) April 3 announced at the Hong Kong stock exchange that the company has always been committed to building low-carbon and environment-friendly new energy vehicles and building a green tomorrow of sustainable development with science and technology. According to the company’s strategic development needs, the company will stop the whole vehicle production of fuel vehicles from March 2022.
Comments: the development trend of new energy vehicles is good for battery suppliers. After the announcement, Byd Company Limited(002594) became the first enterprise in the world to stop the production of fuel vehicles. In 2021, Byd Company Limited(002594) sold 730000 vehicles, of which 593700 were new energy vehicles. With the acceleration of the electrification process, major vehicle enterprises at home and abroad have successively announced plans to completely stop selling traditional fuel vehicles from 2025 to 2050, and the time point of prohibition is mostly after 2025. According to the sales data of China’s new car making forces in March, the top three car companies are Xiaopeng automobile, Nezha automobile and ideal automobile, with delivery volumes of 15000, 12000 and 11000 respectively. The new car making forces continue to make efforts, or further benefit power battery suppliers. China’s vehicle manufacturers have a positive outlook for the demand for lithium batteries. Li Zhen, chairman of Gotion High-Tech Co.Ltd(002074) board of directors of China electric vehicle hundred people’s meeting on March 26, 2022, said that the global battery demand is expected to exceed 1500gwh in 2025, 3000gwh in 2030, 900000 tons in 2025 and 1.8 million tons in 2030.
Risk tip: the demand for new energy is less than expected, and the macro-economy fluctuates greatly
