It is reported that Pilbara, an Australian lithium miner, conducted the first lithium concentrate auction in 2022 on April 27, Beijing time, with a transaction price of US $5650 / ton, which is in line with market expectations. The auction totaled 5000 tons. According to the calculation of Longzhong information, combined with the freight of 90 US dollars / ton, the cost of lithium carbonate is about 380000 Yuan / ton.
Huaan Securities Co.Ltd(600909) pointed out that the supply and demand of market mechanism determines the trend of lithium price, and the demand structure and growth support the persistence of high lithium price, with remarkable performance. In the process of price change and cost transmission, the relationship between supply and demand is the decisive factor of lithium price under the background of market mechanism. The two major cycles in the history of lithium industry are mainly driven by the application of downstream consumer products. Since the third quarter of 2020, under the outbreak of new energy vehicle industry chain and the future market demand for high-capacity energy storage, with the changes of lithium demand structure and growth logic, the lithium industry will show strong growth supported by the great development of new energy. The core of the fundamentals supporting the current round of lithium price rise lies in the significant change of demand side structure and growth logic. Lithium supply may become the decisive factor for the release of capacity in the middle and lower reaches. The high sustainability of lithium price has solid fundamental support and profits move up.
Northeast Securities Co.Ltd(000686) believes that the prosperity of lithium industry may exceed expectations. In terms of supply, there are few deterministic supply increments, many overseas lithium resource projects under construction are in early stages, and the government is cautious about the development of lithium resources, so the supply situation may be more tense in the future. In terms of demand, new energy vehicles have entered a stage of rapid development, energy storage lithium batteries will usher in an explosion period, and electric vehicles + energy storage will contribute to the core increment in the future. In conclusion, the contradiction between supply and demand in the lithium industry may exist for a long time, and we are optimistic about the long-term high prosperity of “white oil” lithium resources. The target allocation value with strong performance release certainty and significant marginal improvement is highlighted. Related to the related subject of the related related related related related related to the related related related related to the following: Youngy Co.Ltd(002192) \ , Suzhou Ta&A Ultra Clean Technology Co.Ltd(300390) , Tibet Mineral Development Co.Ltd(000762) , Tibet Urban Development And Investment Co.Ltd(600773) , Tibet Summit Resources Co.Ltd(600338) , etc.
