The Ministry of industry and information technology reported the operation of nickel cobalt lithium industry in the first quarter of 2022. In the first quarter of 2022, China Shanxi Guoxin Energy Corporation Limited(600617) industry developed rapidly, the production of nickel cobalt lithium industry increased steadily, and the product price rose sharply. Lithium production increased year-on-year, while nickel and cobalt production decreased slightly. According to the data of Beijing Antaike Information Co., Ltd., the output of lithium carbonate and lithium hydroxide in China in the first quarter was 60000 tons and 47000 tons respectively, with a year-on-year increase of 23.2% and 29.5%; The output of refined cobalt (including electrolytic cobalt, cobalt powder, cobalt salt, etc., converted into metal) and primary nickel (nickel products produced from raw biological materials, including electrolytic nickel, nickel pig iron, nickel salt, etc., converted into metal) were 30000 tons and 172000 tons respectively, with a year-on-year decrease of 2.2% and 1.8%. Prices have risen sharply. According to the statistics of Beijing Antaike Information Co., Ltd., the average spot prices of electrolytic nickel and metal cobalt in the first quarter were 190000 yuan / ton and 525000 yuan / ton respectively, up 43.2% and 54.4% year-on-year; Affected by multiple factors such as mismatch between supply and demand, sharp rise in lithium ore procurement costs, insufficient upstream and downstream cooperation and spread of market panic, the price of lithium products rose sharply. In the first quarter, the average spot prices of lithium carbonate and lithium hydroxide were 421000 yuan / ton and 371000 yuan / ton respectively, up 456% and 492% year-on-year.
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