Talk every Monday:
The proposal of the EU's new battery regulations has entered the approval stage of the European Parliament, the European Council, the European Commission and other parties, and has been adopted by the EU Commission on environment, public health and food safety (envi) in February this year. At present, no objection has been received. If everything goes well, the new battery law is expected to be approved and enter into force in the autumn. At that time, the new battery law of the Ministry will replace the 2006 EU batteries directives and further strengthen the binding force on Member States, institutions and legal persons in the EU. The new battery manufacturer's responsibility law puts forward specific requirements for the carbon footprint and the utilization rate of recycled batteries.
For the carbon footprint of electric vehicle power batteries and industrial batteries in the whole life cycle (excluding the use stage), the new battery law will be regulated in three steps: complete the disclosure of battery carbon footprint information by July 2024; Classify the battery according to its carbon footprint before January 2026; The maximum carbon footprint limit will be set after July 2027.
Article 8 of the new battery law puts forward corresponding requirements for the minimum proportion of recycled raw materials in the four metals of cobalt, lead, lithium and nickel used in electric vehicle batteries and industrial batteries. By 2030, the proportion of cobalt, lead, lithium and nickel recycled raw materials will reach 12%, 85%, 4% and 4% respectively; By 2035, it will increase to 20%, 85%, 10% and 12%.
In addition, the act also puts forward corresponding requirements for the recovery rate of waste batteries and the recovery proportion of various metals. Three years after the implementation of the act, the recovery rates of lead-acid batteries, lithium batteries, nickel cadmium batteries and other types of batteries are required to reach 75%, 65%, 85% and 60% respectively; Eight years after the implementation of the act, the minimum recovery rate of four types of batteries is required to reach 80%, 70%, 85% and 70%.
At the same time, the batteries of any economic operators put into the EU market shall comply with the corresponding requirements for the procurement, processing and trade sealing of raw materials, chemicals and secondary raw materials. The control requirements for batteries cover the whole value chain.
The significance of power battery recycling for the whole value chain of batteries The production of China Shipbuilding Industry Group Power Co.Ltd(600482) batteries and raw materials has always occupied an important position in the world. The output of power batteries accounts for more than 70% of the installed capacity of power batteries in the world, and the shipment of main cathode material precursors accounts for nearly 85% of the global shipment. The EU's new battery law will undoubtedly have an important impact on China Shipbuilding Industry Group Power Co.Ltd(600482) batteries and manufacturers of corresponding raw materials, and urge them to pay more attention to the recovery of power batteries and the recycling of raw materials.
Investment strategy: the new battery law urges all parties in the power battery value chain to rethink the value of power battery recycling to the whole industry chain; In the context of dual carbon, the value of power battery recycling business, which can reduce pollution and carbon and recover metal raw materials, will be significantly improved for the battery industry. It is recommended to pay attention to deep ploughing battery recycling for many years, open up the chain of recycling to raw material production, and actively plan to deploy the global power battery recycling capacity of power battery recycling and ternary precursor leading enterprise Gem Co.Ltd(002340) .
Risk tip: the policy promotion is not as expected, etc.
Market review:
Shenwan environmental protection sector rose or fell by 2.36%, ranking 15 / 31 in Shenwan level industry.
In terms of sub sections, the five Shenwan III sections of comprehensive environmental treatment, atmospheric treatment, environmental protection equipment, solid waste treatment, water affairs and water treatment rose or fell by 6.17%, 4.84%, 3.2%, 1.87% and 1.01%.
In terms of specific stocks, Tianjin Lvyin Landscape And Ecology Construction Co.Ltd(002887) (48.07%), Focused Photonics (Hangzhou) Inc(300203) (21.58%) and ST poten (16.67%) increased the most Guangdong Shunkong Development Co.Ltd(003039) (- 7.22%), aibulu (- 8.33%) and Xinjiang Guotong Pipeline Co.Ltd(002205) (- 14.37%) decreased significantly
