On January 21, at the seventh session of the 13th people’s Congress of Qinghai Province, Qinghai Province said that accelerating the construction of a world-class Salt Lake industrial base is the primary task of the work in 2022.
According to the work report of Qinghai provincial government, we will focus on improving the competitiveness of strategic emerging industries and improve the comprehensive efficiency of salt lake resource utilization by strengthening, extending and supplementing the chain. In order to achieve the goal of “expanding the scale of lithium industry, releasing the capacity of lithium carbonate and improving the level of lithium battery industry”, Qinghai Province will set up a salt lake industry development fund and introduce a number of high-tech leading enterprises to promote the strength of salt lake industry clusters.
China’s lithium resources
mainly salt lake brine
China’s lithium concentrate mainly depends on imports. Lithium mica is an important supplement to China’s lithium resources, but the future increment is limited. China is rich in salt lake lithium resources. According to statistics, by the end of 2018, China’s proven lithium resources reserves were about 7 million tons, accounting for about 13.21% of the world’s total reserves, ranking fourth in the world. Among them, salt lake lithium resources accounted for about 80% of the national resources reserves, and salt lake brine lithium mines in Qinghai accounted for more than half of China’s proven lithium resources.
Caixin Securities pointed out that lithium battery, as the core component of new energy vehicles, has continuously increased its demand under the background of the rapid growth of the penetration rate of new energy vehicles, thus driving the continued strong demand for lithium carbonate. According to the price data of non-ferrous metals in Shanghai, as of January 21, the price of battery grade lithium carbonate was close to 350000 yuan / ton, an increase of more than 26% over the end of last year.
At present, there are three mainstream processes for preparing lithium carbonate, namely spodumene calcination, mica lithium extraction and salt lake lithium extraction. The cost difference of the three preparation processes is very large. The complete cost of lithium extraction by spodumene calcination method is nearly 190000 yuan / ton. For the cost of extracting lithium from mica, if the enterprise has its own lithium mica ore, the complete cost of a single ton of lithium carbonate is about 40000 ~ 50000 yuan. If it needs to purchase lithium mica ore, the cost of a single ton needs to increase by 40000 ~ 50000 yuan to 80000 ~ 100000 yuan. At present, the cost of extracting lithium from Salt Lake by adsorption method per ton of lithium carbonate can be controlled at or below 30000 yuan. Compared with lithium extraction from spodumene and mica, lithium extraction from Salt Lake has cost advantages.
salt lake lithium extraction concept stock
outstanding performance
On January 21, against the background of the general decline in the A-share market, the salt lake lithium extraction index rose against the market trend, and concept stocks such as Jinyuan Ep Co.Ltd(000546) , Zhejiang Xinhua Chemical Co.Ltd(603867) , Tibet Summit Resources Co.Ltd(600338) , Sinomach General Machinery Science & Technology Co.Ltd(600444) rose by more than 2%.
According to the statistics of securities times and data treasure, as of the close of last Friday, the market value of Salt Lake Lithium concept stock A shares totaled 1.48 trillion yuan. From the perspective of specific companies, Qinghai Salt Lake Industry Co.Ltd(000792) owns the mining right of about 3700 square kilometers of Chaerhan Salt Lake, which is the largest soluble potassium magnesium salt deposit in China. Qinghai Salt Lake Industry Co.Ltd(000792) revealed on the investor interaction platform that the lithium precipitation device of the recent 20000 ton project will be subject to single machine equipment commissioning, and some of its capacity has been released in 2021. The lithium carbonate capacity of Lanke lithium industry will be 30000 tons in 2022.
The wholly-owned subsidiary of zangge mining acquired 51% equity of mamico mining by participating in the subscription of Tibetan youth fund investment. It is mainly engaged in the exploration and development of lithium, potassium, boron and other resources in salt lake brine.
After the sharp rise in 2021, salt lake lithium concept stocks generally adjusted after new year’s day. According to data treasure statistics, since January, concept stocks have fallen by an average of 13.75%, with Qinghai Salt Lake Industry Co.Ltd(000792) , Tianqi Lithium Corporation(002466) , Keda Industrial Group Co.Ltd(600499) and other declines leading. Compared with the high point in the past year, the average pullback range of concept stocks is 34.09%, of which Tibet Mineral Development Co.Ltd(000762) pullback range ranks first, reaching 50.18%.
From the perspective of capital, according to the rough calculation of the average transaction price in the range, the total amount of Beishang capital’s increased holdings of salt lake lithium extraction concept shares from January to now is about 4.5 billion yuan, of which 6 shares such as Ganfeng Lithium Co.Ltd(002460) , Byd Company Limited(002594) , Zhejiang Huayou Cobalt Co.Ltd(603799) , Eve Energy Co.Ltd(300014) , Qinghai Salt Lake Industry Co.Ltd(000792) , Keda Industrial Group Co.Ltd(600499) have been increased by more than 100 million yuan, and the increased holdings of Ganfeng Lithium Co.Ltd(002460) are 1.272 billion yuan, ranking first.
Salt lake lithium concept stocks performed well. According to the statistics of data treasure, Tibet Summit Resources Co.Ltd(600338) , Zangger mining, Beijing Water Business Doctor Co.Ltd(300055) , Zhejiang Huayou Cobalt Co.Ltd(603799) , Chengdu Wintrue Holding Co.Ltd(002539) , Qinghai Salt Lake Industry Co.Ltd(000792) and other six shares have announced the performance forecast for 2021, and the expected increase of net profit has exceeded 90%. Tibet Summit Resources Co.Ltd(600338) the pre increase rate is the highest. The company expects the net profit to be 700 million yuan to 900 million yuan in 2021, with a year-on-year increase of 21.89 times to 28.43 times.
