Lithium carbonate: demand increases and prices double

This year's lithium carbonate market is extremely hot.
The price has risen from 50,000 yuan (ton price, the same below) at the beginning of the year to 86,600 yuan at the end of June, a half-year increase of 73.
2%
.
The current price has doubled compared with the same period last year

Over 70% increase in half a year

Judging from the trend of the lithium carbonate market in the first half of the year, January saw the largest increase, with prices rising by nearly 20,000 yuan, or 36.
4%, ranking second among all chemical products
.

According to Xu Ming, Marketing Minister of Hunan Haibo Chemical Co.
, Ltd.
, the significant increase in the price of lithium carbonate is mainly due to the rebound of the new energy automobile industry and the surge in demand for lithium carbonate
.

Lithium carbonate is mainly used to produce power batteries, and new energy vehicles are its largest downstream users
.
According to the latest statistics released by the Passenger Association on July 8, the wholesale and retail of new energy vehicles in the first half of this year exceeded one million, of which 1.

“The increase in the price of lithium carbonate in the first half of the year is actually a reasonable return of value
.
In recent years, the price of lithium carbonate has fluctuated sharply

The late market is optimistic

The industry is mostly optimistic about the lithium carbonate market in the second half of the year, which is mainly based on the continued efforts of the new energy automobile industry
.
The market originally expected the sales of new energy vehicles in China to reach 2 million units this year.

ICC Xinlu Information Researcher Zhang Jinhui pointed out: "Lithium carbonate prices are expected to still have room for growth in the second half of the year
.
At present, market supply and demand are still in a tight balance.

On July 5, Wuxi Stainless Steel Electronic Trading Center launched a lithium carbonate bill of lading agreement with a settlement date of October 2021 and listed for trading

　　"The closing price of 95 yuan/kg is converted to 95,000 yuan/ton, while the current spot price of lithium carbonate is about 87,000 yuan/ton
.
The forward price of lithium carbonate in October is higher than the spot price, indicating that the market expects that the price of lithium carbonate will return To continue to rise, everyone is generally optimistic about the market outlook

　　Pay attention to the extraction of lithium from the salt lake

　　"There is no doubt that the demand for lithium carbonate will increase in the second half of the year, but how much the specific price can rise depends on how much lithium can be
extracted from Qinghai Salt Lake .
" Xu Ming believes that compared with ore extracting lithium, the cost of extracting lithium from salt lakes is much lower

　　It is understood that Lanke Lithium, a subsidiary of Qinghai Salt Lake Industry Co.
, Ltd.
, relies on the rich lithium resources of the Chaerhan Salt Lake and the public facilities of the company's industrial park to produce lithium carbonate using adsorption lithium extraction technology, which has a comparative advantage in cost compared with the same industry
.
In the past two years, the company's complete cost of industrial-grade lithium carbonate has been controlled within 34,000 yuan
.
As the temperature rises, the company's lithium carbonate production has entered a high-yield season, and the lithium carbonate output has increased to 100 tons per day
.
In addition, the company's new 20,000-ton/year battery-grade lithium carbonate plant is expected to be completed by the end of this year
.

　　Zangge Holdings relies on the Chaerhan Salt Lake to produce lithium carbonate.
In 2020, the sales volume of lithium carbonate was 2013.
4 tons, and the sales volume in the first quarter of this year reached 3195.
2 tons, which is more than the whole year of last year
.
At present, its daily output of lithium carbonate is about 30 tons, and it is planned to reach full production within this year
.

　　"The production of these projects may bring certain disadvantages to the lithium carbonate market
.
" Xu Ming analyzed
.