Lithium prices have skyrocketed, and many parties have guided prices back to rationality

At present, the sharp rise in the price of lithium resources and lithium salt products has aroused the concern of all parties, and relevant departments and relevant associations are actively guiding the rational return of the lithium salt market
.

Last week, the Ministry of Industry and Information Technology, together with the National Development and Reform Commission and the State Administration for Market Regulation, held a symposium on the operation of the lithium industry and the price increase of upstream materials for power batteries.
In response to the sharp rise in the price of lithium resources and lithium salt products, upstream and downstream enterprises in the industry chain are required to strengthen supply and demand.
Docking, work together to form a long-term and stable strategic cooperative relationship, and jointly guide the rational return of lithium salt prices
.

"The rational return of lithium salt prices is an inevitable condition for the sustainable development of the new energy industry chain
.
" Wang Xiaofeng, president of China Inorganic Salt Industry Association, said that the association will guide the industry, further promote the technological progress and production capacity release of lithium extraction from salt lakes, and increase lithium resources.
Exploration and salt lake development efforts, strengthen the comprehensive utilization of resources, and increase the supply of foreign lithium resources, and strive to help lithium salt prices return to normal levels in various ways
.

In recent years, the vigorous development of the new energy vehicle industry has driven the price of lithium and lithium salts to skyrocket
.
According to the data of Shanghai Steel Federation, as of mid-March, the price of battery-grade lithium carbonate has risen by 73.
79% this year, and the price of battery-grade lithium hydroxide has risen by as much as 121.
22%
.

"Currently, the supply of upstream resources in the lithium industry is insufficient, and the downstream lithium battery industry is developing rapidly, resulting in a sharp rise
in lithium salt prices.
Excessive lithium salt prices will increase the cost of downstream industries, which is not conducive to the healthy and sustainable development of the new energy vehicle industry
.
"Wang Xiaofeng said
.

A number of agencies predict that from 2020 to 2025, the proportion of lithium demand for new energy vehicles is expected to increase from 36.
5% to 64.
4%; the proportion of lithium demand for battery energy storage power stations is expected to increase from 5.
3% to nearly 20%
.
Although the release rate of global lithium resources is accelerating, and the five-year compound growth rate of lithium resource production will reach 31%, the growth rate of lithium resource demand is expected to be 36% in the same period, and the supply still cannot keep up with the demand growth
.

Zhu Jianmin, chairman of the board of directors of Aoke Holding Group, believes that in order to guide the rational return of lithium battery material prices, the regulator needs to intervene appropriately in the short-term irrational price increases of individual materials to guide the healthy development of the industry
.
At this stage, the main reason for the surge in lithium prices is the lack of upstream lithium ore resources, so we should focus on solving the problem of lithium ore resources
.
The upstream and downstream enterprises of the lithium battery industry chain should also strengthen the connection between supply and demand, and build a long-term and stable strategic cooperative relationship
.
In addition, the state should also focus on supporting enterprises with industrial chain advantages to become stronger and bigger, and create low-cost advantaged enterprises from the industrial chain, cost and technological innovation side
.

During this year's National People's Congress, Zeng Yuqun, a member of the National Committee of the Chinese People's Political Consultative Conference and chairman of CATL, suggested that the exploration and development of domestic lithium resources should be accelerated to ensure supply chain security
.
Chen Hong, deputy to the National People's Congress and secretary of the SAIC Party Committee, suggested effective integration and control of upstream resources such as lithium and cobalt
.
Yin Tongyue, deputy to the National People's Congress and chairman of Chery Automobile, suggested that new energy power battery materials should be included in the national strategic reserve resource management, and a special fund should be set up to support and encourage domestic companies to acquire overseas battery material resources to ensure the safety of the new energy vehicle supply chain
.