The hottest lithium carbonate price fell, and the

2022-07-26
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The price of lithium carbonate fell and the profits of lithium mineral materials companies rose instead of falling.

after the sharp rise in prices last year, the price of lithium carbonate began to fall this year. Since the end of June, the price of lithium carbonate has continued to fall. On August 31, the average price of battery grade lithium carbonate of Shanghai Nonferrous Metals Co., Ltd. had dropped to 88000 yuan/ton, down about 48.2% from the beginning of the year

however, in the first half of the year, the revenues and profits of major domestic lithium carbonate material manufacturers such as Tianqi lithium and Ganfeng lithium increased instead of decreasing, and the sales and gross profit margin increased year on year

the performance and profit of lithium carbonate company rose year-on-year

the semi annual report recently released by Tianqi lithium shows that thanks to the growth of lithium product sales and prices, the operating revenue in the first half of the year was 3.289 billion yuan, a year-on-year increase of 36.24%; The net profit was 1.309 billion yuan, a year-on-year increase of 41.71%

in the first half of the year, the sales revenue of lithium concentrate of Tianqi lithium increased by 23.32% over the same period of the previous year, and the gross profit margin increased by 3.29 percentage points; The sales revenue of lithium compounds and their derivatives increased by 44.4% over the same period of last year, and the gross profit margin increased by 4.62%

in the first half of the year, Ganfeng lithium, a lithium giant, also achieved a promising performance, with a revenue of 2.332 billion yuan, a year-on-year increase of 43.47%; The net profit was 837million yuan, a year-on-year increase of 37.82%

among them, the revenue of deep processing lithium compound business increased by 27.34% year-on-year, and the gross profit margin increased by 4.67 percentage points year-on-year; The revenue of metal lithium series products increased by 69.89% year-on-year, and the gross profit margin increased by 17.79 percentage points year-on-year

another lithium mining enterprise, Yahua group, achieved a revenue of 1.364 billion yuan in the first half of the year, up 32.73% year-on-year; The net profit was RMB 153million, a year-on-year increase of 21.16%. Among them, the lithium industry realized a net profit of 55million yuan, a year-on-year increase of 74.45%

in fact, since the beginning of 2015, the ton price of lithium carbonate has risen from more than 40000 yuan at that time to 170000 yuan at the end of 2017, benefiting from the increased demand for lithium batteries brought by the national subsidy to the electric vehicle industry. Since the beginning of this year, the decline of subsidies has led to the market share being occupied by lithium hydroxide, and the price of lithium carbonate has fallen to about 125000 yuan/ton at the end of June

since the end of June, the price of lithium carbonate is still falling. On August 31, the average price of battery grade lithium carbonate of Shanghai Nonferrous Metals Co., Ltd. had dropped to 88000 yuan/ton, down about 48.2% from the beginning of the year

at present, the decline of lithium price has not had an impact on the performance of lithium mining enterprises

2. As we have said above, Tianqi lithium will acquire 24% of the equity of Chile mining and chemical industry (SQM) at the price of US $4.1 billion to expand the extraction efficiency of lithium carbonate. Last week, the company issued an H-share prospectus, and planned to land H-shares to raise funds for the acquisition of (4) post molding heat-treated products that are easy to remove residual stress

Tianqi lithium will also expand the production of talison greenbushes mine in Australia to improve the capacity of lithium concentrate. The second and third chemical grade lithium concentrate plants in the mining area are under construction and are expected to be put into production in the middle of 2019 and the fourth quarter of 2020 respectively. These two plants will increase the annual output of greenbushes mine to about 1.95 million tons, and continue to have the lowest production cost of chemical grade lithium concentrate

Tianqi lithium said that after the completion of the expansion project, it will provide continuous and sufficient raw material guarantee for the company's lithium salt projects at home and abroad, improve the company's market supply capacity and share, improve its profitability, and consolidate the company's leading position in the global lithium industry

Tianqi lithium is also laying out the lithium compound market, and plans to expand the metal lithium capacity of Chongqing Tongliang plant after long-term development, so as to take advantage of the future development opportunities of solid lithium batteries and other downstream applications of metal lithium

on August 14, Ganfeng lithium announced that Ganfeng international, a wholly-owned subsidiary of Ganfeng lithium, plans to invest in the Netherlands to set up a wholly-owned subsidiary, Dutch Ganfeng, which will acquire 37.5% of the equity of Argentine minera Exar company at a price of US $60.3 million

in the middle reaches of the industrial chain, the continuous expansion of lithium salt processing capacity has laid a leading position in the industry for the company. In 2017, the capacity of lithium carbonate ranked the fourth in the world, accounting for 10% of the global capacity; Lithium hydroxide capacity ranks third and first in the world and China respectively, accounting for 11% of the global capacity; Lithium metal capacity ranks first in the world, accounting for 47% of the global capacity

on the other hand, domestic salt lake brine lithium extraction companies are also actively tackling key technical problems and accelerating the expansion of production capacity

the lithium resource reserves of Qinghai Salt Lake Brine account for about 80% of the national reserves, accounting for about 26% of the global reserves. Due to low grade and high magnesium lithium ratio, it is very difficult to develop and utilize. According to Salt Lake Co., Ltd., its holding subsidiary Lanke lithium has overcome the technical problem of extracting lithium from salt lake brine with high magnesium lithium ratio

in the first half of the year, Lanke lithium produced 5329 tons of lithium carbonate, an increase of 129.4% over the same period last year, and sold 3949.5 tons, an increase of 78.47% over the same period last year

Qinghai Salt Lake BYD Resources Development Co., Ltd., another subsidiary of Salt Lake Co., Ltd., is planning to build a 30000 T/a battery grade lithium carbonate project, and Lanke lithium will also expand a 20000 t/a battery grade lithium carbonate project. In the future, the annual capacity of lithium carbonate of Salt Lake shares will reach 60000 tons

comments: the reasons are mainly reflected in two aspects. First, in terms of cost control, the price of lithium ore has also decreased while lithium salt has decreased this year, resulting in a decline in costs; In addition, in terms of lithium salt production line equipment, the production line upgrading capacity has been improved, resulting in less unit amortization

second, in terms of the market, although the power battery market is relatively sluggish for small and medium-sized enterprises this year, the production capacity has begun to concentrate with a high weight accuracy of 1%. Driven by the capacity expansion of large battery manufacturers such as catl, the demand for lithium carbonate has increased

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