Lithium carbonate: downstream strength will drive prices to remain high

In 2021, the lithium carbonate market will rebound strongly after three years of silence, and prices will soar

Strong end demand

An important reason for the soaring price of lithium carbonate in 2021 is the strong development of downstream new energy vehicles

Industry data show that in 2021, China's new energy vehicle production will be 3.

This high growth trend is expected to continue in 2022

On January 18, 2022, the inter-ministerial joint meeting organized by the Ministry of Industry and Information Technology emphasized that in 2022, the goal of carbon neutralization should be implemented, the green development roadmap of the automobile industry should be compiled, and support policies such as the continuation of the purchase tax incentives for new energy vehicles should be studied and clarified as soon as possible.

"From the perspective of policy factors, the state's support for new energy vehicles is very strong.

Prices will remain high

　　Australian lithium miner Allkem said on January 18 that the surge in new crown pneumonia cases related to Omicron around the world will continue to affect the operation and mining activities of the lithium mining industry in the near future

　　"In 2022, the global installed capacity of terminals will increase by 70%, and the midstream will have a magnifying effect on terminal demand

　　A number of brokerage agencies believe that global sales of new energy vehicles will reach 10 million in 2022, and production and sales will increase rapidly

　　"It is expected that the international price of lithium carbonate will increase greatly in 2022, but from the current forecasts of most institutions on the domestic market, based on the surge in downstream cost pressure, it will be difficult to quote the price of lithium carbonate around 300,000 yuan in 2022, but still will remain high

　　It is recommended to pay attention to lithium extraction from salt lakes

　　According to Ou Yangyu, an expert in the lithium battery industry, the processes of the main salt lakes in Qinghai are basically finalized, the infrastructure is mature, and they have the foundation for substantial expansion

　　It is understood that Lanke Lithium's 20,000 tons/year lithium carbonate plant capacity will be released in 2022; Zangge Mining will produce 8,000 tons of lithium carbonate in 2021, and will ensure production of 10,000 tons in 2022; Jinhai Lithium Industry (Qinghai) 1 The 10,000-ton/year lithium carbonate project is expected to be put into operation on October 30, 2022

　　"The extraction of lithium from salt lakes can increase the supply of lithium resources