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A few days ago, the United States Geological Survey (USGS) released preliminary statistics on the production of lithium and cobalt in global mines in 2021
.
Data show that in 2021, global lithium and cobalt production will increase by more than 20%
USGS believes that the increase in lithium production is mainly due to strong market demand for lithium-ion batteries and rising lithium prices
.
Global lithium consumption in 2021 will be about 93,000 tons, an increase of 33% over the previous year
For the reason for the record high cobalt production, USGS said it was mainly due to the increase in production from existing mines
.
Not only has the output increased significantly, but the prices of lithium, cobalt and industrial chain products have also skyrocketed
.
In 2021, the spot price of electrolytic cobalt in China is 363,000 yuan (ton price, the same below), an increase of 40.
1% over the previous year; in the lithium industry chain, the average spot prices of lithium carbonate and lithium hydroxide are 122,000 yuan and 113,000 yuan respectively.
, up 177% and 117% respectively over the previous year
CITIC Securities predicts that the global lithium price will resonate upward in 2022.
In the first half of the year, the price of lithium concentrate in Australia will rise to more than US$3,000, the price of lithium carbonate in South America will rise to US$25,000, and the price of lithium products in the Chinese market will also remain high
.
Due to the rapid rise in lithium prices in 2021, concerns about resource supply and cost control in the downstream of the industrial chain have been raised.
In 2022, the cobalt market will still have a tight supply situation, boosting prices
.
It is expected that the cobalt price center is expected to run above 450,000 yuan in 2022, an increase of more than 20% from 2021
