lithium battery: lithium cobalt prices continue to rise

lithium cobalt prices continue to rise

production and sales of new energy vehicles rebounded, downstream demand was strong, and lithium and cobalt prices continued to rise. According to the China Association of Automobile Manufacturers, from January to August this year, 346000 and 320000 new energy vehicles were produced and sold, up 33.5 and 30.2 year on year. Strong demand drove the price of lithium battery materials to rise. During the reporting period (September 18-September 24), battery-grade lithium carbonate rose 4.23 to 172500 yuan/ton, and Yangtze River cobalt rose 1.14 to 442500 yuan/ton. It is suggested to pay attention to lithium (Tianqi, Ganfeng), cobalt (Huayou, Hanrui, Luo Mo). Salt lake, mica lithium technology has a breakthrough, or slow release, can pay attention to Tibet mining, Tibet city investment, Jiangte motor and so on. With the steady development of the new energy industry, copper foil, nickel sulfate are benefited, can pay attention to Nord shares, Greenmei.

lithium: battery grade lithium carbonate prices rose 4.23 to 172500 yuan/tonne

reporting period, the price of industrial grade lithium carbonate remained unchanged at 146500 yuan/ton, while the price of battery grade lithium carbonate increased by 4.23 to 172500 yuan/ton. The price of lithium hydroxide remains unchanged at 154000 yuan/ton. New energy vehicle production and sales, lithium carbonate demand is strong, but the upstream lithium concentrate raw material supply is tight, driving lithium carbonate prices upward, focus on the target: Tianqi lithium industry, Yanfeng lithium industry, Rongjie shares, Weihua shares, Yahua Group and so on. With the development of salt lake lithium and mica lithium technology, its production capacity is expected to be slowly released, focusing on the target: salt lake lithium (Tibet Mining, Tibet City Investment, Zangge Holdings, etc.), mica lithium (Jiangte Electric).

Cobalt: International and domestic cobalt prices have risen.

reporting period, the price of cobalt in the Yangtze River rose 1.14 per cent to 442500 yuan/tonne, the price of MB cobalt (high-grade) rose 1.19 per cent to $29.85/lb, and the price of MB cobalt (low-grade) rose 0.69 per cent to $29.30/lb. After a few weeks of consolidation, overseas cobalt prices rose again, driving up domestic cobalt prices, the current domestic imports of cobalt supply is not much, the price is strong and is expected to continue to rise. Focus on the target: Huayou cobalt industry, cold cobalt industry, Luoyang molybdenum industry.

copper foil: new energy automotive industry development favorable copper foil processing fees

the current production and sales of new energy vehicles continue to increase, driving the market demand for lithium batteries, the replacement of 6um copper foil market is accelerating, or there is a situation of short supply. SMM believes that copper foil processing fees will continue to rise in 2017. Focus on the target: Nord shares.

nickel: nickel sulfate price stable operation

reporting period, the price of nickel sulfate in the Yangtze River Nonferrous Market remained unchanged at 26000 yuan/ton. Focus on the target: Grimme.

Risk Alert

new energy vehicle industry policy was less than expected, and the production and sales of new energy vehicles were less than expected.