On the design values that will continue to benefit from the “war for lithium”
Over the past 18 months, the “core shortage” has been the main constraint faced by car manufacturers, but as electric vehicles As market demand gradually increases, "lithium deficiency" may gradually become a more serious constraint. So today the editor is here to sort out the relevant knowledge about lithium batteries, let's take a look!
Albemarle predicts that the lithium market will be tight for several years
As electric vehicles gradually become a dominant trend globally, competition for lithium resources is becoming more and more fierce.
This year, Stellantis, BMW and many other renowned automakers have invested in lithium technology startups.Last week, General Motors also announced that it would make an upfront payment of $200 million to Livent, a lithium technology company, to obtain a stable supply of lithium battery raw materials such as lithium hydroxide. .
Albemarle CEO Kent Masters said that despite efforts to release more lithium into the market, supply will still be limited.
“This (supply and demand) situation has been systemic for some time,” Masters said of the challenges facing the lithium industry. "In seven to eight years, "the situation will remain quite tense."
While the prices of many commodities have fallen in recent months due to the increased risk of recession, the prices of lithium were an exception
After lithium prices reached US$70,000/ton in early April, lithium prices did not fall sharply.t, but have stabilized at a high level. Supporting this has been the booming electric vehicle market. Thanks to the red-hot lithium market, Albemarle has raised its profit forecast three times this year.
Has Wall Street overestimated how quickly lithium companies can ramp up production?
Recently, some banks and research institutes have become less optimistic about the outlook for lithium prices, according to Goldman Sachs analysis. The analyst pointed out that technological advances (particularly lithium mining technology in salt lakes) could lead to an increase in the offer within a few years.
But Eric Norris, president of Albemarle's lithium business, said Wall Street's expectations for an increase in lithium supply actually overestimated the ability of lithium producers to increase their production.
He mentioned that demand from automakers has become “broader, deeper and more certain,” while lithium mining companies have been a bit slow to advance project construction.
Lithium producers often deliver 25% less than expected due to long supply delays and technical problems, he added.
According to a report released last month by the International Energy Agency (IEA), the world will need to add 60 new lithium mines by 2030 to meet all governments' decarbonization plans .
However, it typically takes 6 to 19 years for a lithium mining project to move from initial feasibility study to actual production. Of all the technologies involved in batteries, it is the most time-consuming.
What are the main stocks of lithium batteries?
Guoxuan Hi-Tech 002074:
Leading stock of lithium batteries. Guoxuan Hi-Tech's operating profit in 2021 was 10.356 billion, a year-on-year increase of 54.01%.
The foreign subsidiary signed a strategic sourcing and localization agreement with a major publicly traded automobile manufacturer in the United States. The two sides hope to achieve strategic cooperation in the supply and purchase of lithium iron phosphate batteries.
The stock price increased by 28.53% in the last 30 days and the stock price will fall by -7.88% in 2022.
Model Tianqi 002510:
Lithium battery faucet. The 2021 annual report shows that the company's operating profit was 1.879 billion yuan, an increase of 39.62% year-on-year, and the compound growth rate over the past three years was -6.92%.
Zhejiang Spacetime Ene Joint Stock Companyrgy Technology Co., Ltd. (30% stake) is an innovative enterprise focused on R&D, production and sales of electric battery systems. It mainly develops and sells large battery systems. -Large capacity and high power lithium batteries. Ion batteries, energy storage batteries, general batteries and customized products with personalized solutions.
Over the past 30 trading days, Tianqi Momo rose over 16 days, with an overall increase of 10.29% during the period, with the highest price being 4.49 yuan and the lowest price of 3.73 yuan. Compared with 30 trading days ago, the market value of Tianqi Mo increased by 405 million yuan, an increase of 10.29%.
Shenzhen Konka A000016:
Looking at the last 3 trading days, Shenzhen Konka A fell over 2 days, with an overall decline of 8.28% during the period , the highest priceé being 6.28. yuan and the lowest price was 6.51 yuan, the total market value fell by 1.18 billion yuan, a decrease of 8.28%. The acquisition of circuit board and lithium battery projects has been halted.