NEWS

Over 5 power battery companies set foot in upstream lithium mine

  • Categories:News
  • Author:
  • Origin:
  • Time of issue:2020-04-21
  • Views:0

(Summary description)On the demand side, according to data from the China Geological Survey, annual production of 2 million new energy vehicles will be achieved by 2020, and lithium product consumption will reach 80,000 to 100,000 tons of lithium carbonate equivalent, exceeding the national lithium product consumption in 2015. On the premise that the demand in other fields remains unchanged, the development of the new energy vehicle industry will lead to an average annual growth rate of 10% to 15% of the demand. It is expected that the demand for lithium in 2020 will reach 150,000 tons of lithium carbonate equivalent.

Over 5 power battery companies set foot in upstream lithium mine

(Summary description)On the demand side, according to data from the China Geological Survey, annual production of 2 million new energy vehicles will be achieved by 2020, and lithium product consumption will reach 80,000 to 100,000 tons of lithium carbonate equivalent, exceeding the national lithium product consumption in 2015. On the premise that the demand in other fields remains unchanged, the development of the new energy vehicle industry will lead to an average annual growth rate of 10% to 15% of the demand. It is expected that the demand for lithium in 2020 will reach 150,000 tons of lithium carbonate equivalent.

  • Categories:News
  • Author:
  • Origin:
  • Time of issue:2020-04-21
  • Views:0
Information

On the demand side, according to data from the China Geological Survey, annual production of 2 million new energy vehicles will be achieved by 2020, and lithium product consumption will reach 80,000 to 100,000 tons of lithium carbonate equivalent, exceeding the national lithium product consumption in 2015. On the premise that the demand in other fields remains unchanged, the development of the new energy vehicle industry will lead to an average annual growth rate of 10% to 15% of the demand. It is expected that the demand for lithium in 2020 will reach 150,000 tons of lithium carbonate equivalent.

On the supply side, Gaogong Lithium Battery learned that the global lithium resource reserves are huge, but the shortage of battery-grade lithium carbonate is mainly due to two reasons:

First, the effective supply of lithium ore is limited and slow. Lithium mine monopoly in several leading enterprises such as SQM, FMC, etc., plus the difficulty of mining lithium resources, the development of lithium extraction technology is slow, and the effective supply is insufficient; at the same time, the consumption of lithium mines is much faster than the supply, so that lithium resource mining often lags the market demand ;

Second, under the premise of sufficient lithium ore, there is a time difference in the release of new capacity for battery-grade lithium carbonate. Especially due to various internal and external factors such as seasons, brine stop lithium, infrastructure, etc., the release cycle of new production capacity is prolonged. GGII analysts said that the capacity release cycle is at least a year and a half.

From the beginning of 2015, lithium carbonate was less than 50,000 yuan/ton, and in 2016, even 180,000 yuan/ton was difficult to pick up. At present, lithium carbonate is still hovering at a high of 150,000 yuan/ton.

On the one hand, there is strong demand in the power battery market; on the one hand, lithium mines and lithium carbonate are in short supply. The disconnection of supply and demand fundamentals has become the root cause of the frequent fluctuations and rising prices of lithium carbonate prices.

Scan the QR code to read on your phone

Contact Us

Add: 4th Floor, Building A, Dabang Science and Technology Park, Laixing Industrial Zone, Tangxing Road, Xinju Town, Huiyang District, Huizhou City, Guangdong Province

二维码

Sweep and follow our public account