Qianjiang Evening News hourly news reporter Liu Qianxin
Today's A-share market continues to rebound, and the electric vehicle and photovoltaic sectors in the main line of new energy have risen sharply, among which the lithium ore plate is stimulated by the news, and the increase ranks first among the plates in the two cities.
Tesla and others seized lithium resources, and the lithium ore plate rose sharply to dominate the screen
Today, the lithium ore plate collectively danced, dominating the screen increase list. The lithium ore sector index rose sharply, rising more than 7% intraday and closing up 5.32%. Among them, 6 shares such as Tianqi Lithium and China Mining Resources rose by more than 10%. Ganfeng Lithium, Salt Lake shares, Rongjie shares and other shares rose by more than 6%. Individual stocks in the new energy vehicle sector have also risen sharply, such as Penghui Energy, Tongguan Copper Foil, Zhongwei Shares, etc. rose by more than 8%.
The two cities have a list of increases in various sectors
The activity of the new energy vehicle sector has also driven the photovoltaic stocks and energy storage sector. Jinlang Technology, Goodway, Sunshine Power and other rose by more than 5%. The photovoltaic sector index rose 1.53%, and the energy storage sector index rose 1.63%.
On the news side, Tesla signed a large order for lithium ore procurement with Australian lithium miners, purchasing 100,000 dry metric tons of spodumene concentrate in the first year. Liontown will supply lithium ore from its Kathleen Valley lithium mine project in Western Australia, which is expected to begin commercial production in 2025. Supplies to Tesla will account for about a third of the project's annual capacity.
The agency pointed out that the australian lithium ore production disturbance continued, the fourth quarter of the production fell month-on-month, lithium ore prices are expected to exceed 3000 US dollars / ton in the first half of 2022. In addition, many governments said they would strengthen industrial protection and establish independent industrial chains. With the increasing demand for lithium, salt lake brine-type lithium resources will be developed under the strategic demand of diversified types and supply security.
Lithium Plate Index
Affected by this, the concept of lithium extraction in the salt lake and the lithium ore sector in the A-share market have been sought after by funds, and China Mining Resources and Yongxing Materials have taken the lead in sealing the board.
Market analysts believe that Tesla is preempting lithium resources. Since last year, lithium ore prices have continued to rise, and after the Spring Festival this year, this wave of rally is still continuing.
According to the latest 2021 quarterly report released by international lithium mining giant Yabao, the average selling price of the company's lithium products rose by 18% in 2021, and it is expected that the price of lithium products will increase by 40% to 50% year-on-year in 2022, and sales will increase by 20% to 30%.
Lithium ore sector increase list
In the A-share market, related listed companies are also continuing to tighten their efforts to lock in lithium resources.
On the evening of February 16, Yahua Group announced that at present, The Australian Core Company has started mining construction as planned, and it is expected that the company will provide lithium concentrate as agreed in the fourth quarter of this year. On the same day, Yahua International Investment and Development Co., Ltd. (hereinafter referred to as "Yahua International"), a subsidiary of the listed company, signed a supplementary agreement to the "Acquisition Agreement" with a wholly-owned subsidiary of Core Australia, which adjusted the reference price and maximum price of lithium concentrate in the original agreement, and re-agreed on the relevant terms of delivery of products at FOB price. In the future, if Core Australia intends to expand the production of the project and have additional products available for sale to Yahua International, the parties will further discuss the sale and purchase agreement for additional products.
Yahua Group said that the adjustment of the highest price makes some of the company's lithium concentrate have a greater cost advantage, and with the continuous output of Core's lithium concentrate, it will open up another stable raw material supply channel for the company. The company will continue to lay out upstream lithium resources and enhance the resource guarantee capacity for the expansion of lithium salt production capacity in the future.
Recently, Yahua Group also said in response to institutional questions that the company reserves lithium resources through various channels, and the existing lithium resource supply channels can meet the needs of lithium salt production in 2022. For example, it renewed its lithium concentrate underwriting agreement with Galaxy Lithium until 2025. Galaxy Lithium provides no less than 120,000 tons of lithium concentrate supply every year according to the production needs of listed companies, which will provide long-term, stable and high-quality raw material guarantee for the company's future production of lithium salt products; at the same time, it has participated in 5.01% of the equity of Australia Eastern Resources Company, has signed a strategic cooperation agreement, and the company has locked in lithium ore targets with Eastern Resources Company and will continue to cooperate in the development of lithium resources. In addition, the company is also continuing to follow up other domestic and foreign lithium mine and salt lake projects, and actively layout upstream lithium resources.
The future of electric vehicles is the sea of stars, lithium, cobalt, nickel all have opportunities
In 2021, the global electric vehicle market has exploded, and the penetration is expected to reach about 8%, and companies with lithium resources such as Tianqi Lithium, Ganfeng Lithium, China Mining Resources, Salt Lake Shares, Rongjie Shares, Yahua Group, and Shengxin Lithium Energy have also become big bull stocks in the A-share market. In 2022, how fragrant will lithium resources be? Can "lithium" still go around the world?
Guotai Junan believes that with the rapid increase in the penetration rate of electric vehicles, lithium as an indispensable raw material in the upstream, the industry and the company are expected to fully enjoy the rapid expansion of the volume and price rise. Under the background of the carbon neutral era, green travel represented by electric vehicles has become an important support for carbon reduction. The Chinese, American and European governments have intensively introduced new energy vehicle support policies, and the global penetration rate of electric vehicles is expected to increase rapidly. Lithium is an indispensable raw material in various power batteries, and its proportion is stable, and the demand growth rate is the fastest. At present, the global lithium supply mainly comes from Australia and South America, and it is difficult to match the growth rate of demand in terms of the existing capacity planning of global lithium companies.
CITIC Securities said that the price of Australian lithium concentrate rose to $1600-1800/ton in the fourth quarter of 2021, up 100% from the previous quarter. Benefiting from the rapid rise in lithium compound prices and the change in sales models of Australian lithium mining companies, lithium concentrate prices accelerated in the fourth quarter of 2021. According to the guidance data of relevant enterprises, it is expected that the price of Australian lithium concentrate will rise to $3,000 / ton in the first half of 2022. The sharp rise in lithium concentrate prices will cause the cost of domestic lithium salt production enterprises to rise, further boosting the price of lithium.
Bohai Securities said that it is expected that supply and demand will continue to be tight in 2021-2023, and the lithium price hub will continue to rise, and it is expected that the supply and demand gap in 2021-2023 will be -15.1, -9.9 and -34,000 tons of LCE, respectively. Lithium raw materials are substantially short, and it is estimated that the downstream acceptance of price increases is better, and it is expected that the price center will continue to rise in 2022 and 2023, and the industry's profitability will be guaranteed. Enterprises integrating resource processing will have core advantages.
Guotai Junan expects that benefiting from the outbreak of demand for new energy vehicles and energy storage, the demand for lithium industry is expected to maintain a compound growth rate of more than 30% in the future. In 2022, the contradiction between supply and demand in the lithium industry is still prominent, and the gap between supply and demand lies in the resource side of the slow expansion rate, which is optimistic about the high price of lithium and its sustainability. It is recommended to recommend companies with high resource self-sufficiency rate and strong growth, including Tianqi Lithium, which has the world's best mining resources, Ganfeng Lithium, which has achieved cost reduction and profit improvement by adjusting the structure of lithium raw materials in the medium and long term, and Shengxin Lithium Energy (002240. SZ) and so on.
Minsheng Securities believes that carbon neutrality will promote the reshaping of the global energy system, and after a critical step from 0 to 1 in 2021, the future electrification growth curve will be steeper. The contradiction between the demand growth of a larger number of downstream levels and the lag of upstream capital expenditure will become more and more prominent, and the logic of resource scarcity will continue to strengthen, and the continuous premium on the resource side will continue to be optimistic.
With the acceleration of the global electrification process, the supply and demand structure of energy metals has been tight for a long time, and in 2022, it will continue to be optimistic that lithium prices will reach a new high, and the price of cobalt-nickel rare earths may show high steady-state fluctuations. Among them, cobalt resources are facing increasing supply pressure in the short term, but the epidemic continues to affect transportation, and prices fluctuate at a high level for a long time or at a high level. The resumption of Mutanda production will increase the pressure on the supply side, but in the future, with the expansion of the power demand base in the supply and demand structure of cobalt products, the demand for new energy in consumer electronics will be good for a long time, and the transportation of cobalt raw materials in South Africa under the global epidemic will still be blocked, and the price of cobalt products may have certain support.
Minsheng Securities recommends focusing on: Salt Lake Shares, Ganfeng Lithium, Tianqi Lithium, Yongxing Materials, Tibet Mining, Shengxin Lithium Energy, China Mining Resources, Yahua Group, Tianhua Chaojing, Zangge Mining in the lithium sector, Huayou Cobalt, Hanrui Cobalt and Shengtun Mining in the nickel and cobalt sector. Rare earth magnetic material plate of the northern rare earth, Jinli permanent magnet, Zhenghai magnetic material, Ningbo Yunsheng, Hengdian East magnetic, dadi bear.
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