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The gap between supply and demand of lithium batteries exceeds 20%. The price of lithium carbonate in China doubled in four months
Latest company news about The gap between supply and demand of lithium batteries exceeds 20%. The price of lithium carbonate in China doubled in four months

 

In the past decade, due to the growing demand for lithium batteries, lithium capacity has increased significantly. According to statistics from BP, global lithium production fell 19.2% to 77000 tons in 2019, but it is still nearly four times the level of 10 years ago.

 

Driven by various favorable policies, new energy vehicle manufacturers continue to make efforts, and the global market ushers in a new round of development opportunities, which also makes the price of lithium carbonate and other raw materials for lithium battery rising. Although the related production capacity has increased significantly in recent years, it still cannot meet the demand.

 

The global new energy industry is booming, and the price of lithium battery is soaring

Globally, China is the largest lithium consumer, accounting for 57% of the world's lithium demand in 2019. And 60% of the demand comes from lithium batteries. In recent years, the importance of new energy vehicles has become increasingly prominent, and as the "heart" of new energy vehicles, the importance of lithium battery cannot be ignored.

In the past decade, due to the growing demand for lithium batteries, lithium capacity has increased significantly. According to statistics from BP, global lithium production fell 19.2% to 77000 tons in 2019, but it is still nearly four times the level of 10 years ago.

In 2020, the global lithium market will be in short supply for the first time in many years. This situation may continue this year. It is estimated that the demand for lithium in 2021 will be about 450000 tons, about 10000 tons higher than the supply. At the same time, the price of lithium carbonate began to rebound sharply at the end of last year, and accelerated to pick up after entering this year.

In order to ensure the safety of the supply chain, automobile manufacturers are also increasing their investment in the upstream of lithium batteries. According to reports, Tesla has cooperated with a number of lithium mines in different regions of the world. Savannah resources, a London based mining company, is also planning to develop the first large lithium mine in Western Europe. The increase of supply brought by the increase of investment will ease the pressure on the demand side to a certain extent.

 

China's lithium carbonate price doubled in four months

In four months, the price of battery grade lithium carbonate has doubled from 40000 Yuan per ton in December last year to 80000 Yuan per ton, almost every other day. Not only lithium carbonate, but also the prices of other lithium raw materials used in lithium batteries have continued to rise. Since January of the year, the prices of lithium carbonate, lithium hydroxide and lithium iron phosphate have increased by nearly 60%, 35% and 20%, respectively. Although the price of lithium continues to rise, affected by the market, the trend of lithium battery share price is just the opposite.

Since the second half of last year, the sales volume of new energy vehicles has increased month by month, and the installed capacity of lithium batteries has increased significantly, driving the demand for lithium carbonate and other lithium salts to grow significantly.

Pub Time : 2021-03-20 10:10:18 >> News list
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