Founder Securities: Prices of non-ferrous industry and industrial metals are weakening, and gold prices are reaching new highs.
Domestic demand for industrial metals has entered the off-season, coupled with increasing expectations of a U.S. economic downturn. Industrial metal prices may remain weak, and attention can be paid to downstream demand changes in the off-season. In addition, the expectation of interest rate cuts is gradually fermenting, coupled with the weakening of the U.S. credit system, and the short-term gold price may maintain a high-level shock trend.
A stock midday review: The Chinext Price Index rose 0.1%, with more than 4300 stocks rising. The photovoltaic sector has triggered a wave of limit-up trading.
As of the midday closing, the Shanghai Composite Index fell 0.42% to 2889.62, the Shenzhen Component Index rose 0.13%, and the Chinext Price Index rose 0.1%. Over 4300 individual stocks increased.
HK stocks move | Tianqi Lithium Corporation (09696) rebounded by over 4%. The impact of the earthquake in Chile on local salt lake enterprises is limited. The company is the second largest shareholder of SQM.
Shares of Tianqi Lithium Corporation (09696) have rebounded more than 4%. As of the time of writing, they have risen 3.94% to HKD 21.1, with a turnover of HKD 12.9375 million.
Lithium battery stocks under pressure, BYD Electronic (00285) fell 3.7%. Cui Dongshu expects that the demand for electric vehicle batteries will grow slower than the total vehicle growth.
Jingu Finance News | Lithium battery stocks under pressure, BYD Electronic (00285) fell 3.7%, Tianqi Lithium Corporation (09696) fell 3.01%, Ganfeng Lithium (01772) fell 2.33%, and Zhongchuangxinhang (03931) fell 2.44%. Cui Dongshu, secretary general of the China Passenger Car Association, wrote that lithium battery installations in June 2024 reached 43 GWh, an increase of 30% YoY. The installation of ternary batteries was 11 GWh, accounting for 26%, which is lower than the same period last year. The installation of lithium iron phosphate batteries was 32 GWh, accounting for 74%, and the growth rate of ternary batteries has slowed down. The total lithium battery installations from January to June was 203 G, a YoY growth of 3.
Cui Dongshu: In June, 43 GWh of lithium batteries were installed, with phosphate iron lithium batteries accounting for 74%, and the growth of ternary batteries slowing down.
In June, the shipment volume of lithium batteries was 43 GWh, a 30% YoY increase; the shipment volume of lithium iron phosphate batteries was 32 GWh, accounting for 74%, and the growth of ternary batteries slowed down. From January to June, the shipment volume of lithium batteries was 203 G, with a YoY increase of 34%.
Tianqi Lithium Corporation (002466.SZ): As of now, the company holds a total of about 22.16% of the equity in SQM.
Tianqi Lithium Corporation (002466.SZ) stated on the investor interaction platform on July 19th that it is currently unable to determine the financial impact of implementing the Partnership Agreement according to the Announcement of the Partnership Agreement signed by SQM and Codelco disclosed on May 31, 2024. Based on the bullish development prospects of the new energy fund in the long term, as well as the excellent resource endowment of SQM, the company invested USD 4.066 billion in 2018 to acquire a 23.77% shareholder stake in SQM, becoming its second largest shareholder. As of now, the company holds SQM partner.
The surplus situation is difficult to change, and the price of lithium carbonate continues to decline! How long can the cost line of 0.08 million yuan/ton last?
Approaching the cost line
Soochow Securities: domestic forklift lithium battery short delivery advantage can be sustained, bullish on increasing market share and structural optimization for going abroad.
In 2024, under the trend of tightening eco-friendly policies, the stock of National IV diesel vehicles will replace National II and below diesel vehicles, and the penetration rate of high-value lithium electric forklifts will increase. Domestic sales are expected to continue to grow, optimizing the structure.
The contradiction between supply and demand is prominent! The price of lithium carbonate continues to fall, and the cost line of 80,000 yuan/ton is in danger.
Due to oversupply and continuous insufficient demand, the price of lithium carbonate has been falling steadily in the recent period.
Tianqi Lithium Corporation (002466.SZ): As of July 10th, the number of A-share shareholders of the company is 0.2931 million.
Tianqi Lithium Corporation (002466.SZ) stated on the investor interaction platform on July 17 that as of July 10, 2024, the number of A-share shareholders in the company was 293,080.
Guotou Securities: production and sales volume increased year-on-year, lithium concentrate prices under pressure.
As global lithium mining exploration and production projects are gradually completed and put into operation, the continuous increase in resources has led to stable growth in production and sales of mining companies. However, the continuous decline in sales prices has further boosted sales while dragging down the company's performance.
Express News | Chile Financial Regulator Rejects Tianqi Lithium's Appeal to Reconsider Sqm-Codelco Deal
Market Chatter: Tianqi Lithium Mulls Construction of Battery Factory in Europe
Guolian Securities: There is still a possibility of further decline in lithium prices in the second half of the year, and it is expected to accelerate the clearing of production capacity at that time.
Zhitong Finance and Economics App learned that Guolian Securities released a research report stating that based on the import volume of lithium salts in China from January to June, domestic production and sales of new energy, the current supply of lithium salts is still in a loose state. In the previous round of the lithium cycle, lithium resource stocks hit the bottom before lithium prices, and current lithium prices have reached the cash cost of high-cost suppliers. If the supply and demand remains loose in the second half of 2024, it is not ruled out that lithium prices may further decline, and then it is expected to accelerate production capacity clearance. In the new cycle, targets with secure resources and increasing production capacity each year are more elastic. Recommendation: Sinomine Resource Group (002738.SZ), Tianqi Lithium Corporation.
Shareholders in Tianqi Lithium (SZSE:002466) Are in the Red If They Invested Three Years Ago
Sodium-electric and semi-solid, half flame and half seawater | Jianzhi Research
Thanks to the new energy autos achieving a record high in delivery, the production, sales and installation volume of power batteries also hit a new high in June this year in all dimensions.
Revolutionary changes in lithium mining? IBAT has achieved commercialization of new lithium extraction technology for the first time.
The metal that is crucial for energy transition—lithium, has had a major breakthrough in mining technology. With the direct lithium extraction (DLE) technique, lithium production capacity is expected to double compared to current levels.
After photovoltaics, leading lithium salt companies also started to suffer huge losses. | Jianzhi Research
Tianqi Lithium Corporation and Ganfeng Lithium both reported losses in the first half of the year.
Tianqi Lithium: Volatility in Lithium-Product Market Caused Substantial Fall in Sales Price of Lithium Products >002466.SZ
Tianqi Lithium 1H23 Profit Was CNY6.45B >002466.SZ
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