On the 18th local time, the 10th auction price of PLS lithium concentrate in Australia reached a new high, and the domestic forward spot price of lithium carbonate has also risen to more than 550,000 yuan per ton.
PLS lithium concentrate 10th auction price reached a new high
On the 18th local time, Pilbara Minerals Ltd. (PLS) announced that ahead of the 10th round of digital auction on the Battery Materials Exchange (BMX), it has accepted a pre-auction bid of $7,100 / ton with a 10% deposit. This offer is equivalent to the relevant CIF China equivalent basis of US $7,830 / ton and is expected to be shipped in mid-November.
Essence Securities Research Institute metals team pointed out that this indicates that the current resources continue to be tight. From the fundamental point of view, the spot transaction price of lithium salt has exceeded 550,000; Lithium hydroxide began to appear substantial shortage in September; The output of lithium iron phosphate in September exceeded 120,000 tons, and the new production capacity actively promoted the demand for lithium carbonate; As of Q2 of 22, global concentrate stocks have gone from the high point to 50,000 tons LCE.
The team believes that the toughness of the long-term high price of lithium is strong, the uncertainty of the new mine production on the supply side is strong, the energy storage on the demand side is still expected to grow at a high rate, the core is the current inventory level of the industrial chain is at a low level, especially the lithium concentrate is still continuing to warehouse, resulting in the current lithium salt capacity release is insufficient, once the downstream active storage lithium salt is vulnerable to structural shortages. In the long term, lithium resources have become a strategic resource for the global focus, the integration trend will continue to strengthen, and the spot market can be limited in trading volume.
From the domestic lithium carbonate price point of view, the current relevant forward spot price has risen to more than 550,000.
Previously, the Ministry of Industry and Information Technology had organized a symposium on the development of the lithium resource industry, emphasizing that upstream and downstream enterprises establish a long-term sharing of interests through the signing of long association and other ways, work together to maintain the smooth and stable supply chain, put forward a package of policy measures from the aspects of "more development, stable imports, reduction, and recycling", and coordinate with all parties to speed up the development and utilization of domestic resources and form a supply capacity as soon as possible.
Public information shows that nearly 80% of the world's lithium resource production is mainly concentrated in the four lakes of the Americas and six mines in Australia. Four companies, ALB of the United States, Livent of FMC of the United States, Telison of Australia (TLH) and Chile Mining and Chemical (SQM), together account for about 70% of the world's lithium mineral resources and about 90% of the world's lithium mineral energy.
A share lithium mining company in the third quarter of the highest pre-increase 51 times!
Last weekend, A-share related lithium mining companies pre-disclosed the third quarter performance, the performance of related lithium mining companies are very good.
Rongjie, controlled by Lyu Xiangyang, cousin of BYD chairman Wang Chuanfu, is the best performer.
The net profit of Rongjie stock in the first three quarters is expected to be 1.2 billion yuan to 1.3 billion yuan, an increase of 4330.99% to 4700.24%, and the net profit in the third quarter is expected to be an increase of 4065.42% to 5106.78%; The price of upstream material products in the lithium battery industry continued to rise sharply, the demand for lithium materials and lithium equipment continued to increase, and the company's operating income and profit of lithium concentrate, lithium salt and lithium equipment increased significantly.
Not only that, compared with the net profit of 322 million yuan in the second quarter, the net profit of Rongjie shares in the third quarter is expected to be 600 million yuan to 750 million yuan, an increase of 86% to 133%.
Ganfeng Lithium and Yongxing Materials' earnings are similar to Rongjie's.
Ganfeng expects its net profit in the first three quarters to range from 14.3 billion yuan to 15.3 billion yuan, up 478.29% to 518.73% year-on-year; Net profit in the third quarter was 7.046 billion yuan to 8.046 billion yuan, an increase of 567.19% to 661.88%. Moreover, compared to the second quarter, the third quarter net profit is expected to increase 89% to 116% sequentially.
Yongxing Material is expected to net profit in the first three quarters of 4.183 billion yuan to 4.403 billion yuan, an increase of 660% to 700%; Among them, the third quarter net profit is expected to be 1.919 billion yuan to 2.139 billion yuan, an increase of 675.12%-764.02%, an increase of 32%-47%.
While the other two lithium mining companies are happy in the first three quarters of performance, there may be some hidden worries.
Tianqi Lithium expects its net profit in the first three quarters to range from 15.2 billion yuan to 16.9 billion yuan, up from 2768.96% to 3089.83% year-on-year; It is estimated that the net profit of the third quarter is 5 billion yuan to 6.5 billion yuan, an increase of 1026.1% to 1363.92%. However, the company's third-quarter net profit is expected to fall 7% to 28% sequentially.
Xizang Mining expects net profit of 450 million yuan to 600 million yuan in the first three quarters, an increase of 251.88% to 369.17%. However, the company's earnings in the first two quarters of the company, the third quarter of the company not only negative growth, and the worst case may also lose 0.25 million yuan.
Source: China Fund News
