In the first three quarters of 2022, under the influence of factors such as strong demand for new downstream energy and insufficient supply of lithium salts, the lithium industry maintains high prosperity.
In the first three quarters, the overall performance of listed companies in the lithium sector grew satisfactorily. According to Oriental Fortune Choice statistics, during the reporting period, the net profit of the nine listed companies in the “lithium” sector of the Shenwan industry more than doubled and achieved rapid growth. Among them, the “two heroes of the lithium industry” Tianqi Lithium,Ganfeng lithium industryIn the first three quarters, the net profit attributable to the parent company was 15.981 billion yuan and 14.795 billion yuan, respectively, with a year-over-year increase of 2916.44% and 498.31%, respectively. Net income attributable to the parent company of Rongjie shares has the highest year-over-year growth rate, reaching 4533.03%. The year-over-year growth rate of Tibet’s mining industry was relatively low, but it also reached 273.81%.
Lithium prices are high
Become a growth engine of business performance
For the collective performance of lithium companies in the first three quarters, the sales volume and price increase of lithium salt products are considered one of the important reasons.
Jiang Anqi, vice president of Tianqi Lithium, said in an interview with reporters that the evolution of lithium prices depends mainly on factors such as the general pattern of supply and demand of the lithium industry, market changes and economic conditions. . , will continue to be in a relatively tense situation, so it will take some time for the development of supply and demand of the lithium industry to reach a real equilibrium.
Ganfeng Lithium said that with the rapid development of the new energy industry, the market demand for lithium salt products continued to grow and the price of lithium salt products remained at a high level. “The overseas market in the first three quarters was very good. The company’s customer structure represented a high percentage of overseas customers. In the third quarter, lithium hydroxide prices overseas were high, which led to strengthened the company’s performance “. of Ganfeng Lithium told reporters.
According to data from the Shanghai Steel Federation,Price of lithium carbonateStill rising, on October 28, lithium carbonate for batteries increased by 4,500 yuan / ton, with an average price of 559,000 yuan / ton.
“The global lithium battery industry, especially the power lithium battery industry, ushered in a golden period of development. Looking ahead, it has become a global consensus to achieve the goal of carbon neutrality. . The global penetration rate of new energy is expected that vehicles will increase rapidly and the energy storage field will grow rapidly. To drive the demand for lithium, the above three factors are expected to continue to promote the growth of the automotive sector. lithium batteries, “said Jiang Anqi.
Companies with high self-sufficiency rates in lithium mines
Future profits are safer
The performance of lithium salt producers was differentiated in the third quarter. The third quarterly report shows that the lithium industry companies’ net profit has generally increased year on year, but there has been a difference in the monthly increase and decrease.For example, Jiangte Motor achieved a net profit of 612 million yuan in the third quarter, down 10.29% monthly.
“The presence of mines is an important factor affecting profits. Companies with stable sources of raw materials and higher self-sufficiency rates than lithium mines will have more guaranteed profits in the future.” Zhang, automotive industry analyst and Dean of Lo told reporters the New Energy Vehicle Technology Research Institute of Jiangxi New Energy Technology Vocational College Xiang.
Since 2022, the enthusiasm of lithium companies and capitalists to “buy mines” and “close mines” has been high. On October 31, Ganfeng Lithium Industry announced that it intends to invest in a full use project of lithium ore mining and dressing with an annual output of 6 million tons and a lithium battery salt project with an annual output. of 50,000 tons in Hengfeng County, Shangrao City, Jiangxi Province.
“At the moment, the supply of lithium ore in the entire sector cannot keep up, but the supply of raw materials from the company is still guaranteed. The projects are expected to go into operation for several consecutive years from ‘early next year and the company’s lithium ore self-sufficiency rate is expected to increase to 50%. The plan is in 2025. Reach over 60%. “
Upstream and downstream connection
Collaboration in the industrial chain is an important trend
With the continued high prosperity of the sector, synergy and cooperation between the upstream and downstream lithium battery industry chain are also being strengthened. In 2022, Shengxin Lithium Energy announced plans to introduce BYD as a strategic investor through a fixed increase. Ganfeng Lithium Industry actively cooperates with GAC Aian and other downstream enterprises, and Tianqi Lithium Industry has reached cooperation with China Innovation Airlines and Beijing Weilan.
Yang Yunjing, the founding partner of Wan Ventures, told reporters: “The in-depth cooperation between the upstream and downstream of the lithium battery supply chain is a signal that future industry competition has entered the resource-side competition. Collaborative cooperation between upstream and downstream of the lithium battery supply chain will be an inevitable trend in the industry. “
From the point of view of mid-upstream enterprises, the extension of the downstream corporate layout also contributes to further strengthening the competitiveness of enterprises, including the strengthening of the research and development strength,battery materialCorporate layout in other fields can become the focus of the next step.
Tianqi lithium industry introduced that the trend of linking vertical integration between upstream and downstream of the lithium industry is becoming more and more evident, and the industrial chain shows a trend of the industry from downstream development to upstream development and from upstream to downstream.This trend is in line with the overall development needs of the supply chain.
Jiang Anqi told reporters that the goal of the company’s future development strategy and business development plan is to expand mining, increase lithium salt production capacity, establish various forms of strategic partnerships with leading companies upstream and downstream in the value chain and expand the global business layout., will also strengthen research and development capabilities, improve the core technology reserves of the lithium battery value chain, and enhance the company’s core competitiveness .
