Lithium raw material prices continue to rise

Lithium raw material price status

With the increase in demand for power batteries and the implementation of relevant support policies, the lithium battery industry chain is generally welcome good news, and the price of upstream raw materials has continued to rise recently. Business data show that as of The 13th, the mainstream price of power-type lithium iron phosphate 51,000 yuan/ton, industrial grade lithium carbonate price 84,000 yuan/ton, battery lithium hydroxide mainstream price 96,000 yuan/ton, up from the beginning of June by 1,000 yuan/ton, 4,000 yuan/ton, 8,000 yuan/ton.

In addition, the price of lithium hexafluorophosphoric acid, an important upstream raw material for lithium battery electrolytes, has continued to rise since the second half of 2020.China Post Securities Research report pointed out that since July, the price of lithium hexafluorophosphoric acid has risen more than 50,000 yuan/ton compared with the beginning of July.This round of lithium battery industry chain economic recovery started in September 2020, so far, the price of lithium hexafluorophosphoric acid has increased more than four times since the low point.In fact, since the first half of 2021, including lithium salt, lithium iron phosphate, electrolyte (including hexafluorophosphoric acid lithium, VC solvent, etc.) and many varieties of lithium raw materials prices continue to rise.

Lithium raw material price development

The agency pointed out that in the next few years, new energy vehicles and lithium batteries are expected to usher in a "golden age", and with the surge in downstream demand for lithium batteries, lithium family, solvents, electrolytes and other basic chemical raw materials may usher in a "price rise" trend.Ping An Securities research report said demand growth will be the main driver of the lithium industry.In 2021, the new capacity of global lithium ore is less, the pre-supply surplus is more prominent, the problem is easing, the price of lithium ore and lithium salt is relatively strong.Citic Construction investment believes that under the current supply and demand structure, the structural shortage of lithium resources may continue to the second half of 2021, and there is a strong certainty that the price of lithium hydroxide and lithium carbonate will rise.