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Lithium battery raw materials in 2017 Views [0] Published: 2017-12-26 16:41:12

The most popular word for 2017 lithium battery raw material market is "up." 2017 year cobalt, lithium market prices have shown varying degrees of rise. Especially cobalt, according to Shanghai Nonferrous Metal Net, electrolytic cobalt has risen from 477,000 yuan / ton to the highest of 515,000 yuan / ton, up 10.44% from the previous month. In accordance with the transaction price of 515,000 yuan / ton, up more than 88% over the beginning of the year.

In recent years, with the rise of the global electric vehicle industry, lithium, as an important raw material for lithium batteries, lithium prices soared. Due to the reserves of mineral resources and capacity, China relies heavily on overseas cobalt and lithium resources. At present, 90% of the domestic cobalt resource demand depends on overseas imports and 70% of the demand for lithium resources depends on overseas imports.

Data forecast that global demand for lithium carbonate will reach 21.91, 25.09 and 293,000 tons respectively from 2017 to 2020, up by more than 10% over the same period of last year. According to Roskill, an industry data service, global demand for lithium will reach 1 million tons by 2026, with a compound annual growth rate of 18%. The main driving force will come from the battery industry, especially the new energy vehicle power battery industry. As a result, due to the rapid development of new energy vehicles industry, the gap between supply and demand of lithium mine will further increase and the value of lithium mine as a rare resource will have further room for improvement. Price increases will become inevitable market trends.

Cobalt ore, Cobalt has proved very low reserves of the world, mostly associated with other metal deposits, mining complex separation technology, mining costs are very high. According to industry media reports, the current global cobalt consumption growth of about 60% of the proportion from China, China has become the world's largest consumer of cobalt. The global cobalt ore is mainly concentrated in the DRC, Australia and Cuba. As of 2016, the Congo (DRC) proved the reserves of cobalt reached 3.4 million tons, ranking the first in the world, while the reserves of cobalt in our country are only 8% Tons of tons of cobalt reserves are extremely low.

International cobalt giant Cobalt27 recently "store Cobalt" behavior for the new energy companies out of his throat. Cobalt27 announced that it will issue 85 million Canadian dollars (about 437 million yuan) of ordinary shares to buy and sell 720 tons of high grade cobalt metal. In fact, the company purchased 2157.5 tonnes of cobalt in June, including 1,486.5 tonnes of premium grade cobalt metal and 671 tonnes of standard metallic cobalt.

From November 3 to December 8, the prices of high-grade cobalt in the international market rose by 10% and 19%, while the price of low-grade cobalt metal rose by 8% and 7% respectively. Cobalt27 announced the generous acquisition of metallic cobalt is considered to be an important promoter of the recent upward price of cobalt. The industry believes that, Cobalt27 more like a ETF fund of cobalt products. The establishment of Cobalt27, the original hidden stockpile behavior into listed ETF products, will greatly expand the social capital into the cobalt industry channels. Cobalt27 store cobalt behavior has been sufficient to affect the global market price, if Cobalt27 store cobalt, will accelerate the push up prices.

In addition to the Cobalt27 capital operation led to the rise in cobalt prices, the political situation in the DRC, the world's largest cobalt supplier, also aggravated the fragile cobalt supply chain. In January 2017, it is reported that the DRC will ban the export of cobalt concentrate and the cobalt prices at home and abroad have risen. In October 2017, the government of the Democratic Republic of the Congo issued a document banning the export of unprocessed copper and cobalt ore, which once again led to fluctuations in the international cobalt price. At the end of the year, however, the political situation in the Democratic Republic of the Congo (the DRC) is in turmoil. As the insiders think it is likely to trigger another rise in cobalt prices, there is a very small chance of stabilizing the cobalt prices in the future.

Overall, 2017 cobalt and lithium resource prices all the way up, high, the development of the entire new energy industry has formed some constraints, the battery technology options have also caused some impact.