Tianqi lithium is estimated that the price of lithium products will be stable before 2020.

According to the prediction of tianqi lithium industry, lithium product price should be relatively stable before 2020, mainly around the average price fluctuation in 2017, but supply side is still in short supply in the foreseeable future.

Since 2000, lithium consumption has grown rapidly, driven by the development of the rechargeable battery industry, as well as structurally in other traditional sectors.

In June 2017, according to statistics of Roskill, a lithium industry data service provider, global lithium consumption increased by 7.2% from 2000 to 2016, reaching 197,000 tons of lithium carbonate equivalent in 2016. In the consumption structure of lithium products, the rechargeable battery has an obvious growth rate. The average annual compound growth rate from 2011 to 2016 is about 19.3%, accounting for 42.35% of the total lithium consumption in 2016, which has become the most important use.

For the Chinese market, under the stimulus of favorable national policies in 2015, the domestic new energy vehicle production has been greatly expanded, and the surging terminal demand has pushed the price of upstream lithium carbonate to continue to go up, thus leading the lithium battery industry to enter the era of high prosperity.

In the performance briefing, jiang weiping, chairman of tianqi lithium, believes that the application of lithium products is facing the historical opportunity of the rapid development of global new energy vehicles and the launch of energy storage market, which will bring a long boom cycle to the development of lithium industry. To this end, tianqi lithium has expanded its capacity through series of endogenous growth. According to the current capacity planning of listed companies, the capacity of tianqi lithium chemical products will reach more than 100,000 tons by 2020.

At the same time, tianqi lithium will accelerate the improvement of its research and development team's scientific research ability, accelerate the progress of scientific research projects represented by battery recycling and resource recycling, metal lithium anode materials, and focus on building and improving the driving force of technology for the future growth of listed companies.

At the present stage, with the introduction of the requirements of the proportion of electric vehicles in the world, the electric vehicle sales situation and future market planning of well-known automobile manufacturers are gradually clear. At present, the well-known car manufacturers are planning to increase investment in the research and development of new electric vehicles, in order to speed up the occupation of the market, which makes the electric car demand for lithium concentrate and lithium compounds increasing certainty.

In the industry analysis report released by Roskill in December 2017, it is predicted that the global comprehensive demand for lithium in the downstream industry will increase by 80.97% compared with that in 2016 by 2021. Among them, the demand for lithium in the battery industry will be in a high growth trend for a long time, its annual compound growth rate will reach 22.3%, and its consumption proportion will increase to 64.1% from 42.4% in 2016.

From the perspective of supply side, in recent years, there have been more and more projects in the global lithium resources exploration and development, and new lithium deposits have been discovered continuously. The total amount and reserves of lithium resources proved globally have also been increasing. According to the 2017 Roskill report, according to the capacity planning of lithium product suppliers, the global capacity of lithium products is expected to reach about 860,000 tons in 2025. With the completion of the expansion of production capacity, some market investors worry that the supply and demand of lithium carbonate and lithium hydroxide in the market will reverse in the next two years, and the supply may appear surplus.

Facing the foreseeable future, jiang weiping revealed that the industry will go through a process of structural adjustment. The demand for high-end lithium products such as battery-grade lithium hydroxide and battery-grade lithium carbonate will continue to increase, but the supply side is still in short supply and the price is rising steadily. In the next three to five years, tianqi lithium will take into consideration the possible contribution of existing and potential industry players to the production capacity. Based on the increasingly fierce market, there is still some uncertainty about the time, quantity and product quality of some newly built capacity.

According to jiang weiping, the price of lithium products should be relatively stable before 2020, mainly around the average price fluctuation in 2017. Battery-grade lithium carbonate rises steadily, and battery-grade lithium hydroxide increases slightly. At present, due to the differences in technical route, production cost, order mode and market demand, the price of lithium products at home and abroad is poor.

The page contains the contents of the machine translation.