Demand is so strong that mines are auctioning lithium ore directly
Australian lithium miner Core Lithium had released an announcement that the company has completed the auction bidding of lithium pyroxene raw ore, the transaction price of $951 / tonne.
Industry analysis, this batch of lithium raw ore processing into lithium carbonate cost at least 400,000 yuan / tonne. Lithium salt market in recent years is hot and unusual, the highest spot price of battery-grade lithium carbonate has exceeded 520,000 yuan / tonne.
The lithium price increase is mainly caused by the mismatch between supply and demand. The industry is expected that the future global lithium production and consumption will increase at an annual rate of 30%, but in the face of rapidly increasing downstream demand, lithium immediate capacity is not abundant. Institutional research report shows that in 2021 the global supply of lithium resources about 367,000 tonnes of LCE, LCE total demand of up to 526,000 tonnes, supply and demand gap of up to 159,000 tonnes.
Currently, the global lithium supply continues to be tight, the production side is difficult to keep pace with demand. According to the International Energy Agency statistics, South American salt lakes from discovery to production took an average of 7 years, Australia lithium pyroxene mines from discovery to production took an average of 4 years.
In this case, lithium ore sold one after another sky-high price. pilbara recently held the ninth lithium concentrate auction price of 6988 us dollars / tonne, corresponding to the cost of lithium carbonate including tax is about 510,000 yuan / tonne.
Lithium ore auction price, lithium salt spot price fuel each other, prices continue to break through new highs, analysts believe that the trading model is the cornerstone of the impact of cost changes. Institutions expect that the total supply of LCE in 2022 will be about 602,000 tonnes, and the total demand will be 641,000 tonnes, with a shortfall of up to 39,000 tonnes, and the supply and demand gap of LCE in 2025 will remain at about 19,000 tonnes. Under the mismatch between supply and demand, lithium acid prices are expected to remain high.
At the same time, downstream enterprises continue to accelerate the investment layout, extending the industry chain to the mine side. New energy vehicles are currently products with a large use of lithium metal.
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