Lithium carbonate: floating on the sea by boat?
Dec,05,24
On December 3rd, the website of the national public resources trading platform (Sichuan Province) announced the final ownership of the exploration right of the lithium mine in Maijitan, Ganzi Prefecture, Sichuan Province, which was won by Sichuan Resources Group at a transaction price of 2.462 billion yuan.
Compared with the auction of Sichuan Malcolm Gada lithium mine in August 2023, the lithium resource reserves of Maikitan lithium mine this time are nearly 80% higher, but the transaction price is 40% lower, and the conversion into LCE equivalent per tonne fell nearly 70%.
According to the information data of Xinfern, the average price of battery-grade lithium carbonate in China was about 237,000 in August 2023, but in November this year, the average price has dropped to 77,800 yuan, with a cumulative decline of 68%. It can be seen that the auction price fully reflects the trend and mentality changes of the lithium carbonate market in the past year.
In addition, this time several lithium entities bidding again failed, but also shows that the middle and lower reaches of the late lithium price expectations are still relatively pessimistic, the overall investment plan is conservative, production capacity is on the way out.
