The Recovery of Downstream New Energy Vehicle Market Drives the Demand Growth of Upstream Lithium Sa

abstract

The supply of LGI by Weihua shares will enter the supply chain of LG Chemical, and then indirectly enter the supply chain of Tesla, Volkswagen, GM and other international mainstream automobile enterprises, which will have a positive impact on the development of its lithium salt business.

The recovery of downstream new energy vehicle market drives the growth of upstream lithium salt market demand.

Weihua shares (002240) announced that Zhiyuan lithium, a wholly-owned subsidiary of the company, recently signed a purchase agreement with LG International Corp (LGI). LGI plans to purchase fine ground lithium hydroxide from Zhiyuan lithium, of which 1500 tons will be shipped from July to December 2020. The estimated purchase volume in 2021 should be determined by both parties through negotiation before December 31, 2020.

LGI is an international trading company affiliated to LG Group. The supply of LGI by Weihua shares will enter the supply chain of LG Chemical, and then indirectly enter the supply chain of Tesla, Volkswagen, GM and other international mainstream automobile enterprises, which will have a positive impact on the development of its lithium salt business.

In recent years, Weihua has continued to increase its new energy materials business. The lithium salt business is implemented by the subsidiary Zhiyuan lithium industry, with a design capacity of 40000 tons of lithium salt per year.

Aoyinuo mining, the holding Sun company, is mainly engaged in the mining and beneficiation of spodumene ore and the sales of lithium concentrate. The lithium concentrate produced by aoyinuo mining is sold to Zhiyuan lithium industry for lithium salt production.

In the first half of the year, the 23000 ton production line of Zhiyuan lithium was in good operation, and the remaining capacity is expected to be completed and put into operation in the second half of the year.

According to the semi annual report of Weihua Co., Ltd., the lithium salt output of the company in the first half of the year was 7373.58 tons, a year-on-year increase of 50.05%; The revenue was 170 million yuan, a year-on-year decrease of 22.5%. Among them, Zhiyuan lithium achieved a revenue of 160 million yuan and a net profit of - 58.85 million yuan.

In the first half of the year, the gross profit margin of lithium salt of Weihua Co., Ltd. was - 8.17%, down 27.5% year-on-year, which means that its lithium salt products are in a state of loss and the overall market competitiveness is weak.

Objectively speaking, the gross profit of lithium salt of Weihua shares changed from positive to negative, mainly due to the sharp decline in lithium salt price and intensified market competition.

In 2018, the decline of new energy subsidies and the large-scale expansion of upstream lithium mines led to an oversupply of lithium capacity and an imbalance between supply and demand, resulting in a rapid decline in lithium salt prices.

In 2019, the competition for lithium resource supply accelerated, the demand side weakened, and the price continued to decline. Due to the small capacity of lithium hydroxide, the price decline was less than that of lithium carbonate.

In the first half of 2020, affected by the epidemic, the price of lithium salt continued to fall to the lowest point, and the price of lithium carbonate even fell below the cost price, resulting in further pressure on lithium salt enterprises.

In this case, Weihua is still increasing the layout of lithium salt business, further improving its market competitiveness and product profitability by expanding production capacity and distributing upstream lithium resources.

In terms of capacity expansion, Zhiyuan lithium has an existing capacity of 23000 T / A, and the remaining capacity is expected to be completed and put into operation in the second half of the year, when the total capacity will reach 43000 T / A.

In terms of ensuring the supply of raw materials, Weihua indirectly holds 75% equity of oyno mining by acquiring 100% equity of shengtun lithium industry, so as to provide raw material supply guarantee for the expansion of its lithium salt production capacity. Meanwhile, Weihua also successively signed spodumene purchase and sales agreements with Rongjie and Altura.

In terms of customer cooperation, in addition to LGI, Weihua also signed long-term supply agreements with domestic cathode materials and battery head enterprises such as BAMO technology, Ningde times, Xiamen tungsten industry and Shanshan energy, so as to provide guarantee for the development of its lithium salt business.

The industry believes that with the recovery of the downstream new energy vehicle market and the replenishment of inventory procurement by domestic battery and material enterprises, the lithium salt market demand growth is driven. In the second half of the year, the domestic lithium salt price is expected to rebound to the bottom, promote the rise of lithium salt price and improve the profitability of lithium salt business.

The Recovery of Downstream New Energy Vehicle Market Drives the Demand Growth of Upstream Lithium Sa 1

get in touch with us
Artikel yang disarankan
Multi Channel Laser Anti-theft Alarm Circuit
The figure shows the circuit of multi-channel laser anti-theft alarm. VT1, vt2, RL1, RP1, R1, K and vd6 constitute an optical control switch. During the day, the photoresistor RL1 is in a low resistance state under light, VT1 is saturated on, vt2 is off, relay K is not energized, normally open contact J is off, and the alarm circuit does not work; At night, RL1 changes to high resistance state, VT1 is cut off, vt2 is saturated and turned on, K is powered on to make j pull in, the circuit supplies power to the whole machine, the red LED is on, the regulated voltage is 6V, and supplies power to the subsequent circuit after voltage reduction by vd7, vd8 and vd9. Laser rods JB1, RL2, VT3, RP2, R3 and R4 form a laser transmitting and receiving network. When the alarm is in the waiting state, the laser rod emits red laser and irradiates it on the photoresist RL2. RL2 is in a low resistance state, and the base potential of VT3 is very low, which provides trigger current for thyristor vs, vs is turned on, IC2 is powered on, and the horn gives an alarm sound. The alarm can be equipped with up to 10 laser transmitting and receiving networks at the same time. The circuit structure is exactly the same, and C3 is an anti-interference capacitor. An is a reset switch. When the power grid is cut off or the gangster cuts off the power supply, the battery immediately supplies power to the whole machine, ensuring the reliability of the alarm device.Component selection: IC1 is voltage stabilizing integrated circuit 7806, and aluminum heat sink shall be added during use. IC2 is KD-9561 four sound chip, and the circuit is connected to the second sound selection terminal sel2 (fire truck alarm sound). The laser source is a red laser rod with voltage of 4.5V and power
How Do I Make My Go Kart Faster, Without Spending too Much Or Nothing?!?
What Solute Will Be Replaced by Liquid Electrolyte in Commercial Lithium Ion Battery?
Pool Stage
Introduction of Tubular Soil Moisture Monitoring Station
From the Perspective of Bridge Lighting System, the Use of LED Technology Has Become a Trend
Olar Energy Phone Charger Stand
Can Boiling Water Purify It? What's a Good Water Medium Sized Water Filter?
Precautions for Installation of Liquid Vortex Flowmeter
How Do I Connect My Desktops to Share the Internet?
Pencarian terkait
Multi Channel Laser Anti-theft Alarm Circuit
How Do I Make My Go Kart Faster, Without Spending too Much Or Nothing?!?
What Solute Will Be Replaced by Liquid Electrolyte in Commercial Lithium Ion Battery?
Pool Stage
Introduction of Tubular Soil Moisture Monitoring Station
From the Perspective of Bridge Lighting System, the Use of LED Technology Has Become a Trend
Olar Energy Phone Charger Stand
Can Boiling Water Purify It? What's a Good Water Medium Sized Water Filter?
Precautions for Installation of Liquid Vortex Flowmeter

Copyright © 2020 Concises YuGa Sports | Sitemap