1、 Price monitoring of the whole variety of cobalt and lithium

Lithium varieties were stable today. The price of cobalt concentrate fell 1.82%, electrolytic cobalt fell 1.87%, cobalt sulfate fell 2.60%, cobalt chloride fell 2.24%, MB cobalt 99.3% average price fell 0.58%, MB cobalt 99.8% average price fell 1.10%. This week, the price of lithium industry chain has been stable, while the price of cobalt industry chain has generally fallen.

2、 Important information about cobalt and lithium

1. Baichuan information comments today

Lithium metal: the market continues to maintain stability, and the market quotation remains unchanged

On March 12, the negotiation focus of the domestic lithium metal market was stable, with the implementation of 550000 yuan / ton, and the mainstream quotation in the market was concentrated between 540000-560000 yuan / ton. The domestic lithium metal market continues the trend of maintaining stable operation. The quotation of mainstream manufacturers has not changed this week. The manufacturer's operating load is relatively sufficient, and the overall market operating rate is also in a state of gradual improvement. The downstream demand is acceptable, and the manufacturer's quotation is mainly firm. It is expected that the market price of lithium metal will continue to be strong tomorrow.

Lithium carbonate: the price remains unchanged, and the focus of negotiation continues to maintain stability

On March 12, the actual transaction price of domestic industrial lithium carbonate market was between 38000-42000 yuan / ton, and the average price was 3969500 yuan / ton. Today, the domestic market price of industrial lithium carbonate continues to maintain stable operation. With the domestic transportation and logistics returning to normal operation, the market is also gradually liberalized. The manufacturers have sufficient operating load, and some manufacturers have reached full load operation. The focus of the negotiation is to maintain stable operation temporarily. It is expected that the lithium carbonate market will remain stable for the time being tomorrow.

On March 12, the mainstream quotation range of domestic battery grade lithium carbonate market was between 47000-52000 yuan, and the average price level was 49500 yuan / ton. Today, the domestic battery grade lithium carbonate market quotation is temporarily stable, and the market operating rate is constantly improving. I heard that some manufacturers have reached full production, and the market trading shows signs of warming up. At the same time, the downstream demand side is OK, the manufacturers' quotation is firm, and the market quotation has not been significantly adjusted. It is expected that the battery grade lithium carbonate market will continue to operate steadily tomorrow.

Lithium hydroxide: the price continues to maintain stability, and the quotation has not been significantly adjusted

On March 12, the domestic market transaction price of battery grade coarse-grained lithium hydroxide was between 53000-56500 yuan / ton, the price of micro powder lithium hydroxide was between 60000-62000 yuan / ton, and the average price of battery grade was about 58000 yuan / ton. The domestic battery grade lithium hydroxide Market Quotation continues to maintain stability. Under the influence of the sharp reduction of the overall market output in February, the inventory level has been consumed to a low level, the market supply is still relatively tight, the manufacturer's quotation is strong, and the overall market negotiation focus temporarily maintains stable operation. It is expected that the short-term battery grade lithium hydroxide Market will not rule out a slight rise.

On March 12, the transaction price of domestic industrial lithium hydroxide Market was between 48000-51000 yuan / ton, and the average price was about 49250 yuan / ton. Today, the domestic industrial lithium hydroxide market price continues to maintain stability, the focus of negotiation temporarily remains stable, and the market quotation has not changed significantly. With the recovery of transportation and logistics, the overall lithium salt market has been gradually opened, and the market negotiation and trading have increased, and the manufacturer's quotation is strong. It is expected that the industrial lithium hydroxide Market will not rule out a slight increase in the short term.

Cobalt: today's electricity cobalt fell, the market was flat, and the terminal was mainly on the sidelines

On March 12, the domestic electrolytic cobalt price fell today, with the quotation range of 258-267000 yuan / ton and the average price level of 262500 yuan / ton. Market transactions continue to be flat, and end customers are mostly on the sidelines, with few batch transactions. With the gradual arrival of port inventory, the inventory of intermediate products is relatively sufficient, and the willingness to purchase considering cost factors is limited. It is expected that the future market of electric cobalt is still in a weak and volatile pattern.

In the domestic market, the cobalt price of Wuxi electronic disk fell, and the trading price fell violently. At present, the fluctuation range is between 24.4-25.0 yuan / ton.

In terms of international market price: on March 11, the price of spot electrolytic cobalt (co: ≥ 99.3%) in the British "metal Herald" was $17.15 / pound, down 0.1 dollars / pound from the previous trading day, and the lowest price was $17.0 / pound, unchanged from the previous trading day, and the highest price was $17.3 / pound, down 0.2 dollars / pound from the previous trading day; The price of spot electrolytic cobalt (co: ≥ 99.8%) in the UK's metal Herald was $17.9 / pound, down 0.2 dollars / pound from the previous trading day, with the lowest price of $17.6 / pound and the highest price of $18.2 / pound, both down 0.2 dollars / pound from the previous trading day.

2. Industry news

[industry expert: Tesla will use the square lithium iron phosphate battery of Ningde era] it is reported that cobalt free batteries include two chemical systems and corresponding routes, namely, mass production of supporting lithium iron phosphate batteries and immature cobalt free batteries based on ternary (positive) materials. The industrialization of the latter still needs time. Industry experts close to Tesla's domestic projects said that Tesla will use lithium iron phosphate batteries, which are square lithium iron phosphate batteries in the Ningde era.

[LG supplies 811 low cobalt ternary battery to domestic Tesla with an initial supply of 10-13 GWH] it is reported that LG Chemical Supplies 811 (nickel cobalt manganese) ternary lithium battery to domestic Tesla. The initial supply volume is 10-13 GWH, slightly more than that of Ningde era. Lithium iron phosphate and 811 ternary lithium batteries will be used in future domestic Tesla products with different endurance.

[several "Hubei native" auto companies' applications for resumption of work have been approved or the impact of the epidemic on the auto market has been alleviated] Hubei Province, whose auto production accounts for nearly 9% of the country's total output, recently released the signal of the resumption of work of vehicle and parts companies. On March 11, the resumption form we obtained showed that the resumption application had been passed, including general motors South and North plants, Dongfeng passenger cars, Wuhan DPCA and Xiangyang DPCA, as well as Wuhan Jiezhong, Dongfeng die Chong and other vehicle and parts enterprises located in Hubei.

3、 Company announcement

Shengtun Mining: Announcement on the progress of foreign investment

The 29th meeting of the ninth board of directors of shengtun Mining Group Co., Ltd. (hereinafter referred to as "shengtun mining" or "the company") deliberated and passed the proposal on the acquisition of 100% equity of nzuri Copper Mine Co., Ltd. the company plans to acquire 100% equity of nzuri Copper Mine Co., Ltd. in cash through its wholly-owned subsidiary Xuchen International Co., Ltd. (hereinafter referred to as "Xuchen international"), The total transaction amount does not exceed a $114026497.14.

Nzuri has two copper and cobalt projects in the DRC, namely, kalongwe project and FTB (fold & thrust belt JV) project. Among them, the kalonway project has obtained the mining license and completed the feasibility study; The FTB project is still in the initial stage of exploration.

Article source:First lithium power grid