Multi Channel Efforts to "Cool" Lithium Price
2022-09-06
Recently, the price of battery grade lithium carbonate has risen sharply, causing market concern.
How to deal with the rise of lithium price? Government departments and relevant associations are urging enterprises to strengthen self-discipline, promote cooperation between upstream and downstream enterprises, and "cool down" lithium prices with several arrows.
In March 2022, the national development and Reform Commission held a forum for upstream and downstream enterprises in the lithium industry to exchange views on the price formation mechanism, production and supply bottlenecks, policies and measures to ensure supply and price stability, and played a restraining role in the expectation of the rapid rise of lithium prices.
Nonferrous Metals Association and lithium industry branch are studying relevant work, hoping to establish a mechanism to ensure the stable price of lithium as soon as possible. In terms of supply and demand, relevant enterprises should increase their investment in scientific and technological innovation in the exploitation of lithium mineral resources to make the supply more abundant, so that the price adjustment of lithium carbonate batteries can return to the industry itself.
On the supply side, the current lithium price has exceeded the industry cost by as much as 10 times, which will certainly stimulate the development and expansion of a large number of lithium resources. Although it will take a long time for the new production capacity to reach production capacity, there is still a large space to expand production as much as possible under the existing production capacity.
Issued by Tom, M&S, Sep. 6, 2022.
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