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SMM News on July 22nd: In early trading today, after several days of silence, the lithium battery sector continued its yesterday's upward trend and continued to rise actively during the opening session. Jiangte Electric Motor made a straight line up the limit in the session, winning two consecutive boards. Rongjie Shares, Baichuan Shares, and other stocks rose along with the trend.

On the news, yesterday, the lithium battery sector experienced a significant upward trend, and multiple institutions reiterated their continued positive attitude towards the lithium battery sector.

According to SMM spot prices, on July 21st, domestic battery grade lithium carbonate experienced its first rise after a three month hiatus, with an average spot price of 88000 yuan/ton, an increase of 500 yuan/ton from the low prices in recent months.

Guotai Jun'an stated that this situation marks the second round of expected increase in lithium prices. The institution expects that the supply and demand tension in the lithium industry will become increasingly severe in the future, and the lithium industry may enter a hard shortage in the second half of the year. With the increase in downstream companies' lithium procurement volume, downstream attitudes towards procurement will evolve from normal procurement to restocking to grabbing goods. The degree of supply and demand tension and changes in lithium prices are nonlinear, and the lithium price forecast for the second half of the year will be raised to a historical high of 180000 yuan/ton.

CITIC Securities also strongly agrees with this, stating that strong downstream demand has led to a resurgence in lithium carbonate prices. It is expected that the upward cycle of lithium prices in this round will continue for at least one year, with prices ranging from 120000 to 150000 yuan/ton.

The high certainty and long-term growth of the lithium sector are expected to attract continuous capital inflows, and the allocation value of the lithium sector will continue to be optimistic. It is recommended to focus on Ganfeng Lithium Industry and Shengxin Lithium Energy, and it is recommended to pay attention to China Mining Resources, Yongxing Materials, Rongjie Co., Ltd., and Koda Manufacturing.

In fact, earlier on, SMM had made predictions about the future price of lithium carbonate. As it entered the third and fourth quarters, SMM expected that some production in Qinghai region would decrease. Downstream concerns about raw material supply have led to early inventory preparation, and lithium carbonate prices will still rise to 100000 yuan/ton in the second half of the year.

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