[lithium resources supply continues to be tight] overseas lithium mining projects have encountered "changes". On January 18th, both Rio Tinto and Allkem announced that their lithium mine projects had been postponed. Industry insiders say lithium supplies may be tight throughout 2022, and lithium carbonate prices are expected to rise by about 80% in the first half of the year. The average price of battery-grade lithium carbonate and lithium hydroxide was 342000 yuan / ton and 286500 yuan / ton, respectively, according to Shanghai Nonferrous Network.
[supply shortage market demand strong cathode material manufacturers are busy preparing] as the global lithium price continues to rise, the development of lithium resources in salt lakes in South America is becoming more and more hot. In 2021, the development of lithium resources in South America represented by the Argentine Salt Lake Project accelerated, and domestic enterprises such as Ganfeng Lithium Industry, Mount Qomolangma in Tibet, Shengxin Lithium Energy, Zijin Mining and Ningde era accelerated the distribution of lithium resources in South American Salt Lake.