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[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.
[profits of electrolytic aluminum enterprises are expected to continue to improve] driven by the continuous destocking and the decline of electrolytic aluminum production capacity in Europe, the price of electrolytic aluminum rose and returned to 20000 yuan / ton. At the same time, the price of raw material alumina has dropped, and the cost of electrolytic aluminum has an obvious downward trend. Industry insiders expect that the price of electrolytic aluminum will remain high, and the profits of electrolytic aluminum enterprises are expected to continue to improve.
SMM interpretation: cobalt price starts rising market downstream demand and cobalt price trend in 2022? The price of cobalt breaks through a three-year high, and will it rise in the future? What are the changes in supply and demand during the year? What is the demand for cobalt in the downstream terminals next year? In response to the above topics, Oriental Fortune interviewed Ma Rui, an analyst of SMM battery materials. Ma Rui said that at present, domestic cobalt prices have begun to rise overseas because of reduced supply, and will also take into account the impact of the epidemic on logistics, forming a certain supporting effect on prices. From the perspective of supply chain and demand, the gap between supply and demand will still exist in 2022, and there is still room for cobalt prices in the future.
In order to fully reflect the domestic low-carbon aluminum market price, objectively, truly and timely reflect the supply and demand situation of China's low-carbon aluminum market, and find the changing law and reasons of the benchmark price of low-carbon aluminum, so as to provide a reference basis for the scientific decision-making of low-carbon aluminum industry enterprises, research institutions and government departments. After a period of precipitation and market research, SMM plans to release the benchmark price of SMM low-carbon aluminum from December 27th for market reference.