Core Viewpoint - The lithium carbonate market is experiencing fluctuations after a rebound in August, driven by complex market dynamics and a balance of supply and demand [1] Group 1: Market Dynamics - Since June, lithium carbonate prices have significantly increased, leading to improved profits for companies, with signs of a strong demand during the "golden September and silver October" season [1] - The lithium industry is moving towards a "cost control is king" era, with low raw material self-sufficiency and low comprehensive utilization rates of lithium ore being major concerns for companies [2] - The Yichun region in Jiangxi is a key lithium carbonate production base, accounting for 38.8% of national output in the first half of 2025, highlighting its significant role in the industry [2] Group 2: Technological Innovations - New lithium extraction technologies, such as the innovative water extraction technology proposed by the Chinese Academy of Sciences, aim to improve lithium recovery rates and reduce costs [3] - Companies like Dazhong Mining have reported breakthroughs in lithium extraction technology, achieving over 90% recovery rates and significantly reducing waste [3] Group 3: Supply and Demand Balance - The lithium market is characterized by strong supply resilience, with increased production from lithium spodumene and stable operations in salt lake lithium extraction, compensating for supply gaps [4] - Demand is rising, particularly for lithium iron phosphate batteries, with a forecasted 44% year-on-year increase in China's lithium carbonate consumption from January to September 2025 [4] - European electric vehicle sales have also increased by 25.9% year-on-year, indicating robust demand growth in the sector [4] Group 4: Future Outlook - The energy storage sector is expected to provide strong momentum for the lithium industry, with China's cumulative installed capacity reaching 101.3 GW in the first half of the year, doubling year-on-year [5] - The global lithium resource capacity will take time to digest, suggesting that lithium prices may continue to fluctuate around cost lines, indicating a painful period of capacity clearing for the industry [5] - The lithium industry faces both significant opportunities from the energy revolution and challenges related to cost control, technological iteration, resource security, and price volatility [5]
碳酸锂产业链供需格局改善
Zheng Quan Ri Bao·2025-09-18 00:49