Core Viewpoint - Lithium carbonate, known as "white oil," is a critical raw material for electric vehicle batteries and energy storage, significantly impacting China's strategic industries and foreign trade exports [1] Group 1: Market Dynamics - The price of lithium carbonate surged from 55,000 yuan/ton in December 2020 to a historical high of 600,000 yuan/ton in November 2022 due to the explosive growth of the new energy vehicle industry [1] - As lithium material companies expanded production and new capacities were released, the supply-demand balance in the lithium industry began to ease, leading to a rapid decline in lithium carbonate prices [1] - In 2024, lithium carbonate prices are expected to drop by 65%, posing significant challenges for companies like Jiuling Lithium Industry, which faces shrinking production profits and increased pressure from devalued raw material inventories [1][3] Group 2: Jiuling Lithium Industry's Strategy - Jiuling Lithium Industry, one of the largest producers of battery-grade lithium carbonate in China, has adopted a new operational logic by utilizing lithium carbonate futures to navigate the downward price cycle [1][4] - The listing of lithium carbonate futures in July 2023 has provided a new risk management tool for the industry, allowing Jiuling Lithium to establish a robust risk defense and maintain a dynamic balance between production capacity and market demand [4][5] - The company has shifted its pricing strategy to reference futures prices for every ton of lithium carbonate sold, enabling it to lock in sales prices and profits, thus mitigating the impact of price fluctuations [3][4] Group 3: Industry Transformation - The introduction of lithium carbonate futures has transformed Jiuling Lithium's traditional sales model, allowing the company to maintain profitability even during price downturns [5][6] - Jiuling Lithium has actively participated in training and educational programs related to futures trading, enhancing its understanding and application of these financial tools [7][8] - The company has become a leader in the industry, leveraging its delivery capabilities and product advantages to attract more clients and establish long-term strategic partnerships [10][11] Group 4: Future Outlook - Jiuling Lithium aims to promote effective futures utilization across the industry, contributing to the high-quality development of the new energy sector [12][13] - The company emphasizes that the futures market is not merely a profit-driven arena but a platform for risk-sharing among all participants in the supply chain [13]
深化产融结合 碳酸锂期货重构产业生态
Qi Huo Ri Bao Wang·2025-09-21 16:08