Zheng Quan Ri Bao Wang·2025-11-11 13:29Core Insights - The lithium carbonate market is experiencing a strong rebound due to surging demand for energy storage, supply uncertainties, and ongoing inventory depletion [1] - The price of battery-grade lithium carbonate has shown significant volatility, reaching a low of 59,900 yuan/ton in June 2023 and rebounding to 82,400 yuan/ton by November 11, 2023, marking a 37.59% increase [1] Price Trends - The price of battery-grade lithium carbonate has fluctuated dramatically over the past five years, peaking at 567,600 yuan/ton in November 2022 before a prolonged decline [1] - The current price stabilization follows a "roller coaster" trend, with supply-demand mismatches and inventory adjustments contributing to price volatility [1] Industry Performance - Major lithium companies like Ganfeng Lithium and Tianqi Lithium have reported a return to profitability in Q3 2023, with Ganfeng Lithium's net profit at 557 million yuan and Tianqi Lithium's at 95.485 million yuan [2] - The average breakeven price for lithium carbonate is considered to be around 70,000 yuan/ton, with current prices providing support for cost-advantaged companies [2] Future Outlook - Short-term demand from downstream battery manufacturers is expected to support lithium carbonate prices [2] - Long-term projections suggest prices may fluctuate between 70,000 yuan/ton and 100,000 yuan/ton, with the upper limit reflecting the need for new capital investment in Australian mines [2] Strategic Initiatives - Companies are actively seizing opportunities during this upward price cycle, with initiatives such as Qinghai Salt Lake Industry's new lithium salt project and Ganfeng Lithium's expansion in lithium resource acquisition and processing capacity [2][3] - Emphasis on technological innovation and efficient resource utilization is crucial for the industry's transformation and upgrading [3]