锂电池产业链双周报：产业链价格持续弱稳运行

Investment Rating - The report maintains a standard rating for the lithium battery industry chain [2]. Core Insights - The lithium battery index has seen a decline of 2.47% over the past two weeks, underperforming the CSI 300 index by 0.27 percentage points. Year-to-date, the lithium battery index has increased by 5.63%, outperforming the CSI 300 index by 3.75 percentage points [6][8]. - The report highlights a continued weak and stable price trend across the lithium battery supply chain, with significant price drops in lithium salts and other materials [2][15]. - The report suggests focusing on companies with strong performance in the battery segment and those with quality production capacity in the materials segment, as well as segments benefiting from new battery technologies [2][33]. Summary by Sections Market Review - As of June 21, 2024, the lithium battery index has decreased by 2.47% in the last two weeks and 4.93% in the month, while it has increased by 5.63% year-to-date [6][8]. Price Changes in the Lithium Battery Supply Chain - As of June 21, 2024, the average price of battery-grade lithium carbonate is 95,000 CNY/ton, down 6.4% over the past two weeks. The price of lithium hydroxide (LiOH 56.5%) is 90,800 CNY/ton, down 6.68% [17][19]. - Other materials such as electrolytic cobalt and nickel have also seen price declines of 2.2% and 5.15%, respectively [19][21]. - The prices of cathode materials like lithium iron phosphate and NCM series have decreased by 3.7% to 8.13% over the past two weeks [21][26]. Industry News - The report notes that the sales of new energy vehicles (NEVs) have shown strong growth, with a year-on-year increase of 33.3% in May 2024, and a market penetration rate reaching 39.5% [33]. - The report mentions strategic collaborations, such as the agreement between CATL and the Tianjin government to enhance the supply chain and recycling networks for lithium batteries [33]. Company Announcements - Companies like Enjie and Xinwanda are expanding their production capabilities, with significant investments in new production lines for lithium battery components [34]. - The report highlights the performance of key companies in the sector, including CATL, Yiwei Lithium Energy, and others, which are expected to benefit from the ongoing trends in the industry [33][34].