从材料到电芯！新一轮电池涨价潮来袭！

Core Viewpoint - The lithium battery industry is experiencing a rapid market reversal from oversupply to a state of demand exceeding supply, driven by the explosive growth in energy storage projects and a new price increase cycle is emerging [2][6][7]. Group 1: Price Increases Across the Supply Chain - The price of lithium carbonate has surged, with recent prices exceeding 100,600 yuan per ton, marking a 70% increase from previous lows [4][6]. - The cost advantages of lithium extraction from salt lakes are becoming apparent, and many companies are now negotiating price increases due to previous losses and rising raw material costs [7]. - The price of wet-process separators has increased by 30%, with a 10% rise noted in late October, reflecting a recovery in the separator segment [8]. Group 2: Battery Materials and Components - The price of lithium hexafluorophosphate has doubled in three months, with electrolyte prices nearing 40,000 yuan per ton, driven by supply-demand imbalances [9]. - VC additives have seen significant price increases, with companies announcing large-scale production expansions to meet rising demand [10]. - The negative electrode materials are also showing signs of recovery, with leading companies reporting profitability and increased investor interest [11]. Group 3: Market Dynamics and Future Outlook - The demand for energy storage batteries is outpacing supply, leading to a shortage of battery cells, particularly in the two-wheeler segment, driven by new national standards and consumer incentives [16]. - The industry is expected to enter a new growth phase, with potential price increases across the supply chain as demand from emerging sectors like low-altitude economy and robotics continues to rise [16]. - The current price increase cycle is still in its early stages, with expectations of significant financial improvements for listed companies in the upcoming quarters [16].