Nickel Cobalt Lithium
Global spodumene concentrate projects are expected to be put into operation in 2021-2025E.
Lithium salt supply and demand & price cycle forecast. Lithium is a cyclical industry. The supply and demand will determine the prices, and the prices subsequently affect the profits and profit expectations, which is closely correlated with the operation of the new capacities that will later impact the overall supply of the industry. Eventually, the fluctuations in supply and demand will arouse price volatility, forming a cycle fluctuation. Impact of the successful transfer from NPI to high-grade nickel matte on the market. MHP will remain the most important raw material for nickel sulphate, accounting for xx% in 2025 and maintaining a high growth rate of xx% in the next five years. Domestic lithium battery recycling channels and processing technology. With the rapid development of new energy vehicles, battery recycling has attracted much attention. In 2021, China’s lithium battery scrap can be divided into inter-production scrap and retired lithium battery scrap. Inter-production scrap recycling will serve as an effective supplement to the recycling channel as the concentrated retiring of batteries has not come. The black mass, as the main product of recycling, will be processed through battery pack pre-treatment, pyrolysis, and black powder screening treatment, etc.