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"Buy more as it falls!" Traders take advantage of the price drop to stock up, and the nickel industry may enter a phase of bottoming out | New cycle of csi commodity equity index
1. Some traders have indicated that the nickel price has already dropped to the psychological bottom range, and they are beginning to stock up on low stock price; 2. Currently, high-cost nickel production capacity is gradually being cleared out globally; 3. The future nickel price has limited downside potential, and may experience a phase of bottoming out.
Guolian Securities: Q2 Australian lithium production rebounds, and subsequent new mines are expected to contribute to the increase.
In Q2 2024, the total production and sales volume of Australian mines increased compared to the previous quarter, with low-cost mines continuing to contribute to the increase; two new mines in Australia are expected to start production within the year, and incremental output is expected to be released in the second half of the year.
Hong Kong Stock Exchange | The situation of oversupply of lithium carbonate has not changed. Tianqi Lithium Corporation (09696) drops more than 4%, Ganfeng Lithium (01772) drops more than 3%.
Lithium stocks fell again. As of the press release, tianqi lithium corporation (09696) fell by 4.62%, closing at HKD 19.84. Ganfenglithium (01772) fell by 3.45%, closing at HKD 15.66.
Is the domestic battery production capacity underestimated? JPMorgan: Potential additional capacity reaches 700GWh, it will take at least 3 years to digest.
jpmorgan believes that more than 700GWh of 'under construction fixed assets' will not be fully absorbed until the end of 2027, and this phenomenon is particularly evident among second-tier battery manufacturers. Third-tier companies may exhaust their cash and quietly exit the market in the coming years. However, given the market concentration, the exit of these companies has almost no impact on the industry's competitive landscape.
Lithium Price Bounce Likely on Potential Supply Curtailment -- Market Talk
CATL May Reduce Lithium Output Given Price Pressures -- Market Talk
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