90,000, the last defense line of lithium prices? | Jianzhi Research
Has this round of liquidation just begun?
AH trends diverge, Hang Seng Index up 0.6%, CNOOC up 4%, national bond futures slightly rebound.
Rare earth permanent magnets concept stocks pull back, photovoltaic and lithography themes also weaken. Hong Kong's real estate, banks, and oil & gas stocks are strong, CNOOC up 4%, Agricultural Bank of China and China Merchants Bank rise more than 2%. After experiencing a sharp drop yesterday, national bond futures rebounded in early trading, with 10-year and 30-year national bond futures contracts rising nearly 0.1% in early trading.
Worsened lithium prices? Annual production capacity increased by 79%, with four mines in Argentina jointly contributing, including Zijin Mining and Ganfeng Lithium.
Four new lithium mining projects in Argentina will be put into production in the coming weeks to months, which will nearly double Argentina's lithium production capacity. Although the new capacity will not be put into use immediately, the increased certainty of future supply will undoubtedly further increase the downward pressure on lithium prices.
The Copper Supply Landscape: Is a Bull Market on the Horizon?
Cobalt production soared 170%, and the Luoyang molybdenum industry surpassed Glencore to become the world's largest cobalt miner
In 2023, with the increase in Congolese gold TFM and KFM production, the company's copper-cobalt production exploded.
Zijin Mining Group Company Limited Goes Ex Dividend Tomorrow