Apr 28, 2022 08:55 AM (GMT+8)
According to the latest research report of CITIC Securities, the sharp rise in the auction price of lithium concentrate in Australia indicates that the tight supply and demand situation of the lithium industry has not been alleviated. The sharp rise in the price of lithium ore has greatly raised the cost of domestic lithium salt enterprises, and the subsequent decline space of lithium price may be limited. The current prominent undervalued advantage of the lithium sector is expected to make it the first to rebound. The continuous rise of ore price makes the importance of self-sufficiency of raw materials increasing. Enterprises with high self-sufficiency rate of lithium raw materials and strong sustainability of subsequent performance growth should be preferred. Ganfeng lithium and Salt Lake shares are recommended. It is suggested to pay attention to Tianqi lithium industry, Yongxing materials and China mineral resources.
This text is a result of machine translation.