A lithium ore exploration right in Sichuan Province has just ended the auction recently. The transaction price was 4.206 billion yuan (the same, about S $ 785 million), which was 1317 times the starting price.US media reports that this crazy bidding reflects market participants' expectations for lithium batteries will only continue to grow.
According to the cover news, the starting price of Gada Lithium Mine, Malcon City, Sichuan Province, which was only 3.19 million yuan, ended in the early morning of last Sunday (August 13).According to the information of the Sichuan Provincial Public Resources Trading Platform, it was finally sold for 4.206 billion yuan, with an appreciation rate of 1317 times.
Earlier on August 11, the bidding for the survey of Lijiagou North Lithium Mine in Lijiagou in Jinchuan County, Sichuan Province also came to an end.Essence
The Wall Street Journal reports that this crazy auction reflects market participants' expectations for lithium battery demand will only continue to grow.According to Chinese customs data, in the first five months of 2023, the export volume of China Lithium battery increased by 66%year -on -year to $ 26.7 billion (about S $ 36.3 billion).
It is reported that geopolitical concerns are also the driving factor behind the auction war.As Western suppliers respond to government calls, prioritize companies headquartered in friendly countries. In the next few years, Chinese companies will face pressure on lithium resources overseas.At the same time, many countries, which are consistent with the United States, are strengthening the review of China's investment in key mineral reserves such as lithium in the field of national security.
According to the data of Benchmark Mineral Intelligence based on pricing and research institutions, it is expected that by 2028, global lithium demand will reach 1.5 million tons, which is far higher than 900,000 tons this year.According to data from the International Energy Agency (IEA) headquartered in Paris, the contribution rate of lithium ore to the world's lithium supply to the world is about 12%, and about 55%of the world's lithium is refined in China. Lithium supply in ChinaThe gap is mainly filled by Australia's imported lithium ore.
In July of this year, the Australian government prevented the Australian lithium mining company sold to a US company, and a Chinese company's Australian subsidiary had a Chinese director.In November last year, Canadian officials ordered the three Chinese companies to sell their equity in the Canadian key mineral resources mining company on the grounds of national security.
