“Longer-term, the lithium market is likely to remain tight this decade, but become more balanced by around 2026.”
#Notch raw power drivers
“Continued robust EV demand globally, and record-breaking heat and drought in the southwest of China are the key drivers for the market,” Benchmark Mineral Intelligence said in a note last week.
The company also unveiled expansion plans for battery production in Chongqing and Jiangxi. However, it’s forecasting an improvement for the second half, citing the completion of its Mt Marion mine expansion in Australia, new capacity in China, and the relaxation of virus curbs. Ganfeng Lithium said its production and sales were generally lower than expected in the first half. The company already said in July that it aims to more than double its capacity in the coming three years. Tianqi Lithium plans to restart a project at Yajiang Cuola Mine in Sichuan “in order to address the potential risks of lithium resource shortage and reliance on import of raw materials in the future,” it said in an earnings report. UBS Group AG has lifted its long-term price forecast for battery-grade lithium by 38%, as incentivizing new supply will require even higher prices, it said in a note on Friday.
Chinese EV sales could surge as much as 89% this year, supported by post-lockdown subsidies and new model launches, according to Bloomberg Intelligence. See also: Lithium Shortage to Worsen as Drought Hits China Outputĭemand for the battery material, meanwhile, is accelerating as the automotive industry increasingly turns to electric vehicles. QUAD-POWER II Raw edge, moulded notch, narrow section V-belt Identification Construction Sections and nominal dimensions XPZ Width mm Height mm Hi-Power MN 12 x B MN 46 pulley width: 234 mm 25 000 hr belt life Super HC MN 8 x SPB MN 1250 pulley width: 158 mm 25 000 hr belt life Quad-Power II 5 x XPB 1250 pulley width: 100 mm 25 000 hr belt life. That created supply disruptions in an already-squeezed market, pushing the metal closer to record levels. The province, home to over one-fifth of China’s lithium production, suffered two weeks of electricity curtailments in August. Lithium carbonate prices have jumped almost 80% in China so far this year, with the recent power crunch in Sichuan adding impetus to the rally. Raw Warrior Brown Rice Protein Powder, Raw Power (16 oz, Premium) 20.95 Spirulina, cold-pressed tablets, Raw Power (1000 count 250mg tablets, 250g total) 29.95 Thor's Hammer, cold-pressed tablets, Raw Power (1000 count, 250g, pure chlorella/pure spirulina) 32.95 Tocotrienols, Raw Power (16 oz, Raw Rice Bran Solubles, made in the USA) 22.
0 kommentar(er)
