Shulou(Shulou.com)11/24 Report--

Thanks to CTOnews.com netizens for not knowing what to change for clues delivery! CTOnews.com January 10 news, the transaction price of battery-grade lithium carbonate has fallen below 500000 yuan / ton yesterday, four months after it exceeded 500000 yuan / ton in September 2022.

On January 9, data from Shanghai Iron and Steel Federation showed that the average spot price of battery-grade lithium carbonate fell 10, 000 yuan / ton to 492500 yuan / ton, breaking the 500000 yuan / ton mark, down about 5% from last week, and the biggest one-day decline since the high fall in September last year.

Today, the prices of some lithium materials continued to fall, with battery-grade lithium carbonate falling 7500 yuan / ton, with an average price of 485000 yuan / ton, and industrial-grade lithium carbonate falling 7500 yuan / ton, with an average price of 452500 yuan / ton.

It is worth mentioning that lithium carbonate is one of the main lithium salt products and an important raw material for lithium battery, which is mainly used in lithium iron phosphate, lithium cobalt and some ternary lithium cathode materials.

So, what is the impact of lithium carbonate below 500000 on mid-stream battery manufacturers? BYD said it is not easy to judge whether lithium carbonate will continue to fall, but in the long run, the price decline is a trend, but ultimately battery capacity depends on supply and demand, and lithium carbonate prices still account for more than half of battery costs.

As of CTOnews.com, BYD's A shares were quoted at 266.66 yuan, with a market capitalization of 678.333 billion yuan, while Hong Kong shares were quoted at 208.20 Hong Kong dollars, up 3.38% on the day, with a market capitalization of 792.487 billion Hong Kong dollars.

"behind Tesla's big price reduction: the price of lithium for EV batteries in electric vehicles has hit a new low in three and a half months."

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