Stocks of Lithium Battery are Chased by People due to Policies and Increased Demands

By Anne Wang From 盖世汽车| May 19 2017
Share the:

lithium battery price in china ,PSPG,JIAYU Stock,Ganfeng Lithium,lithium battery price in china,Ganfeng Lithium, JIAYU Stock

SHANGHAI May 18th, 2017 Gasgoo – Yesterday, the stock index of two cities experienced an increase after a drop, lithium battery has its stock index surged 2.97%, that of PSPG, JIAYU Stock and Ganfeng Lithium surged limit while Tianqi Lithium, Penghui Energy, DFD, Huayou Cobalt, Guoxuan High-tech, Guoguang Electric and so on all have a rise of over 7%.

It is remarkable that, the overall investment opportunities of lithium battery industry chain have gained recognition from many organizations since the May, among which stimulated by policies and the growing demand continually promoted the industry are the main reasons.

MIIT (Ministry of Industry and Information Technology of the PRC) has issued the 4th batch of 2017 Recommended Models Catalogue for the Popularization and Application of NEVs at the beginning of this month, which covers 453 new energy vehicles. CICC thought that, the normalization of policy release is good for the sustainable growth of NEV sales, and the promotion of technologies like high-energy density is expected to continually increase the demand for high-quality battery and materials; it looks for further rising of the industry chain, high-quality products and materials having short supply in the future, and best seller models driving matched batteries and materials to expand their market shares.

TF Securities said that, production of NEVs both at home and abroad is expected to have a huge growth during the third and fourth quarters this year, and the demand growth of lithium salt is about 3 months ahead of that of NEVs, which means the price is continually to increase. In fact, prices of lithium carbonate obviously raised recently. According to data, price of battery grade lithium carbonate has increased 2000 yuan for each ton, a growing rate of 1.52%.

The performance of lithium battery listed company kept a rapid growth In the first quarter of this year, among which the net margin of the parent companies of J&R Optimum Energy, CITYCHAMP DARTONG, Xiantan Electrochemical, Shenzhen Universe, Chengtun Mining, J.S.Machine and so on all have a year-on-year growth of over 10 times.

  • RSS
  • Newsletter
  • China News International News Data Commentary
Site Map

Copyright Notice © 2016 Gasgoo.com Corporation and its licensors. All rights reserved.