The impact of the Russian-Ukrainian conflict on the lithium battery industry
The impact of the Russian-Ukrainian conflict on the lithium battery industry
In addition to price increases, what else is there for the lithium battery industry under the Russia-Ukraine conflict?
When economic globalization has become an inevitable trend, countries are no longer "isolated islands" to some extent, but "continents" that are connected together. Closer connections mean a deeper sharing of weal and woe. The lithium battery industry has the characteristics of strong comprehensiveness, wide coverage, and long chains. Under the influence of the Russian-Ukrainian conflict, what new direction does it have?
The conflict between Russia and Ukraine, because Russia is a big energy country, especially natural gas and oil resources, Europe will reduce the import of Russian energy in the future, energy substitution may become a relatively important proposition for European countries, photovoltaic and wind energy are good choices, and The application of photovoltaic and wind power is inseparable from energy storage lithium batteries,like LiFePO4 batteries.
The price of lithium carbonate has actually been rising. The data shows that on February 28, the market prices of domestic battery-grade lithium carbonate and industrial-grade lithium carbonate both increased by 10,000 yuan/ton, and the quotations were 490,000-500,000 yuan/ton respectively. , 470,000-480,000 yuan / ton.
The relationship between Russia and Ukraine continues to deteriorate, which may affect the global nickel supply in the short term and push up the price of nickel. Nickel is the key upstream raw material for the manufacture of electric vehicle power batteries and rechargeable Lipo battery. It is mainly used in the manufacture of ternary cathode materials in power batteries. Of course also include primary Lisocl2 battery and LiMNO2 battery. The mine output is about 2.7 million metal tons, mainly from Indonesia, the Philippines and Russia, of which Russia's nickel mine production accounts for about 9% of the global total (including low, medium and high grade nickel), ranking third. At the beginning of 2022, it has risen to 160,000 to 170,000 yuan per ton. In the case of tight supply and demand, the possibility of continued rise in the future cannot be ruled out.
-----Report From SER Lithium Battery Research Center
