China cooperate with all parties to speed up the development and utilization of domestic lithium resources

According to the official website of the Ministry of Industry and Information Technology, in order to promote the stable and healthy development of the lithium resources industry and ensure the safety and stability of the supply chain of new energy vehicles and other industrial chains, on September 15th, the Department of Raw Materials Industry of the Ministry of Industry and Information Technology organized a meeting. Lithium Resources Industry Development Symposium, Industry Department and Price Department of the National Development and Reform Commission, Mining Rights Department and Mining Insurance Department of the Ministry of Natural Resources, Price Supervision and Competition Bureau of the State Administration for Market Regulation, China Nonferrous Metals Industry Association, relevant quotation platforms, as well as lithium resources and lithium salts, Key cathode material manufacturers participated in the conference.

The participating units believed that my country's lithium resources have the reserve base to meet domestic demand. Currently, the production and supply of lithium resources are generally stable, and the supply and demand are basically balanced. In the next two years, as the production capacity of new resource development projects is gradually released, the supply of lithium products will increase significantly. Better meet the development needs of downstream industries. The lithium industry must be based on the current situation and take a long-term perspective, and jointly maintain a healthy and orderly market environment and a fair and open industrial environment.

The meeting emphasized that first, adhere to the system concept and examine the development and price of the lithium industry from the entire industry chain. Encourage upstream and downstream enterprises to establish long-term benefit-sharing collaborative relationships through signing long-term agreements, work together to maintain a smooth and stable supply chain, and build competitive advantages in the entire industry chain side by side. The second is to adhere to the bottom line thinking, seize the current critical window period, study and formulate relevant work plans to promote the development of the lithium industry, and propose a package of policy measures from the aspects of "more development, stable imports, reduction, and promotion of recycling", and cooperate with all parties to speed up domestic development. Development and utilization of resources to form supply capacity as soon as possible. 

The third is to adhere to the problem orientation, strengthen work coordination, and ensure supply and price stability in a standardized and orderly manner. Leading enterprises must play an exemplary role, production enterprises must not collude in pricing, and must not seriously deviate from cost pricing, and quotation agencies must standardize quotations to play an active role in stabilizing prices and expectations and safeguarding the supply chain of the industrial chain.

Recently, the price of battery-grade lithium carbonate has returned to a historical high again . According to Baichuan Yingfu data, as of September 15, the average domestic market price of battery-grade lithium carbonate has reached 510,000 yuan/ton. The price is very close to the historical high in March this year, when the average price was 517,000 yuan/ton.

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