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today, there are market rumors that ningde times (300750.sz) will stop all lithium mica beneficiation in yichun, jiangxi, and all three smelters will be shut down for about a week, affecting monthly production by more than 5,000 tons. in response, ningde times told cailianshe reporters that based on the recent lithium carbonate market situation, the company plans to adjust the lithium carbonate production arrangement in yichun.

another insider told cailianshe reporter:catl has not yet taken any measures to stop production, and further communication and coordination will be required before any decision is made.tianyancha shows that from the perspective of equity structure, yichun times new energy mining co., ltd., which is mainly responsible for mining, is held by yichun times new energy resources co., ltd., a wholly-owned subsidiary of catl, and yichun mining co., ltd., which holds 65% and 35% of the shares respectively. yichun mining co., ltd. is a subsidiary of yichun state-owned assets supervision and administration commission.

the above-mentioned insider said that catl chose to stop production at this time point, on the one hand, it may be due to cost reasons. according to his understanding, catl's cash cost (of the project's products) is about 90,000 yuan/ton. in addition, the project has a large investment, and the full cost is higher after depreciation of fixed investment. according to shanghai steel union data, the price of battery-grade lithium carbonate today rose by 1,000 yuan compared with the previous day, with an average price of 73,500 yuan/ton.

zhang jinhui, a senior researcher at xinlang information, said in an interview with cailianshe that the suspension of production was mainly due to cost issues. at present, except for lithium extraction from salt lakes, other lithium mines are basically not profitable. the situation of most mines losing money is unsustainable, and it is inevitable that they will return to reasonable profits in the future.

regarding the rumor that catl's ore dressing plant has stopped production, a person related to longpan technology (603906.sh) told a reporter from cailianshe, "it is also a good thing for our listed company as a whole. the price of lithium carbonate will go up, and the price of lithium iron phosphate will not fall." it is reported that yichun longpan times is held by catl and longpan technology with a shareholding of 30% and 70% respectively. it is the main operating company of the lithium carbonate project jointly built by longpan technology and catl. previously in may, a person from the company's securities department told a reporter from cailianshe that the project's ore source is stably supplied by catl's lianxiawo mining area in fengxin county.

"they supplied all the mines before, and the news (of suspension of production) only came out last night.our factory is still operating normally today.” said the aforementioned longpan technology company person.

at present, yichun longpan times has built four production lines with an annual production capacity of about 30,000 tons, all of which are in full production. "if he (ningde) does not mine, we will also find some alternative sources. if not, we may also temporarily do some maintenance and rectification." the above-mentioned company person said.

judging from the impact of this suspension, stimulated by the news of "catl's suspension of production at yichun lithium mine", both futures and spot prices of lithium carbonate rose. today, the main futures contract lc2411 rose by more than 9% during the session; the spot price also reversed the downward trend. according to shanghai steel union data, the price of battery-grade lithium carbonate rose by 1,000 yuan from the previous day. according to longzhong information data, the mainstream price of battery-grade lithium carbonate in august was 77,000 yuan/ton, a month-on-month decrease of 12.5% ​​from the previous month.

the secondary market reacted violently, with the lithium mining sector seeing a long-awaited surge. the "two giants of the lithium industry" tianqi lithium (002466.sz) and ganfeng lithium (002460.sz) both hit their daily limit, jinyuan holdings (000546.sz) hit its daily limit, and china mining resources (002738.sz), rongjie holdings (002192.sz) and yongxing materials (002756.sz) all closed up more than 6%.

industry insiders said that if the supply decreases and the demand remains unchanged, the price will definitely rise, but it is hard to say how much it will rise in the future. at present, the supply of lithium carbonate industry continues to be in excess, the sales of new energy vehicles in china are good, but the demand for new energy vehicles overseas is lower than expected.

judging from catl's layout in yichun, after obtaining the prospecting rights of the jianxiawo mining area in 2022, catl has also joined forces with other companies to increase its layout in yichun. in just two years, catl has established joint ventures with many jiangxi lithium companies such as jiuling lithium, zhicun lithium, and yongxing new energy under yongxing materials. at the same time, it has also joined hands with jiangsu longpan technology and tianhua new energy (300390.sz) to layout the upstream of yichun lithium batteries.

according to public disclosure, the processing scale of raw ore of fengxin times porcelain stone mine (including lithium) comprehensive utilization project of ningde times subsidiary is 33 million tons/year. on the smelting side, ningde times has currently put into production production lines including longpan times 40,000 tons/year (reportedly 30,000 tons have been invested), fengxin times 30,000 tons/year, and tianyi lithium 25,000 tons/year.

in fact, the news of the suspension of production at yichun lithium mines has been announced long ago. as early as the beginning of this year, media reported that since the price of lithium carbonate has broken through the cost line of most companies, a large number of lithium-related companies in yichun have stopped production, and companies that are still open have also significantly reduced their production capacity. compared with the price of about 100,000 yuan/ton at the beginning of the year, the price of battery-grade lithium carbonate has fallen by about 25% this year.