Market Trend and Demand Lithium battery raw material prices continue to remain high Will Affact the Price of graphite product

The price of lithium-related battery materials continues to remain high, on the one hand, because the market share of new energy vehicles continues to grow, and the demand for power batteries continues to grow, and on the one hand, it is also caused by the tight supply and demand relationship between lithium materials.

According to the sales data of the China Automobile Association, the cumulative sales of domestic new energy vehicles from January to April 2021 reached 732,000, a surge of 249.2% year-on-year. Therefore, the installed capacity of power batteries also surged 241% year-on-year. This situation is not only happening in China. Statistics from foreign statistical agencies show that the installed capacity of power batteries in the overseas market in the first quarter increased by 96% year-on-year. Although not compared to domestic ones, this growth rate is still quite large.

The market share of new energy vehicles continues to grow at a geometric rate, and this growth rate will continue until at least 2025. It is estimated that in 2025, the global sales of new energy vehicles will exceed 18 million, and the resulting increase in demand for lithium carbonate will also be immeasurable. Relevant departments predict that the global demand for lithium carbonate will reach 1.24 million tons in 2025, which is 3.6 times that in 2020.

Such a huge demand is currently difficult to meet. So far, Australia, Chile, Argentina and other countries are the world’s major exporters of lithium, and the new crown epidemic has caused the export of lithium raw materials in these countries to continue to slow down. The global spread of the new crown epidemic continues to be tightened, and the main sources of supply cannot be guaranteed. This has made raw materials more scarce and prices have risen.

Such a tight supply of lithium materials and the continued increase in lithium material prices will not only not be alleviated in a short period of time, but will continue to intensify. Xu Aidong, secretary general of the China Nonferrous Metals Industry Association Cobalt Industry Branch, recently said at the "New Energy Battery Material Frontier Technology and Intelligent Manufacturing Summit Forum": Limited by the tightening of the global supply of lithium materials, the price of lithium materials will continue to maintain The high level may even exceed expectations, and the price of battery-grade lithium carbonate may soar to 100,000-120,000/ton in the second half of 2021.

Affected by Lithium battery raw material prices continue to remain high,the graphite product market is changing rapidly. These changes are indicators of market growth.This year-on-year upward trend in the market indicates that the next November 2020-2026 will show an oval but steady growth.If you are looking for graphite product or buy graphite product in bulk,please send an email to: sales@ozbo.com

The price of graphite product continues to be affected by factors such as market growth momentum,various opportunities and challenges.However,during the forecast period from 2020 to 2026,the global graphite product sales market is expected to continue to be above average.The growth rate will continue to increase.It is expected that from today to next week,the price of graphite product will increase to a certain extent.  

Due to changes in consumer demand,import and export conditions,and various investigations on the development of graphite product,the cost of graphite product is constantly changing.Taking into account the current market macroeconomic parameters, value chain analysis,channel partners,demand and supply,the cost of graphite product will also be affected to a certain extent.It is estimated that the cost of graphite product will increase slightly from today to next week.

However,Ozbo.com provides high purity Nano graphite product with steady price.In order to feedback to old customers,the company is still in full operations to provide graphite product with competitive price.said Olina,sales manager of Ozbo.com.

About Ozbo.com

Ozbo.com (aka.Tanki New Materials Co.Ltd.) is a trusted global chemical material supplier & manufacturer with over 12 years experience in providing super high-quality chemicals and Nanomaterials.As a leading nanotechnology development and graphite product manufacturer,Tanki New Materials Co.Ltd dominates the market.Our professional work team provides perfect solutions to help improve the efficiency of various industries,create value,and easily cope with various challenges.If you are looking for graphite product, please send an email to:  sales@ozbo.com