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Huge energy storage market is starting, is expected to usher in a period of rapid growth around 2020. The industry believes that the introduction of double product policy to build the endogenous mechanism for the development of the industry, demand for battery energy density will drive the rising share of ternary batteries, cobalt and lithium hydroxide will double benefit, demand is expected to continue to release. Other small metals, metal germanium, indium due to inadequate supply of raw materials, tight stock and strong demand support firm price. Rapid release of the industry demand and price factors, is to bring small metal investment "big opportunity."
Due to the tight supply and demand in the market, domestic suppliers have been optimistic about the market outlook. The phenomenon of reluctant sellers poses a serious problem, aggravating the tense situation of supply and demand. And the market is rumored to be about to resume the domestic molybdenum export quota system, may lead to the entire industrial chain prices continued to rise. As of yesterday's close, wind small metal index rose 1.87%, among the best in the concept plate. Constituents Huayu Mining, Huayou Cobalt, Oriental tantalum industry rose more than 5%.Titanium Brush CNC Turning manufacturer
Rare earth prices as a whole relatively stable, the entire Rare Earth market upstream before the Spring Festival has begun to cut production in the state, some wait and see market, to the Spring Festival after the policy changes in business strategy adjustment. Ministry of Industry and Information Industry had held a liaison meeting of rare metals inter-ministerial coordination mechanism, indicating that the high pressure on rare earth black, stimulating the mentality of some businesses, emotional optimistic about the market outlook, touching the downward trend in rare earth prices changed for the rise, but continued upward momentum is not enough, Popular businesses that wait and see or dominate. The current price of neodymium oxide praseodymium is steady at 325000-335000 yuan / tonne cash, down 10,000 yuan / ton over last weekend, the spot market transactions are still scarce, the supplier said the price stabilized and is expected to rise slightly in the coming week
In addition, MB low grade cobalt and cobalt advanced by 1.5% and 0.4% respectively this week, reaching new highs of US $ 37.1 / lb and US $ 37.5 / lb. According to China-Thailand colored team estimates, by 2018 global cobalt supply and demand are still in a state of tight balance, will support the long-term upward trend in cobalt prices.
New energy vehicles are cobalt, lithium and other small metal important application areas. Relevant data show that the global new energy vehicles in 2017 rapid development momentum, the British new energy vehicles sales growth of 27%, a record high; the United States more than 470,000 new energy vehicles, an increase of 6%. The application of energy storage has gradually opened up the large-scale demand for lithium batteries.CNC milling titanium die casting part manufacturer
Benefiting from the state's support policies for industries such as new energy vehicles and energy storage, the performance of new energy vehicles and upstream materials such as lithium, cobalt, nickel and rare earth permanent magnet started to improve from the end of 2016 and increased significantly in FY17. According to the data from China Association of Automobile Manufacturers, the production and sales of new energy vehicles in 2017 in 2017 all reached nearly 800,000 units, reaching 794,000 units and 777,000 units respectively, up 53.8% and 53.3% respectively over the same period of last year.