Industry insiders said that rising lithium prices may bring profit growth for suppliers. In addition, the release of new market demand is also expected to enhance the profitability of the entire industrial chain, although there is no obvious incremental demand. In terms of lithium battery industry development expectations, the market is looking forward to the trend in 2024. As the global electric vehicle market continues to expand, the demand for lithium batteries continues to grow. Among them, the price trend of lithium carbonate has been a concern, and its price fluctuations directly affect the profitability of the lithium battery industry. Analysts have pointed out that the rising price of lithium carbonate may boost the profit growth of the entire industrial chain to a certain extent, but it is also necessary to pay attention to the impact of price fluctuations on corporate costs and profitability.

A senior analyst explained to Caixin News Agency reporter: 2024 downstream demand may exceed expectations, one is to replace the old with the new and other policy support, one is to reduce the price continued, this year, the domestic demand for electric vehicles will be very good. Domestic battery and material penetration rate in Europe have continued to improve, because the price-performance ratio is far ahead. Recently, the lithium carbonate spot end of the trading activity has improved, along with the adjustment of the spot price, the downstream inquiry enthusiasm, the spot is still based on the long term sales of bulk orders continue to support the price.