Recently, "2024 Jiangxi Lithium Industry Conference and the Second Lithium Carbonate Supply and Demand Strategy Meeting", jointly organized by Shanghai Steel Union E-commerce Company Limited and Minmetals Futures Company Limited, was held in Yichun, Jiangxi Province. Lithium carbonate, the raw material that experienced a sharp rise and fall, is still the core issue of the lithium industry chain.

According to industry forecasts, after experiencing significant price fluctuations in 2023, the lithium market is expected to show a situation of supply exceeding demand in 2024. Taking the price of lithium carbonate of 100,000 yuan per ton as a benchmark, the annual surplus is expected to exceed 200,000 tons. Under the expectation of continued demand growth and oversupply, the cost line that balances supply and demand has become the key to clearing the industry and reversing supply and demand.

The industry's attention to costs has risen sharply, and several industry analysts believe that the cost line of 80,000 yuan per ton may become the industry's consensus. New Energy Division researcher Fang Li Che pointed out that although the expansion of production capacity is too fast, but when the price is poor, the industry's understanding of the entire future expectations or prices will become more rational, and the speed of production capacity will slow down.

Despite the slowdown in demand in China's lithium industry chain, it still maintains a growth of more than 20%. Against this backdrop, the balance between supply and demand will change. Fang Li Che expects that supply and demand will reach a balance point again around 2026.