Listed companies "lithium grabbing" need to be calm and cautious

Last week, the fiery lithium mining stocks were adjusted sharply.

On July 10, Xu Xiang's wife Ying Ying released the "Weekly Market Comment" on Weibo, which mentioned that "Davis Double -click on Tianqi Lithium has reached its peak, and the price has been overestimated." On July 11, Tianqi's lithium industry fell, and the stock price of lithium mine stocks such as Ganfeng Lithium and Shengxin Lithium also fell sharply.

Since last year, the demand for lithium products in the new energy vehicle industry chain in full swing has increased its demand for lithium products, and the price of lithium salt, including lithium carbonate, has been several times. Listed companies with "mining at home" have surged several times or even dozens of times. Lithium ore concept stocks are also constantly being supported by funds. It can be described as "lithium" all over the world.

In this context, listed companies have deployed lithium mines, and even many companies have originally done the main business of lithium ore. The shares, the Songdu shares of the real estate as the main business, and the Kanglongda who do protective gloves. Recently, the main business of the main business of the health care business has been questioned by the exchange due to cross -border M & A mining equity.

Interlaced like a mountain. Some companies have only seen that now lithium ore related companies have made a lot of money, but they have not seen these companies have been deeply cultivated in the industry for a long time. They have survived the cycle of lithium ore up and down. Scenery.

Behind capital to lay out lithium mines, risks are gradually emerging. In my opinion, this is not only the risk of falling after the stock price rises, but it is also worth noting that there are three uncertainty in lithium mine development itself, and listed companies need to enter the game with caution.

First, mineral development requires a certain amount of technology, especially lithium ore. After buying a lithium ore, companies without technical accumulation may need to recruit troops to buy horses, and the experience of domestic lithium mine development is not mature.

Second, the quality of lithium ore cannot be determined in the short term. Under the chasing of enterprises, high -priced ore buying and continuous investment in a large amount of capital development are unknown whether it can be recovered. The cases of listed companies have acquired lithium ore since last year, almost all of them are in a premium state. In May of this year, the auction of Snowy mining equity was shot from 3.35 million yuan to 2 billion yuan, and the auction price reached nearly 600 times the starting price. However, in fact, although some lithium ore has a large proven reserves, the resource mining volume is small, and the risks contained in it cannot be ignored.

Third, under the high price of lithium products, lithium ore prices have risen, and many companies have to pay huge amounts of funds to grab lithium ore. The development of lithium ore will take at least three or five years. unknown. Li Liangbin, chairman of Ganfeng Lithium Industry, once said, "The lithium products have 200,000 yuan yesterday, and there may be 40,000 yuan tomorrow." As we all know, the raw material industry is obvious. Once the supply is too required, the lithium price will fall, and the value of lithium ore will inevitably fall. These listed companies chasing the air outlet will fall miserable.

The author believes that behind the current hot of the new energy vehicle industry, listed companies need to be calm and thoughtful for lithium ore, especially companies that are facing transformation in traditional industries, and they must not be blindly followed. Regardless of which industry, the dividend period on the wind will inevitably attract many companies to compete for the layout, but the company must understand where its core competitiveness is. There is no professional technology to be surrounded. Out of the situation. (Li Chunlian)

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