Deutsche Bank and Alliance Global Investment visit Asian Metal

On the afternoon of September 27, Mr. Sun Baixuan from Deutsche Bank and Mr. Zhong Zhaoyang and Ms. Lu Yingwen from Alliance Global Investment visited Asian Metal, and had discussions with AM cobalt/lithium analyst Ms. Carol Lin and president assistant Mr. Zhao Hao.

Carol Lin made an introduction on China’s upstream and downstream industries of lithium salts. Though supply of raw material spodumene is sufficient, production capacity of lithium salts in China has not been released in a big way. The lithium battery market develops quickly as downstream demand picks up and prices for lithium salts move up gradually. With some lithium salt producers expanding their capacities or going to operation, it is expected that supply shortage of lithium salts may be relieved to some extent in the fort quarter of 2017.