The 2024 Mysteel Lithium Battery Industrial Conference was successfully held in Changsha City, Hunan Province on December 20-22, 2023, which gathered over 400 C-suit officers, industrial veterans, experts, etc. from across the lithium-ion battery industry chain and value chain, including China National Development and Reform Commission, Mckinsey, Jilin University, Minmetals, Gotion High-tech, Brunp, Ronbay, Lygend, to communicate and exchange ideas centering the most trending topics at present. Mysteel also aimed at offering a valued platform for market players to understand the market supply and demand dynamics.
The three-day event covered topics that are most concerned by the market players, such as causes and logistics behind the choppy lithium carbonate prices through 2023, lithium supply and demand prospect in 2024 and onwards, understanding of battery related regulations in EU and US, wasted battery market potentials and technology routes, as well as challenges facing other key battery raw materials including nickel and cobalt.
Regarding the wilder-than-expected lithium carbonate price moves back in 2023, the sentiment-triggered destocking was believed to be among the major causes when the supply and demand sides were comparatively in line with the expectations.
Source: Mysteel
Looking ahead over 2024, it is widely expected that lithium carbonate prices have neared its bottom, and the high-cost capacities will gradually phase out on the backdrop of anticipated oversupply. But the short-term wrestling will still lead to volatile lithium carbonate prices as the spot market is comparatively small, vulnerable to speculative activities.
The listing of lithium carbonate futures contract at Guangzhou Futures Exchange offered a hedging tool for market players, especially considering the prices riding over a roller coaster in the past few years.
Mysteel (SZ.300226), founded in 2000 and located in Shanghai, is a sophisticated information services provider aiming that mirroring the most authentic commodities market in China, including ferrous, non-ferrous, energy, chemicals, as well as lithium-ion battery products. As a reputed commodity information provider, Mysteel is the first of its kind in China to achieve IOSCO certificate and is now deeply involved in the price discovery process of major commodities in China and overseas.
Written by Aggie Hu, huchenying@mysteel.com
