"Buy more as it falls!" Traders take advantage of the price drop to stock up, and the nickel industry may enter a phase of bottoming out | New cycle of csi commodity equity index
1. Some traders have indicated that the nickel price has already dropped to the psychological bottom range, and they are beginning to stock up on low stock price; 2. Currently, high-cost nickel production capacity is gradually being cleared out globally; 3. The future nickel price has limited downside potential, and may experience a phase of bottoming out.
Short-term sentiment picked up after hitting a freezing point, and the market may still rotate repeatedly around the following three hot spots in the future
Track the entire life cycle of the main sector
Behind the record high production and sales volume, Jinli Permanent Magnet's revenue and net profit have plummeted for the first time since listing, and several projects are about to be put into operation this year|Annual Report Interpretation
① Jinli Permanent Magnet's performance has maintained rapid growth since its launch in 2018. Last year, the company's revenue and net profit both declined for the first time; ② The company's revenue in the NEV and auto parts sector reached 3.303 billion yuan in 2023, with a global market share of about 28.49%; ③ Last year, the company's total output and total sales of high-performance rare earth permanent magnet materials reached the highest level in the same period in history, but the increase in production did not increase profits.
The battery material metal has fallen by more than 60% Goldman Sachs expects that the current price has not bottomed out
Financial Services Association, March 5 (Editor: Zhao Hao) Goldman Sachs Group, the top international investment bank, believes that it is still too early to assert that “the sharp decline in the price of battery metal raw materials is over,” and warns that huge supply and headwinds in the Western electric vehicle industry will keep their prices low for a longer period of time.
The cost of cobalt is hovering around the mine end and production capacity is beginning to appear. Has the Democratic Republic of the Congo (DRC) moved to restrict exports? |Industry Watch
Financial Services Association, Feb. 24 (Reporter Liang Xiangcai) Cobalt prices have lagged behind in the past four years, showing a rare “flat” trend. To a certain extent, this also reflects the results of the current internal game in the industrial chain.
Northern rare earths have continuously lowered their listing prices, and the prices of several rare earth products have “dived” |Industry News
As we enter the new year, rare earth prices don't seem to be getting warmer. As an industry trend vane, Northern Rare Earth (600111.SH)'s newly determined listing price for rare earth products in February 2024 has once again attracted market attention.