According to reports, since the beginning of 2023, the price of domestic battery-grade lithium carbonate has continued to drop by more than 10%, but there are still many lithium companies announcing the expansion of lithium salt production capacity, and the upstream and downstream industries of lithium energy are still hot in the capital market.
In this case, experts have given an authoritative interpretation: the price drop of lithium batteries is only based on policy adjustments and tends to be reasonable, which not only avoids the sudden profits of the upstream industry, but also does not need to worry about overcapacity, leading to a sharp drop in prices, because it is still in an imbalance between supply and demand. In a state where supply is less than demand, market demand is still being released. Among them, new energy vehicles are an important market with stable growth, and the demand for mobile energy storage and household energy storage is also more prominent, and may usher in explosive growth.
The Russia-Ukraine war has plunged European countries into energy anxiety, and geopolitical conflicts have led to energy crises, which have rapidly pushed up electricity prices. A few days ago, South African President Cyril Ramaphosa also declared a state of disaster across the country in Cape Town, the legislative capital, to deal with the electricity crisis. And its impact, since 2022, there has been a serious power supply crisis in South Africa, and at its worst, there were more than 8 hours of power outages a day.
Many events have made people turn their attention to an emerging market - Energy Storage System.
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