锂矿主业尽管有些波动，但赣锋锂业旗下的赣锋锂电在产品上确实突破不少。 起点锂电获悉， 4 月 25 日天邦达与赣锋锂电签署协议 ，在电化学储能系统领域展开合作，具体为今年起 赣锋锂电向天邦达采购超过 5GWh 的电池管理系统 ，充分发挥双方技术专长，推动储能系统创新升级。 起点锂电从天邦达官网获悉，该公司成立于 2007 年，主营业务有储能锂电池管理系统 BMS 、储能整体解决方案， 5G 电源系统，新能源 汽车电动智控模组，动力 / 消费类锂电池控制模组等，已取得专利和软件著作权证百余件。 01 上游不利，下游突围 赣锋锂业 2024 年的 营收和净利润 分别同比下降 50.88% 、 23.49% ， 但 其他行业营收 却 增长 24.3% ，正说明了公司转型有了好结 果 。 锂价 近十年来经历了 两 次 大 变动周期 ， 尤其是 2020 年到现在经历了巅峰到谷底，这也恰恰是 新能源汽车 和储能产业从风口到内卷的 写照， 需求高增 但产能速度快于需求一步，造成释放时间加长 ，供求 关系也经历了一轮反转 ， 市场的影响对赣锋锂业尤其巨大 。 所以赣锋锂业此时需要进行全方位布局，从锂 资源到锂电池项目， 再 ...

Investment Rating - Industry View for China Materials is rated as Attractive [6] - Industry View for China Cement is rated as In-Line [6] - Industry View for China Coal is rated as Cautious [9] Core Insights - The Trump administration has initiated a tariff probe on all US critical mineral imports, which may impact supply chains and pricing in the sector [6][20] - Baosteel is continuing its industry consolidation efforts, investing Rmb9 billion to acquire a 49% stake in Magang Limited [3][6] - Base metals have shown price increases, with Shanghai copper prices up 2.5% week-over-week (WoW) and aluminum prices up 1.3% WoW, while inventories for both metals have decreased [6][10] - Battery metals are under pressure, with prices for lithium hydroxide and lithium carbonate declining slightly, and stockpiling expected to continue [2][20] - Gold prices have increased by 2.8% WoW, attributed to Zijin Mining's acquisition of the Akyem Gold Project in Ghana, which has significant production potential [3][34] Summary by Sections Base Metals - Shanghai copper prices increased by 2.5% WoW to Rmb76,380/t, with inventories down 6.2% [10] - Shanghai aluminum prices rose by 1.3% WoW to Rmb19,830/t, with inventories down 7.4% [10] Battery Metals - Domestic industrial-grade lithium hydroxide prices decreased by 0.3% WoW to Rmb62,750/t, while battery-grade prices also fell by 0.3% to Rmb68,830/t [2][10] - Industrial-grade lithium carbonate prices dropped by 0.2% WoW to Rmb69,650/t, and battery-grade prices fell by 0.4% to Rmb71,450/t [2][10] - Mysteel anticipates continued stockpiling of lithium carbonate in April, with prices under pressure due to flat demand [20] Gold - Gold prices rose by 2.8% WoW to US$3,327/oz, following Zijin Mining's acquisition of the Akyem Gold Project [3][34] Steel - Shanghai HRC prices decreased by 1.8% WoW to Rmb3,220/t, while CRC prices fell by 1.3% to Rmb3,961/t [10] - Long steel inventories decreased by 6.4% WoW, while flat steel inventories fell by 2.0% WoW [10] Cement - Cement prices decreased by 0.7% WoW to Rmb389/t [4][10] Coal - Coal prices remained flat WoW at Rmb678/t, with Qinhuangdao inventory increasing by 11.2% to 6.85 million tons [4][10] - The NDRC has issued a plan to upgrade coal-fired power plants from 2025 to 2027 [28][29]

【DT新材料】 获悉，4月25日， 赣锋锂业 发布公告，公司与 杭州市拱墅区人民政府 （以下简称"拱墅区政府"）、 杭州市能源集团有限公司 （以下简 称"杭州能源"）分别签署《框架合作 协议》《战略合作协议》， 约定公司拟在杭州拱墅区 投资建设高比能固态电池研发及产业化基地 ，围绕交通领域 电动化、新能源产业拓展、能源供应链拓宽、动力电池综合循环利用等领域开展合作。 关于固态电池 ，此前4月10日，赣锋锂业发布关于公司固态电池项目研发进展的公告表示， 公司已形成固态电池全链路布局，在硫化物电解质及原材 料、氧化物电解质、金属锂负极、电芯、电池系统等固态电池关键环节具备了研发、生产能力，并加快推动固态电池商业化应用。 1、技术突破与产品矩阵双向发力 赣锋锂业同步推进 硅基 与 锂金属负极 双路线突破产业化门槛，以金属锂负极技术为核心，推动高比能电池量产进程。 400Wh/kg电池循环寿命芯突破 800次并完成工程验证，具备规模化应用潜力；全球首款500Wh/kg级10Ah产品实现小批量量产，树立锂金属电池产业化标杆。 同时硅基负极同步推进，硅基体系实现320-450Wh/kg产品梯度布局，其中320Wh/kg电 ...

02 赣锋锂业公告称，公司与杭州市拱墅区人民政府、杭州市能源集团有限公司分别签署《框架合作协议》《战略合作协议》，三方将开展产业培育和长 效发展合作，建立共赢的长期战略合作发展关系。公司拟在杭州拱墅区投资建设高比能固态电池研发及产业化基地，围绕交通领域电动化新能源产业 拓展、能源供应链拓宽、动力电池综合循环利用等领域开展合作。 03 鹏辉能源2025Q1营收16.9亿元 4月24日，鹏辉能源连续披露2024年及2025年一季度业绩情况，两段时期公司营收均实现增长。具体来看，2024年，鹏辉能源实现营收79.61亿 元，同比增长14.83%；净利润-2.52亿元；扣非净利润-3.22亿元。2025年一季度，鹏辉能源实现营收16.9亿元，同比增长5.83%；净利 润-4498.31万元；扣非净利润-8030.16万元。 ◆ 材料 ◆ GGII： 2024年中国锂电回收市场 ◆ 电池 ◆ 亿纬锂能2025Q1营业收入128亿元 01 亿纬锂能发布2025年第一季度报告， 公司Q1实现营业收入127.96亿元，同比增长37.34%； 扣非归母净利润8.17亿元，同比增长16.60%。 亿 纬锂能动力电池一季度出货达1 ...

Core Viewpoint - Ganfeng Lithium (002460) has signed a framework cooperation agreement and a strategic cooperation agreement with the People's Government of Gongshu District, Hangzhou, and Hangzhou Energy Group Co., Ltd. to collaborate on electric transportation, new energy industry expansion, energy supply chain enhancement, and comprehensive recycling of power batteries [1] Group 1 - The three parties aim to invest in the establishment of a high-energy solid-state battery research and industrialization base in Gongshu District, Hangzhou [1] - The cooperation agreements are intended to achieve resource complementarity and establish a long-term strategic partnership for mutual benefit [1] - The expected impact on the company's current financial status and operating results is not significant [1]

证券代码：002460 证券简称：赣锋锂业 编号：临2025-054 江西赣锋锂业集团股份有限公司 关于公司签订合作协议的公告 本公司及其董事会全体成员保证公告内容真实、准确和完整，无 虚假记载、误导性陈述或者重大遗漏。 一、协议签署概述 江西赣锋锂业集团股份有限公司（以下简称"公司"或"赣锋锂 业"）与杭州市拱墅区人民政府（以下简称"拱墅区政府"）、杭州 市能源集团有限公司（以下简称"杭州能源"）分别签署《框架合作 协议》《战略合作协议》，三方发挥各自优势，实现资源互补，全面 开展产业培育和长效发展合作，建立共赢的长期战略合作发展关系。 约定公司拟在杭州拱墅区投资建设高比能固态电池研发及产业化基 地，围绕交通领域电动化、新能源产业拓展、能源供应链拓宽、动力 电池综合循环利用等领域开展合作。 根据《深圳证券交易所股票上市规则》《公司章程》等的规定， 本协议不构成关联交易，亦不构成《上市公司重大资产重组管理办法》 规定的重大资产重组，无需提交董事会和股东大会审议。 二、协议对方基本情况 （一）杭州市拱墅区人民政府 1、性质：区级人民政府 2、关联关系说明：公司与杭州市拱墅区人民政府不存在关联关 系。 （二）杭州 ...

金融界4月25日消息，A股三大指数收盘涨跌不一，沪深300金属与采矿指数 (300金属与采矿，L11606) 报2380.65点。 数据统计显示，沪深300金属与采矿指数近一个月下跌4.75%，近三个月上涨3.70%，年至今上涨 7.50%。 据了解，为反映沪深300指数样本中不同细分行业公司证券的整体表现，为投资者提供分析工具，将沪 深300指数300只样本按行业分类标准分为10个一级行业、26个二级行业、70余个三级行业及100多个四 级行业。沪深300细分行业指数系列分别以进入各二级、三级行业的全部证券作为样本编制指数，形成 沪深300细分行业指数。该指数以2004年12月31日为基日，以1000.0点为基点。 从指数持仓来看，沪深300金属与采矿指数十大权重分别为：紫金矿业（31.22%）、北方稀土 （6.24%）、宝钢股份（6.15%）、山东黄金（6.06%）、中国铝业（5.51%）、洛阳钼业（5.35%）、华 友钴业（4.87%）、中金黄金（4.43%）、包钢股份（4.29%）、赣锋锂业（3.72%）。 从沪深300金属与采矿指数持仓的市场板块来看，上海证券交易所占比82.17%、深圳证券交易所占 ...

Summary of Lithium Industry Conference Call Industry Overview - The lithium industry is experiencing a release of lithium salt production capacity, coupled with demand-side impacts from tariff wars, leading to a weaker market outlook. However, a year-on-year growth of 20%-30% is still expected for 2025 despite increasing inventory pressures and emerging contradictions in the industry [1][4] - Current lithium prices are approximately 68,000 yuan/ton, with around 600,000 tons of production capacity operating at a loss, representing 30%-40% of total production [1][5] Key Insights - High-cost projects may cease operations due to current price levels, potentially driving down mineral prices and forcing miners to shut down operations [1][6] - The acquisition price for lithium resources has significantly decreased from a peak of 7,000 yuan/ton in 2022 to around 1,000 yuan/ton in 2024, with Ganfeng Lithium's resource reset cost estimated at 49 billion yuan [1][7] - Construction costs for lithium mines range from 40,000 to 50,000 yuan/ton, while smelting investments are around 500 million yuan. In Tibet, efficient enterprises have a single-ton investment cost of about 1.4 billion yuan [1][8][9] Production Costs and Profitability - The complete cost of lithium extraction from ore is approximately 65,000 yuan/ton, while from salt lakes it is about 55,000 yuan/ton. To achieve a 10% internal rate of return (IRR) over a 15-year project cycle, the minimum price for ore should be 112,000 yuan, and for salt lake lithium, it should be 116,000 yuan [1][14][15] - In the current price range of 110,000 to 120,000 yuan/ton, both Tianqi Lithium and Ganfeng Lithium expect to achieve profits of at least 4 billion yuan [2][17] Market Dynamics - The lithium market is currently facing an increase in inventory due to the commissioning of new projects, including Ganfeng's projects and others in Hainan and Xinjiang [3][4] - The demand side is significantly influenced by tariff wars, with expectations of a slight month-on-month decline but a strong year-on-year growth forecast for 2025 [4][16] - The industry is experiencing a capital expenditure freeze, with many companies lacking significant new investment plans, indicating a potential bottoming out of the market [16][21] Future Outlook - The lithium supply surplus is expected to exceed 200,000 tons in 2024-2025, with a potential short-term shortage anticipated in 2026 as demand from electric vehicles and advancements in smart driving technology continue to grow [1][16] - Current market valuations for Ganfeng Lithium and Tianqi Lithium are around 56-67 billion yuan and 45-55 billion yuan, respectively, indicating that the market may be undervaluing these companies [18][20] - The industry is seen as a potential investment opportunity, especially as high-cost production is phased out, leading to a reversal in supply-demand dynamics [22][23]

证券代码：002460 证券简称：赣锋锂业 编号：临2025-053 江西赣锋锂业集团股份有限公司 关于2025年度第一期绿色中期票据（科创票据）发行结果的公告 本公司及其董事会全体成员保证公告内容真实、准确和完整，无 虚假记载、误导性陈述或者重大遗漏。 江西赣锋锂业集团股份有限公司 董事会 江西赣锋锂业集团股份有限公司（以下简称"公司"）于2024 年3月28日召开第五届董事会第七十五次会议审议通过《关于申请发 行境内外债务融资工具一般性授权的议案》，并获得公司2023年年度 股东大会审议通过。为优化债务结构、拓宽融资渠道、降低融资成本， 进一步满足公司业务发展需要，公司向中国银行间市场交易商协会 （以下简称"交易商协会"）申请注册不超过50亿元（含）人民币的 中期票据和不超过15亿元（含）人民币的短期融资券。具体内容详见 公 司 于 2024 年 8 月 27 日 在 《 证 券 时 报 》 及 巨 潮 资 讯 网 （http://www.cninfo.com.cn）披露的《关于拟发行中期票据和短期融 资券的公告》（公告编号：2024-074）。 2024年9月，公司收到交易商协会下发的《接受注册通知书》 ...

Core Points - The A-share market's three major indices closed mixed, with the CSI 300 Metals and Mining Index at 2390.84 points [1] - The CSI 300 Metals and Mining Index has decreased by 2.48% over the past month, increased by 5.41% over the past three months, and risen by 7.96% year-to-date [1] - The CSI 300 Index categorizes its 300 sample stocks into 10 primary industries, 26 secondary industries, over 70 tertiary industries, and more than 100 quaternary industries [1] Industry Composition - The CSI 300 Metals and Mining Index has a weight distribution of 82.43% from the Shanghai Stock Exchange and 17.57% from the Shenzhen Stock Exchange [2] - The industry composition of the index includes precious metals at 45.45%, industrial metals at 21.32%, rare metals at 18.45%, steel at 11.70%, and other non-metal materials at 3.08% [2] Index Adjustments - The index samples are adjusted semi-annually, specifically on the second Friday of June and December, with temporary adjustments made under special circumstances [2] - When a sample stock is delisted, it is removed from the index, and any corporate actions such as mergers or splits are handled according to maintenance guidelines [2] - Adjustments to the CSI 300 industry index samples occur in tandem with changes to the CSI 300 Index samples [2]