每经AI快讯，9月19日，天齐锂业(09696.HK)涨近5%，截至发稿，涨4.98%，报41.28港元，成交额4.18 亿港元。 ...

消息面上，9月19日，2025遂宁国际锂电产业大会召开。工业和信息化部电子信息司二级巡视员吴国纲 在发言中表示，下一步，将强化锂电池技术创新引领，加快布局前瞻技术，加快固态电池、钠离子电 池、全气候电池、快充电池及关键材料的研发和产业化。 此外，近日，研究机构EVTank、伊维经济研究院联合中国电池产业研究院共同发布了《中国金属锂行 业发展白皮书(2025年)》。根据白皮书内容，全球各地固态电池头部企业已经开始布局和研发金属锂用 于固态电池负极材料，随着全固态电池实现大规模商业化，以及金属锂负极的渗透率的上升，将为金属 锂开拓一个巨大的增量市场。其中，天齐锂业拥有600吨金属锂产能，在建产能1000吨，排名全球第 二。 天齐锂业（002466）(09696)涨近5%，截至发稿，涨4.98%，报41.28港元，成交额4.18亿港元。 ...

Core Viewpoint - Tianqi Lithium Industries (09696) saw a nearly 5% increase in stock price, reaching HKD 41.28 with a trading volume of HKD 418 million, following the announcement of advancements in lithium battery technology and market opportunities for lithium metal [1] Industry Developments - The 2025 Suining International Lithium Battery Industry Conference highlighted the Ministry of Industry and Information Technology's focus on enhancing lithium battery technology innovation and accelerating the development of solid-state batteries, sodium-ion batteries, all-climate batteries, fast-charging batteries, and key materials [1] - A white paper titled "China's Metal Lithium Industry Development White Paper (2025)" was jointly released by EVTank, the YV Economic Research Institute, and the China Battery Industry Research Institute, indicating that leading companies in solid-state batteries are beginning to develop lithium metal for solid-state battery anodes [1] - The commercialization of all-solid-state batteries and the increasing penetration of lithium metal anodes are expected to create a significant incremental market for lithium metal [1] Company Position - Tianqi Lithium Industries has a production capacity of 600 tons of lithium metal and an additional 1,000 tons under construction, ranking as the second-largest globally [1]

Group 1: Liquidity and Performance of Rare Metal ETF - The rare metal ETF had an intraday turnover of 2.39%, with a transaction volume of 62.4557 million yuan [3] - Over the past week, the average daily transaction volume of the rare metal ETF reached 250 million yuan, ranking first among comparable funds [3] - The rare metal ETF's scale increased by 66.2844 million yuan in the past week, achieving significant growth and ranking first among comparable funds [3] - The ETF's shares grew by 262 million shares in the past week, also ranking first among comparable funds [3] - In the last five trading days, the rare metal ETF attracted a total of 175 million yuan in inflows [3] - As of September 18, 2025, the net value of the rare metal ETF increased by 87.33% over the past year [3] - The highest monthly return since inception was 24.02%, with the longest consecutive monthly increase being four months and a maximum increase of 58.56% [3] - The average monthly return during the rising months was 8.77%, and the annualized return over the past three months exceeded the benchmark by 6.60% [3] Group 2: Industry Insights and Developments - The concept of the "Asian Lithium Belt" was introduced, spanning 2,800 kilometers across four provinces, with multiple large and super-large lithium mines discovered [4] - According to a report by CITIC Securities, the profitability growth rate of the metal sector is expected to rise further in the first half of 2025, maintaining strong performance [4] - Sub-sectors such as rare earths, tungsten, nickel, cobalt, tin, antimony, and copper are performing exceptionally well [4] - The metal sector's dividends and fund holdings are on the rise, with valuations reaching their highest levels since 2022, although still below the 2021 peak [4] - The top ten weighted stocks in the CSI Rare Metal Theme Index account for 57.58% of the index, including companies like Northern Rare Earth, Luoyang Molybdenum, and Tianqi Lithium [4] - Investors can also participate in the rare metal sector through the Rare Metal ETF linked fund (014111) [4]

Group 1 - Tianqi Lithium Industries saw a stock price increase of 5.59%, reaching 45.56 CNY per share, with a trading volume of 1.916 billion CNY and a turnover rate of 2.91%, resulting in a total market capitalization of 74.774 billion CNY [1] - The company, established on October 16, 1995, and listed on August 31, 2010, is located in Chengdu, Sichuan Province, and specializes in the production and sales of lithium concentrate products and lithium compounds and their derivatives [1] - The revenue composition of Tianqi Lithium includes 50.54% from lithium compounds and derivatives, 49.25% from lithium ore, and 0.21% from other sources [1] Group 2 - According to data from the top ten holdings of funds, one fund under China Merchants Fund has a significant position in Tianqi Lithium, specifically the China Merchants CSI New Energy Vehicle Index A fund, which reduced its holdings by 25,000 shares in the second quarter, now holding 321,700 shares, accounting for 2.49% of the fund's net value [2] - The China Merchants CSI New Energy Vehicle Index A fund, established on August 27, 2021, has a current scale of 126 million CNY, with a year-to-date return of 42.44%, ranking 870 out of 4222 in its category, and a one-year return of 85.97%, ranking 872 out of 3805 [2] Group 3 - The fund manager of the China Merchants CSI New Energy Vehicle Index A fund is Liu Zhongjie, who has been in the position for 7 years and 140 days, managing total assets of 31.428 billion CNY, with the best fund return during his tenure being 101.67% and the worst being -32.44% [3]

Group 1 - Tianqi Lithium Industries Inc. experienced a stock price increase of 5.59%, reaching 45.56 CNY per share, with a trading volume of 1.916 billion CNY and a turnover rate of 2.91%, resulting in a total market capitalization of 74.774 billion CNY [1] - The company, established on October 16, 1995, and listed on August 31, 2010, is primarily engaged in the production and sales of lithium concentrate products and lithium compounds and their derivatives [1] - The revenue composition of Tianqi Lithium is as follows: lithium compounds and derivatives account for 50.54%, lithium ore for 49.25%, and other products for 0.21% [1] Group 2 - Tianhong Fund has a significant holding in Tianqi Lithium, with its Tianhong CSI New Energy Vehicle A fund (011512) reducing its stake by 26,800 shares in the second quarter, now holding 727,300 shares, which represents 2.49% of the fund's net value [2] - The Tianhong CSI New Energy Vehicle A fund was established on April 9, 2021, with a current size of 130 million CNY, achieving a year-to-date return of 42.73% and ranking 853 out of 4222 in its category [2] - The fund has delivered a one-year return of 84.94%, ranking 894 out of 3805 in its category, and a cumulative return of 13% since its inception [2] Group 3 - The fund manager of Tianhong CSI New Energy Vehicle A is Qi Shichao, who has been in the position for 241 days, overseeing total fund assets of 21.225 billion CNY [3] - During his tenure, the best fund return achieved was 42.46%, while the worst return was 9.36% [3]

Core Viewpoint - The energy metals sector continues to strengthen, with significant gains in various companies and related ETFs [1] Group 1: Company Performance - Ganfeng Lithium reached a trading limit increase [1] - Tianqi Lithium rose over 6% [1] - Other companies such as Tengyuan Cobalt, Boqian New Materials, Hanrui Cobalt, and Shengxin Lithium Energy also experienced gains [1] Group 2: ETF Performance - The Nonferrous Metals 50 ETF (159652) increased by 1.51%, with a trading volume of 35.8603 million [1] - The Rare Metals ETF (159608) rose by 2.02%, with a trading volume of 24.16 million [1]

Core Viewpoint - Tianqi Lithium Industry, one of the "lithium mining giants," has made significant progress in the field of key materials for next-generation high-performance lithium batteries, including the completion of experimental verification of new electrolyte preparation technology and the commencement of a pilot project for lithium sulfide production [1][4]. Group 1: Company Developments - The company has initiated a pilot project for the production of 50 tons of lithium sulfide, a key material for solid-state batteries, which has already begun construction [1][4]. - Tianqi Lithium has established a systematic development capability for alloy anode materials, progressing from gram-level to kilogram-level and then to hundred-kilogram-level production [4]. - The company is actively participating in the solid-state battery industry chain through investments, technological research, and collaboration with upstream and downstream partners [4][5]. Group 2: Financial Performance - Despite a continuous decline in lithium carbonate prices, Tianqi Lithium's profitability has improved, with a net profit of 0.84 billion yuan in the first half of 2025, recovering from a loss of 5.206 billion yuan in the same period of 2024 [2][6]. - The company's revenue for 2024 was 13.063 billion yuan, a year-on-year decrease of 67.75%, while the revenue for the first half of 2025 was 4.833 billion yuan, reflecting a decline of 24.71% compared to the previous year [6][7]. - The stock price of Tianqi Lithium has increased approximately 75% over the past five months, rising from a low of 25.57 yuan per share in April 2025 to a high of 49.67 yuan per share in September 2025 [3][8]. Group 3: Research and Development - The company's R&D expenses have shown a consistent upward trend, with expenditures increasing from 18.8264 million yuan in 2021 to 43.6207 million yuan in 2024 [5]. - Tianqi Lithium has established a joint venture with Beijing Weilan New Energy Technology Co., Ltd. to focus on pre-lithiation anode materials and related manufacturing equipment [5].

Core Viewpoint - Suining is positioning itself as a "Lithium Battery Capital," focusing on enhancing its lithium battery industry while expanding into sodium and solid-state battery sectors, aiming for high-quality economic development and increased competitiveness in the lithium battery supply chain [9][10]. Industry Overview - Suining's lithium battery industry is experiencing significant growth, with a projected 21.3% increase in added value in 2024, contributing 86.8% to the industrial added value [9]. - The lithium battery sector in Suining accounts for approximately one-third of the city's industrial scale, becoming a key driver for high-quality development [9]. Production and Capacity - Sichuan Fulin New Energy Materials Co., located in Suining, has an annual production capacity of 123,000 tons of lithium iron phosphate, achieving nearly 4 billion yuan in output from January to July, a 19.3% year-on-year increase [8]. - Suining has established itself as the largest production base for lithium iron phosphate in China, with an annual capacity of 460,000 tons, representing 18% of the national output in 2024 [10]. Supply Chain and Ecosystem - Suining has over 50 large-scale enterprises in the lithium battery industry, including top private companies in China, forming a comprehensive industrial cluster [9]. - The city has developed a full lifecycle industrial chain from lithium resource development to battery recycling, enhancing its competitiveness in the lithium battery market [10]. Investment and Projects - Since 2025, Suining has signed seven major projects in solid-state and sodium battery sectors, with total planned investments exceeding 40 billion yuan [10]. - The establishment of the first carbon lithium futures designated delivery warehouse in Southwest China has positioned Suining as a key player in the national lithium salt trading market [10]. Efficiency and Business Environment - Suining is implementing an "efficiency revolution" to improve the business environment, aiming for a significant reduction in project approval times and enhancing service quality for enterprises [10]. - The city has achieved a 70% improvement in service efficiency through integrated policy reforms and streamlined processes for investment projects [10].

Group 1 - The company is advancing in the research of next-generation high-performance lithium battery key materials, with new electrolyte preparation technology having completed experimental validation and pilot line construction actively underway [2] - The company has established a systematic development capability for alloy anode materials, with five types of binary lithium alloy anode materials entering the verification phase with cell customers [2] - The company has achieved stable production capacity for 300mm wide ultra-thin composite lithium strips and has developed a new technology for the preparation of lithium sulfide, with a pilot project for 50 tons of lithium sulfide having commenced [2] Group 2 - The company's revenue for the first half of the year was approximately 4.83 billion yuan, a year-on-year decrease of 24.71% [3] - The net profit attributable to shareholders of the listed company was approximately 84.41 million yuan, marking a turnaround from loss to profit [3] - The net profit after deducting non-recurring gains and losses was approximately 1.32 million yuan, also indicating a turnaround from loss to profit [3]