Core Viewpoint - The energy metals sector experienced a significant decline of 3.71% on November 18, with Ganfeng Lithium leading the drop [1][2]. Market Performance - The Shanghai Composite Index closed at 3939.81, down 0.81% - The Shenzhen Component Index closed at 13080.49, down 0.92% [1]. Individual Stock Performance - Notable stock movements include: - Shengxin Lithium Energy (002240) rose by 4.12% to 37.41 - Ganfeng Lithium (002460) fell by 5.56% to 69.92 - Tianqi Lithium (002466) decreased by 3.63% to 59.94 - Other companies like Huayou Cobalt (603799) and Rongjie Co. (002192) also saw declines of 4.88% and 3.10% respectively [1][2]. Capital Flow Analysis - The energy metals sector saw a net outflow of 3.281 billion yuan from major funds, while retail investors contributed a net inflow of 1.999 billion yuan [2][3]. - Specific stock capital flows include: - Ganfeng Lithium had a net outflow of 922 million yuan from major funds - Tianqi Lithium experienced a net outflow of 745 million yuan from major funds [3].

兴合景气智选混合发起式A（024674）成立日期2025年7月25日，最新规模5307.1万。成立以来收益 12.53%。 兴合景气智选混合发起式A（024674）基金经理为梁辰星。 11月18日，华友钴业跌5.04%，截至发稿，报64.19元/股，成交51.95亿元，换手率4.19%，总市值 1217.10亿元。 截至发稿，梁辰星累计任职时间2年104天，现任基金资产总规模1.66亿元，任职期间最佳基金回报 84.93%， 任职期间最差基金回报12.64%。 资料显示，浙江华友钴业股份有限公司位于浙江省桐乡经济开发区二期梧振东路18号，成立日期2002年 5月22日，上市日期2015年1月29日，公司主营业务涉及新能源锂电材料和钴新材料产品的研发制造。主 营业务收入构成为：镍产品34.54%，正极材料16.28%，贸易及其他15.55%，镍中间品14.91%，铜产品 5.95%，三元前驱体5.25%，锂产品4.18%，钴产品3.33%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个 ...

资料显示，浙江华友钴业股份有限公司位于浙江省桐乡经济开发区二期梧振东路18号，成立日期2002年 5月22日，上市日期2015年1月29日，公司主营业务涉及新能源锂电材料和钴新材料产品的研发制造。主 营业务收入构成为：镍产品34.54%，正极材料16.28%，贸易及其他15.55%，镍中间品14.91%，铜产品 5.95%，三元前驱体5.25%，锂产品4.18%，钴产品3.33%。 恒生前海沪港深新兴产业精选混合（004332）基金经理为邢程。 截至发稿，邢程累计任职时间3年242天，现任基金资产总规模3.44亿元，任职期间最佳基金回报 87.69%， 任职期间最差基金回报-29.15%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 11月18日，华友钴业跌5.04%，截至发稿，报64.19元/股，成交51.96亿元，换手率4.19%，总市值 1217.10亿元。 从基金十大重仓股角度 数据显示，恒生前海基金旗下1只基金重仓华友钴业。恒生前海沪港深新兴产业精选混合（0 ...

11月18日，华友钴业跌5.04%，截至发稿，报64.19元/股，成交51.79亿元，换手率4.17%，总市值 1217.10亿元。 兴银国证新能源车电池ETF（159767）成立日期2021年8月6日，最新规模3.32亿。今年以来收益 73.85%，同类排名122/4212；近一年收益62.74%，同类排名177/3956；成立以来亏损7.32%。 兴银国证新能源车电池ETF（159767）基金经理为翁子晨。 截至发稿，翁子晨累计任职时间1年116天，现任基金资产总规模5.77亿元，任职期间最佳基金回报 109.97%， 任职期间最差基金回报-5.06%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 责任编辑：小浪快报 资料显示，浙江华友钴业股份有限公司位于浙江省桐乡经济开发区二期梧振东路18号，成立日期2002年 5月22日，上市日期2015年1月29日，公司主营业务涉及新能源锂电材料和钴新材料产品的研发制造。主 营业务收入构成为：镍产品34.54%，正极材料16 ...

Core Insights - The energy metals sector experienced a significant increase of 5.08% on November 17, with Shengxin Lithium Energy leading the gains [1] - The Shanghai Composite Index closed at 3972.03, down 0.46%, while the Shenzhen Component Index closed at 13202.0, down 0.11% [1] Company Performance - Shengxin Lithium Energy (002240) closed at 35.93, up 10.01% with a trading volume of 918,100 shares and a transaction value of 3.251 billion [1] - Rongjie Co., Ltd. (002192) also saw a rise of 10.01%, closing at 59.35 with a transaction value of 2.130 billion [1] - Tianqi Lithium (002466) increased by 9.87%, closing at 62.20 with a transaction value of 9.551 billion [1] - Yongxing Materials (002756) rose by 8.86%, closing at 56.28 with a transaction value of 2.258 billion [1] - Ganfeng Lithium (002460) increased by 7.48%, closing at 74.04 with a transaction value of 9.520 billion [1] Market Capital Flow - The energy metals sector saw a net inflow of 2.779 billion from main funds, while retail funds experienced a net outflow of 1.77 billion [2] - The main funds' net inflow for Ganfeng Lithium was 726 million, accounting for 7.62% of its trading volume [3] - Tianqi Lithium had a net inflow of 717 million from main funds, representing 7.51% of its trading volume [3] - Huayou Cobalt (603799) recorded a net inflow of 497 million from main funds, which is 5.69% of its trading volume [3]

Group 1 - The core viewpoint of the news highlights a significant increase in lithium carbonate futures, with a peak rise of 8% and a closing increase of 7.24%, reaching 93,660 yuan/ton, which has positively impacted related lithium mining sectors [1] - The China Automotive Power Battery Industry Innovation Alliance reported that in October, the domestic power battery installation volume reached 84.1 GWh, a month-on-month increase of 10.7% and a year-on-year increase of 42.1%, with lithium iron phosphate batteries accounting for 80.3% of the total [2] - The new energy vehicle market is experiencing a consumption peak due to the adjustment of the vehicle purchase tax and the traditional year-end sales season, with October's production and sales of new energy vehicles reaching 1.772 million and 1.715 million units, respectively [2] Group 2 - The CSI Rare Metals Theme Index (930632) has shown strong performance, with a 2.91% increase, and its top ten weighted stocks account for 60% of the index, including companies like Northern Rare Earth and Ganfeng Lithium [3][5] - The recent demand for lithium salts is expected to grow due to the new energy storage installation target of 180 GW by 2027, as outlined in the National Development and Reform Commission's action plan [2] - The Rare Metals ETF (561800) has risen by 3.11%, reflecting the overall performance of the rare metals sector, which includes mining, smelting, and processing companies [1][5]

有分析认为，战略小金属储量有限、开采难度大且供给弹性不足，同时新能源、半导体、军工等下游需求快速 增长，供需矛盾加剧。在资源稀缺性持续凸显、需求结构升级及政策调控下，未来稀有金属价格有望延续上行 趋势，具备资源储量优势、技术壁垒及合规出口渠道的企业将持续受益。 （文章来源：每日经济新闻） 受盘面影响，稀有金属ETF涨约3%。 | 代码 | 名称 | 现价 | | 涨跌 涨跌幅 ▼ | | --- | --- | --- | --- | --- | | 159608 | 稀有金属ETF | 1.036 | 0.031 | 3.08% | | 562800 | 稀有金属ETF | 0.901 | 0.026 | 2.97% | | 561800 | 稀有金属ETF基金 | 0.960 | 0.027 | 2.89% | | 159671 | 稀有金属ETF基金 | 1.259 | 0.033 | 2.69% | 稀有金属概念股全天走强，天齐锂业、中矿资源涨超9%，盐湖股份涨超6%，华友钴业涨超3%。 ...

11月17日，华友钴业涨5.01%，截至发稿，报68.90元/股，成交62.38亿元，换手率4.90%，总市值 1306.41亿元。 资料显示，浙江华友钴业股份有限公司位于浙江省桐乡经济开发区二期梧振东路18号，成立日期2002年 5月22日，上市日期2015年1月29日，公司主营业务涉及新能源锂电材料和钴新材料产品的研发制造。主 营业务收入构成为：镍产品34.54%，正极材料16.28%，贸易及其他15.55%，镍中间品14.91%，铜产品 5.95%，三元前驱体5.25%，锂产品4.18%，钴产品3.33%。 从基金十大重仓股角度 责任编辑：小浪快报 富荣价值精选混合A（006109）成立日期2018年8月10日，最新规模1141.96万。今年以来收益2.24%， 同类排名7631/8213；近一年收益3.08%，同类排名7363/8130；成立以来亏损12.2%。 富荣价值精选混合A（006109）基金经理为陈政龙。 截至发稿，陈政龙累计任职时间343天，现任基金资产总规模5075.96万元，任职期间最佳基金回报 2.99%， 任职期间最差基金回报2.68%。 风险提示：市场有风险，投资需谨慎。本文为A ...

磷酸铁锂价格回暖，技术迭代改变产能结构。在汽车制造商和电池生产商积极布局，以及全球储能需求的爆发背景下，作为电池"性价比担当"的磷酸铁锂价 格回暖，10月以来上涨约10%。不少头部企业的磷酸铁锂订单排到明年上半年，生产线持续以满负荷状态运行。同时，高压实磷酸铁锂等新技术的快速发 展，促使中游的材料企业进行技术升级和产能结构调整。 截至2025年11月17日 10:21，中证新能源汽车产业指数(930997)强势上涨1.23%，成分股容百科技(688005)上涨20.00%，天华新能(300390)上涨13.13%，盛新 锂能(002240)上涨9.46%，中矿资源(002738)，天齐锂业(002466)等个股跟涨。新能车ETF(515700)上涨1.05%，最新价报2.59元。拉长时间看，截至2025年11 月14日，新能车ETF近1周累计上涨0.75%。 | 股票代码 | 股票简称 | 涨跌幅 | 权重 | | --- | --- | --- | --- | | 300750 | 宁德时代 | -3.40% | 10.10% | | 300124 | 汇川技术 | 0.15% | 8.28% | | 00 ...

Investment Rating - The report maintains an "Overweight" rating for the non-ferrous metals sector [1]. Core Views - The non-ferrous metals sector saw a weekly increase of 1.07% from November 10 to November 14, outperforming the overall market index [14]. - Precious metals, particularly gold, are expected to maintain a bullish outlook in the medium term despite short-term fluctuations due to changing interest rate expectations [4][49]. Summary by Sections Market Review - The Shanghai Composite Index fell by 0.18%, while the non-ferrous metals sector ranked 16th among 31 sectors, outperforming the index by 1.25 percentage points [14]. - Precious metals increased by 2.77%, energy metals by 2.47%, and industrial metals by 1.56%, while small metals and new materials declined by 1.42% and 3.22%, respectively [14]. Industrial Metals - **Copper**: Prices rose with LME copper at $10,846 per ton (up 1.41%) and SHFE copper at ¥86,900 per ton (up 1.12%). Supply remains weak, with Codelco's September production down 7.2% year-on-year [2][31]. - **Aluminum**: LME aluminum reached $2,859 per ton (up 1.41%), driven by increased demand from the electric vehicle sector, where sales exceeded 50% of total new car sales in October [3][35]. - **Zinc**: Prices fell with LME zinc at $3,015 per ton (down 1.70%) and SHFE zinc at ¥22,470 per ton (down 1.30%). Zinc inventories increased, indicating a bearish trend [41]. - **Tin**: LME tin rose to $36,860 per ton (up 2.90%) due to reduced exports from Indonesia, which halved in October [45]. Precious Metals - **Gold**: COMEX gold closed at $4,084.40 per ounce (up 1.91%), while SHFE gold was at ¥953.20 per gram (up 3.47%). The resumption of U.S. government operations alleviated liquidity concerns, boosting prices [4][49]. - The Federal Reserve's hawkish comments and the lack of supporting economic data have led to a decrease in December rate cut expectations from 95% to around 50%, causing some price corrections in precious metals [50]. Inventory Changes - Copper inventories decreased, with LME at 135,700 tons (down 0.13%) and SHFE at 109,400 tons (down 4.89%) [29][34]. - Aluminum inventories increased slightly, with LME at 552,400 tons (up 0.57%) and SHFE at 114,900 tons (up 1.38%) [35].