Report Summary 1. Core View - The recent sharp rise in lithium carbonate prices is due to two reasons: the market's expectation of supply contraction has increased after Jiangte Motor's announcement of the proposed cancellation of mining rights, and the previous day's market rumor that the resumption of production at Shixiaowo has encountered obstacles again, leading to the failure of the supply release expectation. The main contract closed at 108,620 yuan/ton, with a gain of 7.61%. It is expected that lithium carbonate will experience a correction after short - term high - level fluctuations, and attention should be paid to the resistance level of 115,000 yuan/ton [6]. 2. Specific Information Mining Rights Cancellation - On December 17, 2025, Jiangte Motor announced that the Yichun Natural Resources Bureau website recently released a notice to cancel 27 mining rights, including its Jiangxi Yifeng County Shiziling Mining Area lithium - bearing porcelain stone mine. Among the 27 mining licenses, 17 are for ceramic clay mines, 7 are for limestone, and others include kaolin and quartzite. The expiration of these licenses has little impact on the lithium carbonate market supply, and previous similar announcements in Yichun have not significantly affected the market [5]. Price Fluctuation Reasons - The sharp rise in lithium carbonate prices after the announcement is due to market sentiment being affected by Jiangte's announcement and media reports, which increased the expectation of supply contraction, and the previous day's rumor of production resumption obstacles at Shixiaowo, which also contributed to the price increase [6]. Market Outlook - As the lc2601 contract is about to enter the delivery month, the short - term market is expected to experience high - level fluctuations followed by a correction. Attention should be paid to the resistance level of 115,000 yuan/ton. The Guangzhou Futures Exchange has issued a market risk warning, and attention should also be paid to the weekly inventory data released on Thursday. If the de - stocking speed slows down or fails to meet expectations, market sentiment may decline [6][7].

Core Viewpoint - Jiangxi Jiangte Trading Co., Ltd. has been established with a registered capital of 100 million yuan, focusing on the sale of metal ores, metal materials, and high-performance non-ferrous metal alloys, fully owned by Jiangte Electric (002176) [1][2]. Company Information - The company is registered in Yichun City, Jiangxi Province, with a legal representative named Liu Zhilin [2]. - The business scope includes general items such as metal ore sales, chemical product sales (excluding licensed chemical products), and import-export activities [2]. - The company is classified as a limited liability company and is currently in operation with no fixed business duration [2]. Shareholder Structure - Jiangte Electric Co., Ltd. holds 100% ownership of Jiangxi Jiangte Trading Co., Ltd., with a subscribed capital of 100 million yuan [2].

1. Report Industry Investment Rating - No relevant information provided 2. Core Viewpoints - The lithium carbonate futures rose, with the intraday gain of the main contract approaching the daily limit. The market continued to trade on the disturbance in Yichun's mining end. After the market on Tuesday, Jiangte Motor announced the proposed cancellation of its Shiziling mining area, which pushed up the lithium price. The 05 - 01 spread narrowed to 1800, and the prices in the industrial chain showed a stable upward trend. With the short - term supply - side disturbance, the market's bullish sentiment was high, breaking through the previous high, and a new round of upward trend in lithium prices was expected [11]. 3. Summary by Directory 3.1. Market Review and Operation Suggestions - The lithium carbonate futures rose, and the intraday gain of the main contract almost hit the daily limit. The market focused on the mining - end disturbance in Yichun. After the market on Tuesday, Jiangte Motor's announcement of the proposed cancellation of the Shiziling mining area led to the high - opening and high - walking of the lithium price during the day. The 05 - 01 spread narrowed to 1800. The spot price of electric carbon increased by 1200 to 97050, the price of spodumene rose by 70 to 1330, the price of lepidolite increased by 85 to 2785, the price of ternary materials increased by 200 - 300, and the price of lithium iron phosphate rose by 280 - 295. The upward trend in the industrial chain was stable, and the lithium price was expected to continue rising [11]. 3.2. Industry News - A joint report by global consulting firm Kearney and the World Economic Forum showed that the global lithium supply can only meet one - third (35%) of the predicted demand in 2035. The report warned that the pace of global electrification, digitalization, and emission reduction is faster than the supply speed of mineral resources. The lithium supply needs to more than double by 2035, and the production of rare - earth elements and copper must increase by over 50%. By 2035, electric vehicles will account for 86% of the total lithium demand, 55% of the cobalt demand, and one - third of the total rare - earth consumption. Even if all announced projects are implemented, existing mines and smelters can only meet 35 - 45% of the predicted demand for lithium and graphite. There is a significant time mismatch in the value chain due to the long development cycle (10 - 20 years) of new mining projects compared to the 1 - 3 - year scale - up time for battery and motor factories. To achieve electrification goals, 60 million kilometers of transmission lines need to be newly built or replaced by 2035, and the grid infrastructure will account for 22% of the global copper demand, 29% of the vanadium demand, and 7% of the lithium demand [12]. - J.P. Morgan's latest report predicted that the average price of lithium carbonate in 2026 will be $17,500 per ton, a 43% increase from the previous forecast, and $22,000 per ton in 2027, a 66% increase. It is estimated that the lithium production of Chilean lithium producer SQM in 2026 will reach 275,000 tons of lithium carbonate equivalent, with 250,000 tons from Chile and 25,000 tons from Australia. The demand for energy - storage system batteries in 2026 is expected to reach 900 gigawatt - hours, a 17% increase from the previous forecast, and energy - storage systems will account for 34% of the total lithium demand in 2026, rising to 42% by 2030 [12]. - The Yichun Natural Resources Bureau recently issued a public notice on the proposed cancellation of 27 mining rights, which attracted wide attention in the domestic lithium - battery industry, and some involved enterprises raised objections. Jiangte Motor's Shiziling mining area in Yifeng County, Jiangxi Province, is one of the 27 mining rights to be cancelled. On the evening of December 16, Jiangte Motor announced that it had submitted an objection application to the Yichun Natural Resources Bureau, proposed relevant solutions, and tried its best to renew the mining license for the Shiziling mining area. The company also stated that the notice is a proposed cancellation notice, and the final decision depends on the Yichun Natural Resources Bureau. The company obtained the mining license for the Shiziling mining area in 2014 and renewed it in 2019, with an annual production scale of 1.2 million tons and a mining area of 0.1114 square kilometers [13].

1. Report Industry Investment Rating - No information provided 2. Core Viewpoints - The recent sharp rise in lithium carbonate prices is due to the market's increased expectation of supply contraction after Jiangte Motor's announcement of the proposed cancellation of mining rights and the disappointment of supply release expectations caused by the rumored resumption delay at Shixiawo. The main contract closed at 108,620 yuan/ton, up 7.61%. It is expected that lithium carbonate will experience a callback after short - term high - level fluctuations, and attention should be paid to the resistance level of 115,000 yuan/ton. Also, be aware of policy risks from the exchange, weekly inventory data, and the risk of a sharp fall due to concentrated liquidation [6]. 3. Summary by Related Catalog Market News - The supply situation of lithium carbonate is still uncertain, and there is a need to be vigilant about policy cooling while the market sentiment is high [1]. Company Announcement - On December 17, 2025, Jiangte Motor announced that Yichun Natural Resources Bureau planned to cancel 27 mining rights, including its Yifeng County Lion Ridge lithium - bearing porcelain stone mine. The expiration of these 27 mining licenses has little actual impact on the lithium carbonate market supply [5]. Market Analysis - The sharp rise in lithium carbonate prices is caused by the market's expectation of supply contraction and the disappointment of supply release expectations. The main contract closed at 108,620 yuan/ton, up 7.61%. It is expected to experience a callback after short - term high - level fluctuations, with the resistance level of 115,000 yuan/ton [6]. Risk Warnings and Suggestions - The Guangzhou Futures Exchange issued a market risk warning. Attention should be paid to policy risks of margin adjustment and position limit by the exchange in case of continuous sharp rise. Also, pay attention to the weekly inventory data on Thursday, as a slower - than - expected de - stocking speed may lead to a decline in market sentiment. Be vigilant against the risk of a sharp fall due to concentrated liquidation [7].

Core Viewpoint - The recent cancellation of expired mining rights in Yichun has led to a significant surge in lithium carbonate futures, indicating deeper market concerns about long-term lithium resource supply rather than just short-term supply-demand dynamics [3][6][10]. Industry Summary - Yichun City announced the cancellation of 27 mining rights, including those related to lithium-bearing minerals, which has raised concerns about the future supply of lithium resources [6][14]. - The Yifeng County Shiziling mining area, owned by Jiangte Electric, is a key lithium resource for the company, contributing 57,300 tons of Li₂O, which is a significant portion of its total reserves [6][10]. - The new Mineral Resources Law, effective from July 2025, will classify lithium as a strategic independent mineral, marking a shift towards stricter regulatory compliance in lithium resource development [7][14]. Supply Chain Implications - The new law will centralize mining rights approval to the Ministry of Natural Resources, leading to delays in new capacity releases and a tightening of the approval process [7][14]. - The minimum lithium oxide grade for mining has been raised to 0.4%, which will restrict low-grade lithium production and impact many small mining companies reliant on lower-grade resources [8][15]. - The industry is undergoing a cleanup of non-compliant operations, with the recent cancellations reflecting a broader trend towards regulatory compliance [9][16]. Financial Impact - The tax burden on lithium mining companies will increase significantly, with the resource tax for standalone lithium mining set at 15%, compared to previous rates of 3.25%-6.5% for other minerals [9][16]. - Compliance costs related to mining rights verification and resource assessment are expected to rise, further impacting the financial landscape for lithium producers [10][17].

Market Overview - On December 18, A-shares opened lower with the Shanghai Composite Index down 0.34% at 3857.26 points, the Shenzhen Component Index down 0.85% at 13112.61 points, and the ChiNext Index down 1.17% at 3138.66 points [1] - Key sectors such as CPO, tax refunds for outbound travelers, and fiberglass saw significant declines [1] - Notable stocks included Baida Group, which opened up 4.49%, and Shengtong Energy, which reached a limit up after a change in control [1] Company News - SpaceX has entered a "regulatory quiet period," signaling the initiation of the largest IPO in history [2] - Vanke A proposed a 12-month extension for the principal repayment of its medium-term notes, with a total outstanding amount of 3.7 billion yuan [2] - CATL launched the world's first humanoid robot production line for battery PACKs, marking a significant milestone in intelligent manufacturing [2] - China CNR signed several major contracts totaling approximately 53.31 billion yuan, representing 21.6% of its projected 2024 revenue [3] - Huayi Brothers reported a reduction in shareholding by Alibaba's venture capital arm, decreasing its stake from 3.47% to 2.40% [3] Industry Insights - The global optical module market is experiencing a rapid shift from copper cables to fiber optics, with 1.6T products expected to see significant growth starting in 2026 [6] - The Yichun Natural Resources Bureau plans to revoke 27 mining licenses, including one for Jiangte Electric's lithium-containing ceramic stone mine with an annual capacity of 1.2 million tons [7] - Travel bookings for the upcoming New Year holiday have increased by nearly 30% compared to the same period last year, indicating a recovery in the tourism sector [8] - A successful clinical trial of an invasive brain-computer interface was completed, allowing a paralyzed patient to control a smart wheelchair using brain signals [9] - The upcoming FORCE conference by Volcano Engine is expected to introduce new AI models, enhancing performance and reducing costs [10] - The fifth International AIDC Liquid Cooling Supply Chain Summit will discuss the growing importance of liquid cooling technology in data centers due to rising AI server demands [11] - The founder of Hailin Energy predicts that global electricity demand will surge by 2050, emphasizing the critical role of energy storage in addressing energy challenges [12][13] Institutional Perspectives - CITIC Securities highlights structural opportunities in the express delivery sector, focusing on cost reduction across the entire supply chain [14] - CICC notes that the food and beverage industry is nearing a bottom, with a focus on high-quality growth driven by product innovation and channel expansion [15] - Huatai Securities anticipates that the recent approval of L3 autonomous driving vehicles will accelerate value reconstruction in the smart driving industry, with significant investment opportunities emerging in 2026 [16]

Report Industry Investment Ratings No relevant information provided. Core Views of the Report - The A-share market showed a strong rebound, with the Shanghai Composite Index rising 1.19% to 3870.28 points, the Shenzhen Component Index rising 2.4%, and the ChiNext Index rising 3.39%. The market turnover reached 1.83 trillion yuan. [14] - The prices of steel and ore are expected to be volatile in the short term with limited rebound space, and a bearish approach is recommended in the medium to long term. [18][19] - The prices of coking coal and coke are expected to be volatile in the short term, and the 05 contract may have a phased rebound opportunity but with limited space and strength. [20] - For iron alloys, a bullish approach is recommended for ferrosilicon in the medium term, while a bearish approach is recommended for silicomanganese. [21][22] - For soda ash, a wait-and-see approach is recommended, while for glass, a bullish approach can be considered after the market sentiment stabilizes. [23] - For zinc, short positions are recommended as the price is expected to decline after the macro positive factors fade. [25] - For lead, it is recommended to hold short positions as the fundamentals are weak. [27] - For lithium carbonate, although the short-term fundamentals show signs of weakening, the medium to long-term demand is positive, and buying opportunities during corrections can be considered. [28] - For industrial silicon, it is expected to be volatile in the short term, and there may be some opportunities to repair the valuation. [31] - For polysilicon, the spot price is expected to remain strong, supporting the futures price to run strongly under the expectation of the anti-involution policy. [32] - For cotton, the price is expected to be volatile in the short term, and the long-term price is expected to rise due to the expected reduction in supply. [34][35] - For sugar, the price is expected to decline in a volatile manner, and a wait-and-see approach is recommended. [37] - For eggs, a bearish approach is recommended for the near-term contracts, while a wait-and-see approach is recommended for the far-term contracts. [39] - For apples, the price is expected to be volatile. [41] - For corn, a bearish approach is recommended for the far-term contracts, and a reverse spread opportunity can be considered. [42] - For red dates, a wait-and-see approach is recommended, and the market performance during the consumption peak season should be closely monitored. [43] - For live pigs, a bearish approach is recommended for the near-term contracts as the supply is strong and the demand is weak. [44] - For crude oil, the short-term rise driven by geopolitical factors is limited, and the price is expected to decline in the medium term due to the oversupply. [46][47] - For fuel oil, the price will follow the movement of crude oil prices, and the short-term trading focus is on geopolitical factors. [48] - For plastics, a bearish approach is recommended as the supply pressure is large and the demand is weak. [49] - For rubber, a short-term bullish approach can be considered during corrections, and the ru-nr spread strategy can be temporarily stopped for profit. [50] - For synthetic rubber, the price is expected to be strong due to cost and device factors, but chasing the rise should be cautious. [51] - For methanol, a bullish approach can be considered for the far-term contracts after the inventory is smoothly reduced, while a bullish approach is recommended for the near-term contracts. [52][53] - For caustic soda, a bullish approach is recommended as the futures price is strong. [54] - For asphalt, the price fluctuation is expected to increase, and the focus is on the price bottom after the winter storage game. [55] - For the polyester industry chain, a positive spread strategy can be considered for PX and PTA 5-9 contracts. [56] - For liquefied petroleum gas (LPG), the price is expected to be weak as the supply is abundant and the demand is poor. [57][58] - For pulp, a wait-and-see approach is recommended, and a short call option strategy can be considered for the 03 contract. [58] - For logs, the price is expected to be under pressure as the fundamentals are weak. [59] - For urea, the Indian urea tender has a positive impact on the near-term sentiment, but the impact on the 05 contract is expected to be weak. [60] Summaries Based on Relevant Catalogs Macro News - CICC plans to absorb and merge Dongxing Securities and Cinda Securities, and the three companies' stocks will resume trading on December 18. After the merger, CICC will become the fourth securities firm with total assets exceeding 1 trillion yuan. [10] - The global silver market has witnessed a historic rally, with the spot silver price breaking through $65 and $66 per ounce on December 17, approaching $67 per ounce. The year-to-date increase is about 130%, twice the increase of gold futures. [10] - In the first year of the 15th Five-Year Plan, a moderately loose monetary policy is needed to promote economic growth and price recovery. Market institutions generally expect a 0.5 percentage point reduction in the reserve requirement ratio and a 0.1 percentage point reduction in the interest rate next year. [10] - From January to November this year, the national fiscal revenue was 20.05 trillion yuan, a year-on-year increase of 0.8%. The national tax revenue was 16.48 trillion yuan, an increase of 1.8%, and the securities transaction stamp duty revenue was 185.5 billion yuan, an increase of 70.7%. [11] - China has achieved a breakthrough in invasive brain-computer interface clinical trials, successfully realizing the control of intelligent wheelchairs and robotic dogs with thoughts. [11] - BYD has launched a full-scale internal test of L3-level autonomous driving in Shenzhen, completing over 150,000 kilometers of actual road verification. [11] - CATL's new energy power battery PACK production line for humanoid embodied intelligent robots has been put into operation, marking a milestone in the application of embodied intelligence in the manufacturing industry. [11] - US President Trump has ordered a "full and complete blockade" of all sanctioned oil tankers entering and leaving Venezuela and declared the Venezuelan government a "foreign terrorist organization." [12] - Federal Reserve Governor Waller said that the Fed still has 50 to - 100 basis points of room for interest rate cuts, but there is no need for drastic action based on the current economic outlook. [12] Macro Finance - **Stock Index Futures**: A focus on the sustainability of liquidity repair is recommended. If it materializes, the index may strengthen. The A-share market rebounded strongly, with the Shanghai Composite Index rising 1.19% to 3870.28 points, the Shenzhen Component Index rising 2.4%, and the ChiNext Index rising 3.39%. The market turnover reached 1.83 trillion yuan. [14] - **Treasury Bond Futures**: Medium - and short - term bonds have certain odds and are expected to be volatile and strong. The funds are in a balanced and loose state, and the funds rate is stable. The 11 - month macro - economic data showed a decline in most indicators except for the stable unemployment rate. [15] Black Metals - **Steel and Ore**: The policy is relatively mild without strong stimulus. The demand for building materials is weak, while the demand for rolled products is improving. The supply of steel mills is expected to decline, and the inventory is still at a high level compared to last year. The cost is expected to decrease. A short - term volatile and medium - to long - term bearish approach is recommended. [18][19] - **Coking Coal and Coke**: The price is expected to be volatile in the short term. The coal production is expected to be restricted in the short term, and the demand for raw materials from steel mills is weakening. The 05 contract may have a phased rebound opportunity but with limited space and strength. [20] - **Ferroalloys**: A bullish approach is recommended for ferrosilicon in the medium term, while a bearish approach is recommended for silicomanganese. The supply of ferrosilicon is expected to decrease, while the supply of silicomanganese is expected to increase. [21][22] - **Soda Ash and Glass**: For soda ash, a wait - and - see approach is recommended. For glass, a bullish approach can be considered after the market sentiment stabilizes. The supply of soda ash is recovering, while the supply of glass is expected to be reduced. [23] Non - ferrous Metals and New Materials - **Zinc**: The price is expected to decline after the macro positive factors fade. The domestic inventory has decreased, and the price is affected by the Fed's policy and geopolitical factors. [25][26] - **Lead**: A bearish approach is recommended as the fundamentals are weak. The production of electrolytic lead has decreased, and the market for recycled lead is inactive. [27] - **Lithium Carbonate**: Although the short - term fundamentals show signs of weakening, the medium - to long - term demand is positive, and buying opportunities during corrections can be considered. The supply is expected to shift from surplus to balance or shortage. [28][30] - **Industrial Silicon**: It is expected to be volatile in the short term, and there may be some opportunities to repair the valuation. The supply may be affected by environmental protection in Xinjiang and the price of coking coal. [31] - **Polysilicon**: The spot price is expected to remain strong, supporting the futures price to run strongly under the expectation of the anti - involution policy. The price is affected by the establishment of the platform company and the supply - reduction expectation. [32] Agricultural Products - **Cotton**: The price is expected to be volatile in the short term, and the long - term price is expected to rise due to the expected reduction in supply. The supply is currently abundant, but the demand for pre - holiday replenishment and the expected reduction in planting area support the price. [34][35] - **Sugar**: The price is expected to decline in a volatile manner, and a wait - and - see approach is recommended. The global sugar supply is expected to be in surplus, and the new sugar supply is increasing. [37] - **Eggs**: A bearish approach is recommended for the near - term contracts, while a wait - and - see approach is recommended for the far - term contracts. The supply of laying hens is expected to decline, but the inventory is still high, and the demand is seasonal. [39] - **Apples**: The price is expected to be volatile. The出库 of apples is slow, and the market demand is weak due to the high price and the substitution of citrus fruits. [41] - **Corn**: A bearish approach is recommended for the far - term contracts, and a reverse spread opportunity can be considered. The supply - demand mismatch is being alleviated, and the far - term supply pressure is increasing. [42] - **Red Dates**: A wait - and - see approach is recommended, and the market performance during the consumption peak season should be closely monitored. The market is currently stable, and the future performance depends on the consumption demand and inventory reduction. [43] - **Live Pigs**: A bearish approach is recommended for the near - term contracts as the supply is strong and the demand is weak. The supply is expected to increase at the end of the month, and the demand increase during the double festivals is limited. [44] Energy and Chemicals - **Crude Oil**: The short - term rise driven by geopolitical factors is limited, and the price is expected to decline in the medium term due to the oversupply. The situation in Venezuela has led to a short - term increase in the price, but the long - term impact is limited. [46][47] - **Fuel Oil**: The price will follow the movement of crude oil prices, and the short - term trading focus is on geopolitical factors. The supply is abundant, and the demand is weak. [48] - **Plastics**: A bearish approach is recommended as the supply pressure is large and the demand is weak. The upstream production is in deficit, but there is no strong driving force for a significant rebound. [49] - **Rubber**: A short - term bullish approach can be considered during corrections, and the ru - nr spread strategy can be temporarily stopped for profit. The cost is supportive, and the price is affected by synthetic rubber. [50] - **Synthetic Rubber**: The price is expected to be strong due to cost and device factors, but chasing the rise should be cautious. The price is affected by the price of butadiene and the downstream procurement sentiment. [51] - **Methanol**: A bullish approach can be considered for the far - term contracts after the inventory is smoothly reduced, while a bullish approach is recommended for the near - term contracts. The supply is affected by the shutdown of Iranian plants, and the demand is increasing. [52][53] - **Caustic Soda**: A bullish approach is recommended as the futures price is strong. The spot market of 32% caustic soda is improving, and the short - selling positions are actively leaving the market. [54] - **Asphalt**: The price fluctuation is expected to increase, and the focus is on the price bottom after the winter storage game. The price is affected by the geopolitical situation and the winter storage expectation. [55] - **Polyester Industry Chain**: A positive spread strategy can be considered for PX and PTA 5 - 9 contracts. The price is mainly driven by cost and market sentiment, and the supply - demand drive is limited. [56] - **Liquefied Petroleum Gas**: The price is expected to be weak as the supply is abundant and the demand is poor. The geopolitical premium has limited impact, and the price is prone to decline. [57][58] - **Pulp**: A wait - and - see approach is recommended, and a short call option strategy can be considered for the 03 contract. The inventory is decreasing, and the market sentiment is improving. [58] - **Logs**: The price is expected to be under pressure as the fundamentals are weak. The inventory is expected to increase, and the spot price is under pressure. [59] - **Urea**: The Indian urea tender has a positive impact on the near - term sentiment, but the impact on the 05 contract is expected to be weak. The spot price is stable, and the futures price is strong in the near term. [60]

Core Insights - Lithium carbonate futures prices have surged, approaching 110,000 yuan/ton, indicating a recovery cycle in the industry [2][3] - The A-share lithium mining sector has seen significant gains, with leading companies like Tianqi Lithium and Ganfeng Lithium experiencing notable stock price increases [3] - The domestic lithium carbonate spot price has also risen sharply, with battery-grade lithium carbonate quoted at 97,100 yuan/ton, marking a 62.18% increase from the year's low [3] Market Performance - On December 17, A-share lithium battery concept stocks collectively surged, with companies like Shengxin Lithium Energy and Dazhong Mining hitting their daily price limits, and over 10 billion yuan of net capital inflow into the lithium battery sector [5] - The announcement of the cancellation of 27 mining licenses in Yichun has raised concerns, although the specific impact on lithium mines remains unclear [5] Industry Trends - The lithium battery industry is experiencing a recovery cycle, driven by the high cost-performance ratio of lithium iron phosphate technology in the electric vehicle market and the push for solid-state batteries [7] - The energy storage battery sector is entering a phase of large-scale expansion, with demand expected to grow significantly due to the increasing share of renewable energy and the need for grid stability [7] Production and Export Growth - In the first 11 months of the year, China's production and sales of power and other batteries reached 1,468.8 GWh and 1,412.5 GWh, respectively, representing year-on-year growth of 51.1% and 54.7% [7] - Exports of power and other batteries totaled 260.3 GWh, a 44.2% increase year-on-year, with power batteries accounting for 65.2% of total exports [7] Future Outlook - Analysts are optimistic about the recovery of the lithium battery industry chain, with expectations of continued growth in overseas markets and robust demand for energy storage batteries [8] - Forecasts suggest that global sales of new energy vehicles will grow by approximately 17% by 2026, with a corresponding 20% increase in demand for power batteries [8] Financial Performance - A-share lithium battery concept stocks have shown significant recovery in performance, with a total net profit of 117.2 billion yuan in the first three quarters, a year-on-year increase of 26.97% [9] - Among the lithium battery concept stocks, several companies have reported over 100% growth in net profit, including Guoxuan High-Tech and Daosheng Technology [9][10]

经营范围含金属矿石销售，金属材料销售，化工产品销售（不含许可类化工产品），有色金属合金销 售，高性能有色金属及合金材料销售，耐火材料销售，轴承钢材产品生产，金银制品销售，货物进出 口，技术进出口，普通货物仓储服务（不含危险化学品等需许可审批的项目），国内货物运输代理（除 依法须经批准的项目外，凭营业执照依法自主开展经营活动） 来源：市场资讯 序号股东名称持股比例1江西特种电机股份有限公司100% 天眼查显示，近日，江西江特贸易有限公司成立，法定代表人为刘志林，注册资本10000万人民币，由 江西特种电机股份有限公司全资持股。 企业名称江西江特贸易有限公司法定代表人刘志林注册资本10000万人民币国标行业制造业>电气机械 和器材制造业>其他电气机械及器材制造地址江西省宜春市袁州区环城南路581号2层企业类型有限责任 公司（非自然人投资或控股的法人独资）营业期限2025-12-17至无固定期限登记机关宜春市袁州区市场 监督管理局 ...

借着宜春多个采矿权注销的消息，碳酸锂期货再次刷新年内高点。 截至12月17日收盘，碳酸锂期货多个合约涨幅超过7%，其中主力合约LC2605等全面突破10万元/吨，远月合约LC2612更是站上11万元/吨。 近期，宜春市自然资源局网站发布了《关于拟公告注销27个采矿权的公示》，对包含陶瓷土、石英岩和高岭土在内的27宗采矿许可证予以注销。 12月12日，当地再次发布《关于拟公告注销27个采矿权的公示》，对多个过期的陶瓷土、石英岩采矿许可证进行注销公示，公示时间30个工作日，公示期 满后予以公告注销。 值得注意的是，以上注销采矿权只是各地自然资源部门的常规操作，相关工作既不是今年才正式启动，也不是宜春当地所独有。 不过，需要指出的是，以上拟注销的部分采矿权有效期在2011年便已经停止，目前27个采矿权已经全部过期，这对短期市场供给、企业生产层面并不会构 成明显影响。 经过11月中旬的调控后，近期碳酸锂期货持仓量持续增长，价格也已经重返前期高点附近，上述采矿权注销的消息无非是对市场带来了情绪层面的拉动， 期货价格借势突破。 企业层面，江特电机所属的狮子岭矿区含锂瓷石矿虽然在上述注销范围内，但是也不是上市公司的主力矿山 ...