Core Viewpoint - The lithium carbonate futures market has seen a significant price increase, reaching a new high since July 2024, driven by strong demand from the electric vehicle and energy storage sectors [3][4]. Demand Recovery and Price Increase - Lithium carbonate futures have risen nearly 18% in November, with the main contract closing at 95,200 yuan/ton [5]. - Compared to the price low in June, the continuous main contract for lithium carbonate has increased over 60% [6]. - The current market price for high-quality lithium carbonate is between 90,500 yuan/ton and 90,900 yuan/ton, with battery-grade prices in the same range, reflecting a daily increase of 3,600 yuan [6]. Market Dynamics - The demand for lithium carbonate is being driven by rapid growth in both commercial and passenger electric vehicles, as well as a robust energy storage market [7]. - The production of power batteries in October reached 84.1 GWh, a year-on-year increase of 42.1%, with new energy vehicle sales reaching 1.715 million units, up 6.12% month-on-month [7]. - The energy storage market is also experiencing significant growth, with a reported production of 861.04 GWh for power batteries and 355.1 GWh for energy storage batteries in the first three quarters of the year, reflecting year-on-year growth rates of 45.6% and 57.5%, respectively [7]. Supply Chain and Inventory Trends - The market is currently experiencing a significant reduction in inventory, with expectations of over 12,000 tons of inventory reduction in November [10]. - Recent supply chain disruptions, including a three-month shutdown of the Jiangxia mine and regulatory reviews affecting production in Yichun and Qinghai, have contributed to supply constraints [10]. - Analysts predict that if the Jiangxia mine does not resume production, inventory reduction could reach approximately 8,000 tons in December [10]. Future Outlook - The demand for lithium is expected to continue growing, with UBS forecasting that global energy storage demand will increase from 396 GWh in 2026 to 873 GWh by 2030, representing a compound annual growth rate of 24% [7]. - However, there are concerns about potential price pressures due to high production levels and the release of new overseas salt lake capacities, which may limit price increases in the long term [11].

Core Insights - The market is experiencing a structural rally despite the overall index decline, with over 2,500 stocks rising and 100 stocks hitting the daily limit up [1] - Key sectors showing strong performance include military, energy metals, and regional stocks, driven by geopolitical factors, carbon lithium price surges, and local economic initiatives [3][4] Sector Highlights - **Military Sector**: Stocks like Great Wall Military and Jianglong Shipbuilding saw significant gains due to geopolitical support and expectations of state-owned enterprise reforms, with funds positioning for increased orders next year [3] - **Energy Metals**: Companies such as Shengxin Lithium Energy and Rongjie Co. surged as lithium carbonate futures rose over 8%, surpassing 90,000 yuan/ton, marking a new high for the year [3] - **Regional Stocks**: The Fujian sector is thriving with multiple stocks hitting the daily limit up, driven by green foreign debt trials and booming cross-border e-commerce data [3] Declining Sectors - **Precious Metals**: Stocks like Zhaojin Mining fell over 3% as gold prices dropped to $4,053, influenced by a decrease in the probability of a Federal Reserve rate cut [4] - **Solar Energy**: Companies such as Hongyuan Green Energy and Maiwei Co. saw declines near 6% due to high inventory levels and weak demand, as highlighted in a report by Nomura [4] Investment Strategy - **Military Line**: Focus on companies with strong order visibility in the aerospace and naval sectors, such as Chengfei and Jianglong Shipbuilding, which have significant upside potential [4] - **Energy Line**: Monitor the stability of lithium carbonate prices; potential for second-tier stocks like Tianhua New Energy to catch up if prices hold above 90,000 yuan/ton [4] - **Regional Line**: Caution advised for high-flying stocks like Pingtan Development; however, low-position stocks related to Xiamen Free Trade and cross-border e-commerce may present opportunities [4] Market Perspective - The current market differentiation is seen as an opportunity for portfolio reallocation, emphasizing the importance of holding stocks with solid fundamentals and policy support while avoiding speculative bubbles [5]

11月17日，碳酸锂期货主力合约涨停，收盘报95200元/吨，创2024年7月以来新高。赣锋锂业董事长李 良彬近日在某峰会上演讲时预测，碳酸锂价格可能会突破15万元/吨甚至20万元/吨，短期内行业博弈情 绪加剧，部分上市公司股价也跟着飙涨。 当天，受益于碳酸锂价格持续走高，A股能源金属、电池等板块涨势明显，锂矿概念全线大涨，盛新锂 能、融捷股份、大中矿业、中矿资源、雅化集团等强势涨停，天齐锂业、赣锋锂业、永兴材料等纷纷涨 超7%。 11月16日，赣锋锂业董事长李良彬表示，2025年，全球碳酸锂需求约为145万吨，但由于下半年需求增 长，预计全年需求数据更新到155万吨，供应能力约为170多万吨，有20万吨左右的过剩，所以价格比较 低迷。他预测，2026年碳酸锂需求会增长30%，需求达到190万吨，同时供应能力经过评估后会增长25 万吨左右，供需基本平衡，碳酸锂价格有探涨空间。如果明年需求增速超过30%，甚至达到40%，短期 内供应无法平衡，价格可能会突破15万元/吨甚至20万元/吨。 由此可见，12月底之前，供应紧张的确对碳酸锂价格上涨给予了支撑。 中长期价格看需求增速 短期内价格冲高有支撑 上海钢联新能源事 ...

(本文来自第一财经) 天华新能涨超17%，雅化集团涨停，此前大中矿业、融捷股份、盛新锂能、金圆股份（维权）涨停，中 矿资源、天齐锂业、西藏城投涨超8%。 ...

中新社北京11月17日电 (记者 陈康亮)中国A股能源金属板块17日(周一)涨幅居前，表现亮眼。 就当天A股主要指数的表现而言，截至收盘，上证指数报3972点，跌幅为0.46%；深证成指报13202点， 跌幅为0.11%；创业板指报3105点，跌0.2%。沪深两市成交总额约19108亿元人民币，较上一个交易日 缩量约473亿元人民币。(完)【编辑:刘阳禾】 消息面上，近期很多带"锂"的电池原材料价格都快速上扬，比如六氟磷酸锂、碳酸锂等产品。其中，在 期货市场上，碳酸锂主力合约连续价格近期也大幅拉升。截至17日收盘，碳酸锂主连价格当天大涨 9%；自9月11日以来，碳酸锂主连价格基本呈单边上涨走势，至今已累计涨逾35%。 中邮证券分析师李帅华表示，近期，碳酸锂期货价格的走强主要是由于新能源汽车和储能市场需求好于 预期。预计11月下游需求将延续景气状态，碳酸锂价格有望继续上涨，利好相关上市公司。 根据金融数据服务商东方财富的统计，以锂为代表的能源金属板块当天录得6.67%的涨幅，领涨A股所 有板块。个股方面，天华新能、融捷股份、盛新锂能、中矿资源股价收获涨停板；其中，天华新能股价 涨幅达20%。 ...

融捷股份有限公司公告（2025） 证券代码：002192 证券简称：融捷股份 公告编号：2025-051 融捷股份有限公司 股票交易异常波动公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 一、股票交易异常波动的情况介绍 融捷股份有限公司（以下简称"本公司"或"公司"）股票（股票简称：融 捷股份，股票代码：002192）交易价格连续三个交易日内（2025 年 11 月 13 日、 11 月 14 日和 11 月 17 日）日收盘价格涨幅偏离值累计超过 20%，根据《深圳证 券交易所交易规则》的规定，属于股票交易异常波动的情况。 二、公司关注及核实的情况说明 针对公司股票交易异常波动，公司董事会对公司、控股股东及实际控制人就 相关事项进行了核实，现将有关情况说明如下： （一）公司前期披露的信息不存在需要更正、补充之处。 （二）公司未发现近期公共传媒报道了可能或已经对本公司股票交易价格产 生较大影响的未公开重大信息。 （四）本公司、公司控股股东和实际控制人不存在关于本公司的应披露而未 披露的重大事项，或处于筹划阶段的重大事项。 （五）经向公司控股股东和实际控制 ...

融捷股份公告，公司股票交易价格连续三个交易日内日收盘价格涨幅偏离值累计超过20%，属于股票交 易异常波动的情况。经核实，公司前期披露的信息不存在需要更正、补充之处。公司未发现近期公共传 媒报道了可能或已经对本公司股票交易价格产生较大影响的未公开重大信息。近期公司经营情况及内外 部经营环境未发生重大变化。本公司、公司控股股东和实际控制人不存在关于本公司的应披露而未披露 的重大事项，或处于筹划阶段的重大事项。经向公司控股股东和实际控制人查询，公司控股股东、实际 控制人在本次股票交易异常波动期间未发生买卖公司股票的行为。 ...

近期碳酸锂价格回暖，11月以来碳酸锂期货主力合约价格已累计上涨近18%。 "区别于今年三季度的上涨行情主要由供给端扰动因素推动，此轮行情的核心动能源自需求端的集中释 放。"一位锂电产业人士告诉记者。 拉长周期看，碳酸锂连续主力合约较6月的价格低点，已经上涨超60%。 现货市场上，11月17日优质碳酸锂市场价格区间在9.05万元/吨~9.09万元/吨，电池级碳酸锂市场价格区 间在8.98万元/吨~9.09万元/吨，较上一交易日上调3600元。 11月17日，碳酸锂期货主力合约开盘上涨，午盘后继续上扬，最终以9.52万元/吨的涨停价报收，创下自 2024年7月以来的新高。 A股市场上，锂电板块集体走强，截至收盘盛新锂能（002240.SZ）、融捷股份（002192.SZ）强势涨 停，天齐锂业（002466.SZ）、永兴材料（002756 .SZ）均涨近9%。 消息面上，赣锋锂业董事长李良彬11月16日公开表示，2026年碳酸锂需求或增长30%至190万吨，碳酸 锂价格有探涨空间。若需求增速达到40%，短期内供应若无法平衡，价格可能会突破15万元/吨甚至20 万元/吨。 国泰君安期货邵婉嫕分析称，从基本面来看，在储 ...

龙虎榜机构热股 今天机构龙虎榜上榜39只个股，净买入13只，净卖出26只。当日机构买入最多的个股前三位是：时空科技（3.65亿）、融捷股份（1.07亿）、实朴检测 （8257万） 个股龙虎榜 一、福建自贸 海峡创新 个股龙虎榜 公司实控人为平潭国资委，是平潭国资控股的唯一上市公司 中国武夷 | 上榜热股 | 实时涨跌幅↓ 买/卖家数♦ | | | --- | --- | --- | | 时空科技 605178.SS | +10.00% | 2/0 | | 3日 | | | | 融捷股份 002192.SZ | +10.01% | 3/2 | | 3日 | | | | 实朴检测 | | | | 301728 57 | 117 700% | 5/7 | 融捷股份 龙虎榜显示，今日3家机构净买入1.07亿。 龙虎榜知名游资 公司实控人福建国资委，主营投资开发、工程承包、外经外贸 二、锂电池 子公司天宜锂业拥有从事锂盐行业多年的技术、管理团队，电池级氢氧化锂产品、电池级碳酸锂产品主要应用于新能源汽车电池、通讯电子产品电源设备、 能源存储等领域，可以实现电池级氢氧化锂产品13.5万吨/年，电池级碳酸锂产品3万吨/年。 ...

Market Overview - The military and lithium mining sectors experienced significant growth, with military stocks like Hongxiang Co., Zhongfutong, Jianglong Shipbuilding, and Tengjing Technology hitting the daily limit of 20% increase [3][5] - The Shanghai Composite Index closed down 0.46% at 3972.03 points, while the Shenzhen Component Index and ChiNext Index saw slight recoveries [1][2] Military Sector - The military sector showed strong performance, with several stocks reaching their daily limit, indicating increased investor interest due to rising geopolitical uncertainties [5][7] - Analysts predict a positive trend for the military industry from 2025 to 2027, driven by domestic demand and international military trade orders [7] Lithium Mining Sector - The lithium mining sector also demonstrated robust performance, with stocks like Tianhua New Energy and Shengxin Lithium Energy reaching their daily limit of 20% increase [8][9] - Predictions indicate a 30% increase in lithium carbonate demand by 2026, with potential price increases if demand exceeds expectations [10] AI Application Sector - The AI application sector was active, with stocks such as Xuan Ya International and BlueFocus reaching daily limits of 20% and over 12% increases, respectively [11][12] - Alibaba's recent developments in AI, including the launch of the "Qwen" personal AI assistant, are expected to enhance its market position in the AI sector [13]