12月17日，国内碳酸锂市场迎来强势上涨。期货市场上，碳酸锂期货主力合约盘中一度飙升超过8%，最高触及109860元/吨，这 一价格不仅刷新了年内高点，更是创下了自2024年5月以来的新高。回顾年内走势，该品种累计涨幅已超40%，涨势引人注目。 公开信息显示，本次拟注销的这27宗矿权有效期截止点分散，多数早在2010年至2019年间就已到期，甚至有3宗在2010年前已失 效。 值得注意的是，期货大涨的背后，是现货价格的坚实上提。根据上海有色网（SMM）12月17日数据，国内电池级碳酸锂 （99.5%）报价区间已升至94,600—99,500元/吨，工业级碳酸锂（99.2%）报价区间达93,300—95,600元/吨，两者均价较前一日分 别上涨1,200元/吨和1,100元/吨。 夏莹莹认为，当前新能源重卡市场表现亮眼，叠加储能领域的快速发展，为碳酸锂需求提供了强劲且持续的支撑。与此同时， 国家相关产业政策的持续扶持与电力市场改革的稳步推进，进一步筑牢了中国新能源产业的健康发展根基，为碳酸锂需求增长 注入长期动力。 期货市场的火热迅速传导至股票市场。A股锂矿板块当日表现强势，相关指数大幅上扬。截至收盘，锂指数（ ...

消息面上，继宁德时代枧下窝矿被关停后，"亚洲锂都"宜春又现大动作。最新消息，根据 《矿产资源法》《矿产资源开采登记管理办法》和《自然资源部关于进一步完善矿产资源勘 查开采登记管理的通知》等相关要求，宜春市自然资源局拟对高安市伍桥瓷石矿等27宗采矿 许可证予以注销。 目前，宜春市自然资源局已对拟注销的27宗采矿许可证进行公示，公示期（30个工作日）满 后予以公告注销。注销后，生态修复等相关义务由原矿权人履行。由此引发市场对供应扰动 的担忧。 记者丨李益文 编辑丨叶映橙 12月17日，国内碳酸锂市场迎来强势上涨。期货市场上，碳酸锂期货主力合约盘中一度飙升 超过8%，最高触及109860元/吨，这一价格不仅刷新了年内高点，更是创下了自2024年5月以 来的新高。回顾年内走势，该品种累计涨幅已超40%，涨势引人注目。 期货市场的火热迅速传导至股票市场。A股锂矿板块当日表现强势，相关指数大幅上扬。截至 收盘，锂指数（884286.TI）涨幅超过6%。板块内个股全线飘红，其中盛新锂能强势涨停，融 捷股份、西藏矿业涨幅均超过6%，其他成分股也均有不错表现，市场做多情绪浓厚。 一则消息彻底引爆碳酸锂 "亚洲锂都"宜春拟注销2 ...

Market Overview - The Shanghai Composite Index rose by 1.19%, the Shenzhen Component Index increased by 2.4%, and the ChiNext Index surged by 3.39%, while the North China 50 Index fell by 0.04% [1][2] - The total market turnover reached 18,140 billion yuan, an increase of 659 billion yuan compared to the previous day [1][2] Sector Performance - The energy metals sector showed strong performance, with Shengxin Lithium Energy hitting the daily limit, Rongjie Co. rising over 6%, and Tianqi Lithium and Tibet Mining both increasing by over 5% [1][2] - The CPO sector continued to strengthen in the afternoon, with several stocks including Lian Te Technology and Yidong Electronics hitting the daily limit [1][2] - The battery sector experienced fluctuations, with Tianhua New Energy rising over 10% and Tianji Co. hitting the daily limit [1][2] - The Hainan sector underwent significant adjustments, with Jingliang Holdings and Hainan Ruize both reaching the daily limit down [1][2]

Market Overview - The Shanghai Composite Index experienced narrow fluctuations, while the ChiNext Index rose over 1% on December 17. The total trading volume in the Shanghai and Shenzhen markets was 1.04 trillion yuan, a decrease of 103.9 billion yuan compared to the previous trading day. A total of 3,724 stocks declined, while 1,578 stocks increased [1][2]. Sector Performance - The lithium battery industry chain led the market gains, with Tianhua New Energy (300390) rising over 13%, Jinyuan Co. (000546) achieving two consecutive limit-ups in four days, and Shengxin Lithium Energy (002240) hitting the daily limit. Hong Kong-listed Tianqi Lithium (002466) and Ganfeng Lithium (002460) both increased by over 5% [3][4]. Lithium Market Insights - On December 17, lithium carbonate futures surged over 7%, reaching a new high since May 2024. Following the shutdown of mining operations by CATL (300750), the "Lithium Capital of Asia," Yichun, plans to cancel 27 mining rights. Analysts noted that lithium carbonate futures prices have risen over 70% from their low point earlier in the year, with market expectations for lithium demand significantly improving following the release of November battery sales data [3][4]. Rare Metals and Other Sectors - The optical module sector saw a significant rebound, with major players like Guangku Technology (300620) leading with over a 5% increase. Rare metal stocks also strengthened, with Zhongtung High-tech (000657) nearing a limit-up and reaching a historical high. Tungsten powder prices increased by 10,000 yuan per ton, now priced at 1 million yuan per ton, reflecting a 216.5% rise since the beginning of the year [5]. New Stock Performance - Muxi Co., known as the "second domestic GPU stock" and the "second most expensive new stock of the year," saw its shares soar over 700%, with a market capitalization nearing 335 billion yuan, surpassing Moer Thread. The stock's price reached 719.8 yuan, with potential profits exceeding 300,000 yuan per share [7]. Precious Metals Update - Silver prices reached a new historical high, with spot silver rising over 3% to 65.86 USD per ounce. The main contract for silver futures on the Shanghai Futures Exchange increased by over 4%. Gold also saw a sharp increase, touching 4,320 USD, with the World Gold Council projecting an average annual return of over 5% for gold from 2025 to 2040 [7][8].

Group 1 - The A-share market for lithium mining stocks has shown strong performance, with several companies reaching their daily price limit [1] - Notable gainers include Shengxin Lithium Energy, Dazhong Mining, and Jinyuan Co., which all hit the daily limit [1] - Other companies such as Yalake Co. and Guocheng Mining saw increases of over 7%, while Zhongmin Resources, Rongjie Co., and Yahua Group rose by more than 6% [1] Group 2 - Tianqi Lithium, Tibet Mining, Tibet City Investment, and Ganfeng Lithium all experienced gains exceeding 5% [1]

Core Insights - The rare metals sector in the A-share market experienced significant gains, with several stocks reaching new highs and notable increases in share prices [1] Group 1: Stock Performance - Zhongtung High-tech reached its daily limit and set a historical high, with a price increase of 9.79% and a total market capitalization of 65.2 billion [2] - Zhongmin Resources and Xiamen Tungsten both saw price increases exceeding 6%, with year-to-date gains of 89.47% and 122.63% respectively [2] - Other notable performers included Yahua Group, Tianqi Lithium, and Tibet Mining, all of which recorded price increases of over 5% [1][2] Group 2: Market Capitalization and Year-to-Date Gains - The total market capitalization of the top rare metal stocks varied, with Ganfeng Lithium leading at 131.7 billion, followed by Tianqi Lithium at 86.8 billion [2] - Year-to-date performance showed substantial growth across the sector, with Zhongtung High-tech leading at 214.71% increase, indicating strong investor interest and market confidence [2]

Core Viewpoint - The A-share market for rare metal stocks has seen a significant rally, with several companies reaching new highs and experiencing substantial gains [1] Group 1: Company Performance - Zhongtung High-tech reached its daily limit and set a historical high [1] - Zhongmin Resources, Xiamen Tungsten, and Rongjie Co. all increased by over 6% [1] - Yahua Group, Tianqi Lithium, Tibet Mining, and Zhangyuan Tungsten all rose by over 5% [1] - Ganfeng Lithium, Dongfang Tantalum, and Yongxing Materials increased by over 4% [1]

Group 1 - The lithium mining sector saw a significant increase, with related indices rising nearly 5% as of the report date [1] - Notable stock performances included Guocheng Mining and Jinyuan Co., both hitting the daily limit up, while Tianhua New Energy surged over 10% [1] - The lithium index reached 6504.79, marking a 4.79% increase [2] Group 2 - Lithium carbonate futures experienced a rise of over 6%, reaching 107,500 yuan per ton, the highest since May 2024, with a year-to-date increase of nearly 40% [3][4] - The trading volume for lithium carbonate futures was reported at 362,400 contracts, indicating strong market activity [4]

Investment Rating - The report maintains a "Buy" rating for several companies in the non-ferrous metals sector, including Shandong Gold, Zijin Mining, and others [3][6]. Core Views - The report highlights that the Federal Reserve's interest rate cut and balance sheet expansion are favorable for precious metals, with expectations of further rate cuts in 2026 [1][35]. - For industrial metals, the report notes that copper inventories are increasing in the U.S., while non-U.S. regions face supply tightness, which could lead to a short squeeze [2]. - The aluminum market is supported by positive macroeconomic policies and low inventory levels, leading to a strong price floor [2]. - Nickel prices are expected to remain low due to seasonal demand weakness [2]. - Lithium prices are experiencing fluctuations due to supply disruptions, while cobalt supply is set to increase with the resumption of exports from the Democratic Republic of Congo [2]. Summary by Sections Precious Metals - The Federal Reserve's recent actions are expected to boost liquidity and support precious metal prices [1][35]. - The market anticipates two rate cuts in 2026, which could influence precious metal investments positively [1][35]. Industrial Metals - **Copper**: U.S. copper inventories are rising, while low inventories in non-U.S. regions raise concerns about supply [2]. - **Aluminum**: The aluminum market is experiencing a strong price support due to positive economic data and low inventory levels [2]. - **Nickel**: Nickel prices are projected to remain low as demand enters a seasonal downturn [2]. Energy Metals - **Lithium**: Prices are fluctuating due to supply disruptions, with recent increases in lithium carbonate prices [2]. - **Cobalt**: The resumption of cobalt exports from the Democratic Republic of Congo is expected to stabilize supply and maintain high price levels [2]. Key Companies to Watch - The report suggests monitoring companies such as Shandong Gold, Zijin Mining, and others for potential investment opportunities [1][2][6].

Core Insights - The energy metals sector increased by 1.26% on December 10, with Shengxin Lithium leading the gains [1] - The Shanghai Composite Index closed at 3900.5, down 0.23%, while the Shenzhen Component Index closed at 13316.42, up 0.29% [1] Energy Metals Sector Performance - Shengxin Lithium (002240) closed at 32.33, up 5.97%, with a trading volume of 766,800 shares and a transaction value of 2.453 billion [1] - Other notable performers include: - Zangge Mining (000408) at 70.01, up 2.96%, with a transaction value of 1.015 billion [1] - BQ New Materials (605376) at 55.11, up 2.15%, with a transaction value of 574 million [1] - Yongxing Materials (002756) at 46.51, up 1.57%, with a transaction value of 664 million [1] - Ganfeng Lithium (002460) at 63.33, up 1.33%, with a transaction value of 3.694 billion [1] Capital Flow Analysis - The energy metals sector saw a net inflow of 456 million from main funds, while retail investors experienced a net outflow of 688 million [2] - Speculative funds contributed a net inflow of 232 million [2]