钴镍锂新变化！20260105 摘要 美国对委内瑞拉的行动和伊朗骚乱等地缘政治事件短期利好有色金属， 但长期影响不确定；俄乌冲突升级加剧市场波动，假期期间白银、镍、 铝等有色金属表现强劲。 南美矿产资源面临资源集中、政策风险和环保审批挑战，紫金矿业和五 矿资源在南美有大量铜矿资源，中国企业需分散布局以降低政治军事风 险。 彭博商品指数调整预计短期内对白银影响大于黄金，但年度调整通常仅 引起短期震荡，不改变贵金属牛市大趋势。 2026 年商品投资主线包括：美元走弱和降息环境下，关注供给缺乏弹 性且需求端有 AI 叙事的金属品种（铜、铝、锡）；能源金属板块，特别 是碳酸锂，有望迎来反转；以及受益于国内反内卷政策的产品做多机会。 权益类资产排序：能源金属（镍、钴）首位，黄金次之，高胜率品种 （铜、铝）第三，战略小金属和新材料最后。能源金属板块正在走出底 部，黄金股票空间更大且估值合适。 Q&A 2026 年能源金属市场的主要看点有哪些？ 2026 年能源金属市场的主要看点包括以下几个方面：首先，钴已经走出了右 侧行情，显示出强劲的增长势头。其次，锂在储能需求超预期的推动下，有望 迎来年度层级的拐点。此外，由于印尼政 ...

（文章来源：证券日报） 证券日报网讯 1月5日，盛新锂能在互动平台回答投资者提问时表示，公司锂产品参考市场行情进行定 价。公司也在密切关注行业发展情况以及各类市场信息。 ...

以下文章来源于因歪斯汀小明 ，作者因特瑞斯汀 小明 因歪斯汀小明 . 保护我方金融消费者！ ↑点击上面图片 加雪球核心交流群 ↑ 风险提示：本文所提到的观点仅代表个人的意见，所涉及标的不作推荐，据此买卖，风险自负。 澳洲矿区 此前锂下行周期澳矿都在拼命降本增效 ， 包括开采高品位区域 、 改造设备提高回收率 、 缩减资本开支等方式 。 除三家关停矿山外 ， 财务压 力山大的MRL被迫出售了其30%的锂业务给韩国浦项制铁 。 澳矿在2026年新增产能为Greenbushes早在2018年规划的三期项目 （ 6.5万吨 ） ， 市场更关注的边际变化可能是 —— 关停矿山在锂上行周 期复产 。 但 ， 锂矿价格预期稳定在复产决策线上方只是必要条件之一 ， 实际可复产量＜关停量 。 澳矿复产必选题是Pilbara的高成本Ngungaju项目 （ 1.7万吨 ） ， 若作出决策 ， PLS能够给出澳洲最快的复产准备时间 ， 约为4个月 。 关停 三家各有各的问题 ： Bald Hill此前经历过非常痛苦的23年复产24年再停产过程 ， 复产决策取决于MRL的运营压力 ； Finniss重启需要进行融 资 ， 这延长了复 ...

工商信息 历史工商信息0 查老板 查关系 查风险 × 天眼一下 | | | 工商信息 ● | 企业名称 | 珠海盛泽鑫辰科技有限公司 | | --- | --- | | 法定代表人 | 登记状态 2 存续 H 王琪 怒关联企业 18 | | | 成立日期 2025-12-31 | | 统一社会信用代码 ⑦ | 91440003MAK5G5G513 注册资本 2 5000万人民币 | | 工商注册号 | 440003000851561 纳税人识别号 ② 91440003MAK5G5G513 | | 营业期限 | 2025-12-31 至 无固定期限 纳税人资质 l | | 企业类型 | 有限责任公司（非自然人投资或控股的 行业 科技推广和应用服务业 法人独资) | | 参保人数 | 英文名称 Zhuhai Shengze Xinchen Techn | | 登记机关 | 横琴粤澳深度合作区商事服务局 注册地址 ② 珠海市横琴新区环岛东路3000号 | | | 一般项目：供应链管理服务；企业总部管理；化工产品销售（不含许可类化工产品）；金属矿石销售 技术咨询、技术交流、技术转让、技术推广;货物进出口;进出口代理; ...

天眼查App显示，近日，珠海盛泽鑫辰科技有限公司成立，法定代表人为王琪，注册资本5000万人民 币，经营范围含供应链管理服务、企业总部管理、化工产品销售、金属矿石销售、有色金属合金销售、 企业管理咨询等。股东信息显示，该公司由盛新锂能（002240）全资持股。 ...

每经AI快讯，1月5日，盐湖提锂板块震荡走高，藏格矿业盘中创新高，盐湖股份涨停，倍杰特、亿纬 锂能、川恒股份、富临精工、盛新锂能跟涨。 （文章来源：每日经济新闻） ...

Investment Rating - The report maintains an "Accumulate" rating for the electric power equipment industry [1] Core Views - The lithium battery prices are rapidly linked, and there is significant long-term potential in space photovoltaic technology [1] - The energy storage sector is expected to see substantial growth, with a projected increase of over 60% in 2026 due to rising demand and supply constraints [3][7] - The electric vehicle market is anticipated to grow by 15% in 2026, supported by continued subsidies and a strong export contribution [26] Industry Trends - The electric power equipment sector experienced a decline of 2.18%, underperforming the market, with specific segments like wind power and new energy vehicles showing slight increases [3] - The report highlights the release of independent energy storage capacity compensation in Hubei Province at 165 RMB/kW·year, indicating government support for energy storage development [3] - The report notes that the global energy storage market is expected to grow significantly, with the U.S. projected to see a 60% increase in energy storage installations in 2025 [7] Market Prices and Changes - Lithium carbonate prices are reported at 112,500 RMB/ton, showing a slight decrease of 0.9% [3] - The average price of polysilicon is reported at 53.00 RMB/kg, with no change, while N-type silicon wafers have seen a price increase of 20% [3] - The report indicates that the average bidding price for onshore wind power is 1,800 RMB/kW, reflecting a competitive market environment [3] Company Performance - Companies like Ningde Times and BYD are highlighted for their strong performance, with Ningde Times expected to see a net profit of 11-16 billion RMB in 2025, representing a year-on-year increase of 127%-230% [3] - Tianqi Lithium and Ganfeng Lithium are noted for their strategic partnerships and production capacity expansions, positioning them well in the lithium supply chain [3] - The report emphasizes the strong growth potential for companies involved in energy storage and lithium battery production, recommending investments in leading firms such as Ningde Times and Yiwei Lithium Energy [3][6]

Core Viewpoint - The lithium resource market is experiencing a resurgence, prompting Shengxin Lithium Energy to accelerate its acquisition of lithium mining resources, specifically through the purchase of a 30% stake in Sichuan Qicheng Mining Co., Ltd. for 2.08 billion yuan, aiming for full ownership [1][5]. Group 1: Acquisition Details - Shengxin Lithium Energy previously acquired a 21% stake in Qicheng Mining for 1.456 billion yuan just three months prior, indicating a strategic focus on enhancing control over the company [2][5]. - The total expenditure for acquiring Qicheng Mining has exceeded 3.536 billion yuan, with both transactions reflecting a high premium on the company's valuation of approximately 6.933 billion yuan [5][8]. - The mining rights for the Muzhong Lithium Mine, owned by Qicheng Mining's subsidiary, are a significant asset, as it is one of the highest-grade lithium mines in Sichuan with an average grade of 1.62% [8]. Group 2: Financial Performance and Contracts - Despite facing temporary operational pressure due to fluctuations in lithium salt prices, Shengxin Lithium Energy reported a profit in the third quarter of 2025, with a net profit of 0.89 billion yuan [3][14]. - The company has secured long-term supply contracts totaling 421,400 tons of lithium salt, with an estimated contract value exceeding 40 billion yuan, indicating strong demand for its products [3][11][12]. - The stock price of Shengxin Lithium Energy has doubled over the past six months, closing at 34.43 yuan per share, reflecting a market capitalization exceeding 30 billion yuan [4][15].

Report Industry Investment Rating - The rating for lithium carbonate is "Oscillation" [1] Core Viewpoints - In January, there is a pressure of inventory accumulation, and attention should be paid to the short - term callback risk. The lithium salt prices showed a strong trend last week (12/22 - 12/26), with significant price increases in futures and spot prices. However, the week of (12/29 - 12/31) saw a high - level callback in lithium salt futures prices, while the spot prices continued to rise. The SMM weekly inventory reduction amplitude continued to slow down, with upstream and downstream continuing to reduce inventory and the trading link accumulating inventory. In January, both supply and demand are expected to weaken marginally. Downstream cathode material factories have announced production cuts, which may lead to inventory accumulation and short - term price corrections. For trading strategies, early long positions can be gradually closed for profit, and in the medium term, the idea of buying on dips can still be adopted [2][11][12] Summary by Directory 1. January Faces Inventory Accumulation Pressure, Pay Attention to Short - Term Callback Risk - **Price Changes**: In the week of 12/22 - 12/26, LC2601 and LC2605 futures prices increased by 16.5% and 17.2% respectively. SMM battery - grade and industrial - grade lithium carbonate spot prices increased by 14.6% and 14.9% respectively. In the week of 12/29 - 12/31, LC2601 and LC2605 futures prices decreased by 6.1% and 6.8% respectively, while SMM battery - grade and industrial - grade lithium carbonate spot prices increased by 5.9% and 5.7% respectively. The prices of lithium hydroxide also showed corresponding changes [2][11] - **Fundamentals**: The SMM weekly inventory reduction amplitude continued to slow down, with a reduction of 168 tons. The supply side increased by 259 tons in weekly production. In January 2026, lithium salt production is expected to decrease by 1230 tons to 97,970 tons. Downstream cathode material factories plan to cut production, with ternary cathode production expected to decline by 4.43% and lithium - iron cathode production by 10.03% in January, which may lead to inventory accumulation [3][12] 2. Weekly Industry News Review - **Sichuan Gongchuang Lithium - New Energy Project**: The 10.5 - billion - yuan lithium - battery project of Sichuan Gongchuang Lithium - New Energy Technology Co., Ltd. was approved, with a planned annual production of 140,000 tons of battery - grade lithium carbonate [13] - **Shengxin Lithium Energy's Acquisition**: Shengxin Lithium Energy plans to acquire a 30% stake in Qicheng Mining for 2.08 billion yuan, aiming to increase its control over Huirong Mining, which owns the Murong lithium mine with 989,600 tons of Li2O resources [13] - **Zijin Mining's Production Plan**: Zijin Mining expects its net profit in 2025 to be between 51 billion and 52 billion yuan, with a lithium carbonate equivalent output of about 25,000 tons. In 2026, it plans to produce 120,000 tons of lithium carbonate equivalent [14] 3. Key High - Frequency Data Monitoring of the Industrial Chain 3.1 Resource End: Lithium Concentrate Prices Rise with the Market - Lithium concentrate prices increased, with the lithium spodumene concentrate spot average price (6%, CIF China) rising from $1,490/ton to $1,548/ton, a 3.9% increase [12] 3.2 Lithium Salt: Slight Increase in Production, Marginal Slowdown in Inventory Reduction Slope - **Production**: SMM weekly production increased by 259 tons, with contributions from different sources such as salt lakes, spodumene, mica, and recycling [3][12] - **Inventory**: The SMM weekly inventory reduction amplitude slowed down, with upstream and downstream reducing inventory and the trading link accumulating inventory [3][12] 3.3 Downstream Intermediates: Lithium Iron Phosphate Prices Expected to Continue Rising - The spot average prices of lithium iron phosphate (power - type and energy - storage type) increased, and it is expected that the prices will continue to rise [12] 3.4 Terminal: High - Growth in Power Battery Installations - China's power battery installations maintained a high - growth trend, and the new energy vehicle production and sales also showed positive year - on - year growth [54][56]

（记者 曾健辉） 每经AI快讯，盛新锂能1月4日晚间发布公告称，截至本公告日，公司及控股子公司实际发生的对外担 保余额（不含本次担保）为人民币约44.23亿元，占2024年12月31日经审计归属于母公司净资产的 36.78%。 每经头条（nbdtoutiao）——AI泡沫破灭？美股下跌20%？量子计算颠覆加密货币？金价涨破1万美元？ 2026年华尔街和科技圈十大预测来了 ...