Group 1 - The core viewpoint of the report is that the lithium market fundamentals have significantly improved in recent months, with expectations of a tighter supply-demand balance from the second half of 2025 to the first half of 2026, driven by strong domestic demand and exports, particularly in energy storage systems [1] - Goldman Sachs downgraded Ganfeng Lithium (002460) from "Neutral" to "Sell," raising the target price for Hong Kong shares from 28 HKD to 32 HKD, while maintaining a "Sell" rating for Ganfeng Lithium A-shares (002460.SZ) and Tianqi Lithium (002466) [1] - The target price for Tianqi Lithium's Hong Kong shares was increased from 21.5 HKD to 24.5 HKD [1] Group 2 - The current spot prices for lithium are considered to have downside risks due to negative feedback from the downstream market, a slowdown in energy storage system installation growth, and slow supply-side responses [2] - Goldman Sachs updated its lithium price forecasts, predicting an average price of 11,000 USD per ton of lithium carbonate in the first half of 2026, unchanged from previous predictions, while the second half of 2026 is expected to average 9,500 USD per ton, a 14% downward adjustment [2] - The average price for 2027 is forecasted at 9,300 USD per ton, reflecting a 15% downward adjustment from previous estimates, leading to a 5% to 42% reduction in profit forecasts for lithium stocks for 2026 to 2027 [2]

Group 1 - Goldman Sachs reports significant improvement in lithium market fundamentals in recent months, expecting a tight supply-demand situation from the second half of 2025 to the first half of 2026, driven by strong domestic demand and exports, particularly from energy storage systems [1] - The firm downgraded Ganfeng Lithium (01772) from "Neutral" to "Sell," raising the target price for Hong Kong shares from HKD 28 to HKD 32, while maintaining "Sell" ratings for Ganfeng Lithium A-shares (002460.SZ) and Tianqi Lithium (09696, 002466.SZ), with Tianqi Lithium's target price increased from HKD 21.5 to HKD 24.5 [1] Group 2 - Current spot prices face downside risks due to negative feedback from downstream markets, slowing growth in energy storage system installations, and other factors affecting inventory replenishment, with a slow response from the supply side [2] - Goldman Sachs updated its lithium price forecasts, estimating an average price of USD 11,000 per ton of lithium carbonate in the first half of 2026, unchanged from previous predictions, while the second half of 2026 is expected to average USD 9,500, a 14% downward adjustment from previous forecasts, and USD 9,300 for 2027, down 15% [2] - The firm lowered its earnings forecasts for covered lithium stocks by 5% to 42% for 2026 to 2027 due to the adjustment in lithium price predictions, but raised target prices by 9% to 15% as the valuation year rolls to 2026, assuming a higher bottom valuation for the cycle [2] - It is estimated that most Chinese lithium stocks currently imply lithium carbonate prices in the range of USD 16,200 to USD 24,500 per ton for 2026 to 2027 [2]

Market Overview - The Hang Seng Index closed at 25,220, down 2.38% for the day and 5.09% for the week, but up 25.72% year-to-date[3] - The Hang Seng Technology Index fell 3.21% to 5,395, with a year-to-date increase of 20.76%[3] - The Hang Seng China Enterprises Index decreased by 2.45% to 8,920, with a year-to-date rise of 22.36%[3] - The Shanghai Composite Index dropped 2.45% to 3,835, with a year-to-date increase of 14.41%[3] Sector Performance - The lithium battery sector saw significant declines, with Ganfeng Lithium down over 12% and Tianqi Lithium down over 11%[9] - Semiconductor stocks also performed poorly, with Innolux down over 8% and SMIC and Hua Hong Semiconductor both down over 6%[9] - Xiaomi-related stocks rose against the trend, driven by the launch of Xiaomi's enhanced smart driving system[9] U.S. Market Insights - On November 21, U.S. markets saw all major indices rise, with the Dow Jones gaining approximately 1.1%[9] - The probability of a 25 basis point rate cut by the Federal Reserve in December increased from under 40% to over 70% following dovish comments from New York Fed President Williams[9] - Notable movements in large tech stocks included Google up 3.53% and Nvidia down 0.96%[9] Japanese Market Trends - The Nikkei 225 index fell 2.4%, with a cumulative decline of 3.5% over the past week[13] - Japanese semiconductor stocks faced significant drops, with Tokyo Electron down 7.14% and Advantest down 12.10%[13] - The Japanese government announced a $135 billion economic stimulus plan, adding pressure to the yen and government bonds[13]

碳酸锂价从10万元高位惊魂跳水，扬眉吐气一阵的锂矿股陷入持续大回调。 周一，能源金属板块下挫，锂矿股连续第三日走低。 截至发稿，A股融捷股份、大为股份、大中矿业、盛新锂能、江特电机等跌停，天齐锂业、赣锋锂业、西藏矿业、西藏珠峰等大超9%。 | 代码 | 名称 | 最新价 | 涨跌额 | 涨跌幅 ^ | 总市值 | | --- | --- | --- | --- | --- | --- | | 002192 | 融捷股份 | 53.06 | -5.90 | -10.01% | 137.77 Z | | 002213 | 大为股份 | 29.68 | -3.30 | -10.01% | 70.47亿 | | 001203 | 大中矿业 | 28.00 | -3.11 | -10.00% | 422.25 Z | | 002240 | 盛新理能 | 32.97 | -3.66 | -9.99% | 301.77 亿 | | 603032 | 德新科技 | 18.95 | -2.10 | -9.98% | 44.25亿 | | 002176 | 江特电机 | 9.93 | -1.10 | -9.97% | 169.4 ...

Group 1 - The lithium extraction sector in Salt Lake has experienced significant adjustments, with companies such as Tibet Summit, Shengxin Lithium Energy, and Jinyuan Co. hitting the daily limit down [1] - Other companies including Guocheng Mining, Ganfeng Lithium, Chuaneng Power, Tibet Mining, and Jiuwu High-Tech also saw declines in their stock prices [1]

每经AI快讯，港股锂矿股今早继续下挫，截至发稿，赣锋锂业(01772.HK)跌7.35%，报47.16港元；天齐 锂业(09696.HK)跌4.83%，报44.88港元。 ...

截至2025年11月24日 11:16，中证细分有色金属产业主题指数(000811)下跌1.95%。成分股方面涨跌互 现，华锡有色(600301)领涨6.95%，华钰矿业(601020)上涨5.16%，锡业股份(000960)上涨1.81%；国城矿 业(000688)领跌10.00%，盛新锂能(002240)下跌9.99%，天齐锂业(002466)下跌9.15%。有色 50ETF(159652)下跌1.94%，最新报价1.41元。拉长时间看，截至2025年11月21日，有色50ETF近3月累 计上涨22.97%。 流动性方面，有色50ETF盘中换手1.68%，成交4844.55万元。拉长时间看，截至11月21日，有色50ETF 近1周日均成交1.79亿元。 上周五美联储三号人物威廉姆斯表示美联储在近期仍有进一步降息的空间，这与此前多位美联储官员谨 慎态度形成鲜明对比，市场降息预期又有所回暖。市场反应积极，美股三大股指期货短线拉升，美债上 涨，现货黄金短线上扬近10美元。 中泰证券认为，展望未来，在多极化格局深化、去全球化进程加速的背景下，对安全资产的需求将持续 存在。美国债务高企、美股估值处于历史高位等因素， ...

来源：市场资讯 天眼查显示，近日，分宜赣锋锂电科技有限公司成立，法定代表人为田文进，注册资本10000万人民 币，由江西赣锋锂电科技股份有限公司全资持股。 序号股东名称持股比例1江西赣锋锂电科技股份有限公司100% 经营范围含电池制造，电容器及其配套设备制造，专用仪器制造，电池销售，电容器及其配套设备销 售，新材料技术研发，新材料技术推广服务，工程和技术研究和试验发展，技术服务、技术开发、技术 咨询、技术交流、技术转让、技术推广，工业设计服务，货物进出口（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） 企业名称分宜赣锋锂电科技有限公司法定代表人田文进注册资本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新余市分宜县工业园区数字智造产业园8-11号 楼及17号楼一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2025-11-23至无固 定期限登记机关分宜县市场监督管理局 ...

受盘面影响，跟踪中证新能源汽车指数的ETF跌约2%。 新能源车概念股早盘走低，赣锋锂业跌超7%，天赐材料跌超4%，三花智控、华友钴业跌超3%。 （文章来源：每日经济新闻） | 代码 | 名称 | 现价 | | 涨跌 涨跌幅 ▲ | | --- | --- | --- | --- | --- | | 159637 | 新能源车龙头ETF | 0.856 | -0.019 | -2.17% | | 516660 | 新能源车ETF基金 | 1.061 | -0.022 | -2.03% | | 159824 | 新能车ETF | 1.154 | -0.023 | -1.95% | | 515030 | 新能源车ETF | 1.730 | -0.033 | -1.87% | | 159806 | 新能源车ETF | 0.753 | -0.014 | -1.83% | 中证新能源汽车指数选取涉及锂电池、充电桩、新能源整车等业务的上市公司证券作为指数样本，以反映新能源汽车 相关上市公司证券的整体表现。 有券商表示，在海内外动力和储能需求持续攀升的带动下，电力设备与电池产业链排产及出货量有望不断提升，锂电 材料价格有望企 ...

南方财经11月24日电，天眼查工商信息显示，近日，分宜赣锋锂电科技有限公司成立，法定代表人为田文进，注册资本1亿人民币，经营范围含电池制造、 电容器及其配套设备制造、专用仪器制造、电池销售、电容器及其配套设备销售、新材料技术研发、新材料技术推广服务、工程和技术研究和试验发展等。 股权全景穿透图显示，该公司由赣锋锂业（002460）旗下江西赣锋锂电科技股份有限公司全资持股。 | 都在用的 商业 查 询 工 具 | 童公司 | 童老板 童关系 查风险 | | | | --- | --- | --- | --- | --- | | 国家中小企业发展子基金旗下机构 | | 分宜赣锋锂电科技有限公司 | × 天眼一下 | 应用 ▼ | | 基本信息 6 | 法律诉讼 | 经营风险 | 经营信息 公司发展 | | | 工商信息 ● | | | | | | 历史工商信息0 工商信息 | | | | | | 企业名称 | 分宜赣锋锂电科技有限公司 | | | | | 法定代表人 | 田文讲 凉关联企业 3 | 登记状态 ② | 存袋 | 케 | | | | 成立日期 | 2025-11-23 | | | 统一社会信用代码 2 ...