香港联交所最新资料显示，2月6日，摩根大通增持天齐锂业（002466）(09696)86.9606万股，每股作价 42.423港元，总金额约为3689.13万港元。增持后最新持股数目约为1153.78万股，最新持股比例为 7.02%。 ...

经济观察网天齐锂业（002466）预计2025年归母净利润为3.69亿至5.53亿元，同比扭亏为盈。公司近期 同步推进H股配售融资及参股公司股权处置计划，以优化资产流动性。 2026年2月4日，公司宣布拟择机处置所持中创新航和SQM的部分股权，以提升资产流动性，该举措与 融资计划同步进行。此外，公司持续布局锂电新技术(如全固态电池材料)，并参与行业会议。 以上内容基于公开资料整理，不构成投资建议。 定增股票 2026年2月3日，公司公告拟按每股45.05港元配售H股，并发行26亿元零息可转债，合计募资净额约 58.29亿港元。资金将用于锂资源并购、项目开发及营运资金补充。 公司状况 业绩经营情况 公司于2026年1月30日披露业绩预告，预计2025年归母净利润为3.69亿至5.53亿元，同比扭亏为盈。正式 年报计划在近期发布，业绩改善主要得益于锂矿定价周期优化、SQM投资收益增长等因素。 近期事件 智利最高法院于2026年1月27日作出终审判决，驳回天齐锂业上诉，SQM与智利国家铜业公司的合作将 从2031年起变更控制权。这可能长期影响天齐锂业作为SQM第二大股东的投资收益和资产减值风险。 ...

Group 1 - The core viewpoint of the article highlights the performance of the Huatai-PineBridge ETF (159652) in the non-ferrous metals sector, showing a stable opening price and mixed performance among its major holdings [1] - The ETF opened at 1.954 yuan with a 0.00% change, indicating stability in the market [1] - Major holdings in the ETF include Zijin Mining, which rose by 0.23%, and Huayou Cobalt, which increased by 2.25%, while other stocks like China Aluminum and Ganfeng Lithium experienced slight declines [1] Group 2 - The performance benchmark for the Huatai-PineBridge ETF is the CSI Sub-Industry Non-Ferrous Metals Theme Index return rate [1] - Since its establishment on January 16, 2023, the ETF has achieved a return of 95.20%, with a monthly return of 7.27% [1] - The fund is managed by Huatai-PineBridge Fund Management Co., Ltd., with managers Dong Jin and Sun Hao overseeing its operations [1]

Group 1 - The mining ETF (561330) opened at 2.280 yuan, experiencing a slight decline of 0.09% [1] - Major holdings in the mining ETF include Zijin Mining (+0.23%), Luoyang Molybdenum (-0.04%), Northern Rare Earth (+0.00%), Huayou Cobalt (+2.25%), China Aluminum (-0.45%), Ganfeng Lithium (+0.05%), Shandong Gold (-0.74%), Yun Aluminum (-0.19%), Zhongjin Gold (-0.72%), and Tianqi Lithium (-0.14%) [1] - The performance benchmark for the mining ETF is the CSI Nonferrous Metals Mining Theme Index return, managed by Guotai Fund Management Co., Ltd., with a return of 127.98% since its establishment on October 19, 2022, and a 9.00% return over the past month [1]

香港联交所最新资料显示，2月11日，天齐锂业（002466）(09696)股东将股票存入花旗银行，存仓市值 27.65亿港元，占比39.64%。 天齐锂发布公告，经修订及重列配售协议所载全部条件均已达成，且配售已于2026年2月11日完成。配 售代理已根据经修订及重列配售协议的条款及条件按每股配售股份45.05港元的配售价向不少于6名承配 人成功配售合共6505万股配售股份。估计配售每股配售股份的净价将约为44.95港元。 此外，经修订及重列认购协议所载全部先决条件均已达成，且本金总额为人民币26亿元的债券已于2026 年2月11日完成发行。债券可在条款及条件所载的情况下转换为H股，初始转换价为每股H股51.85港元 (可予调整)，假设债券全部按每股H股51.85港元的初始转换价进行转换，债券将转换成约5648.19万股H 股。 ...

天齐锂发布公告，经修订及重列配售协议所载全部条件均已达成，且配售已于2026年2月11日完成。配 售代理已根据经修订及重列配售协议的条款及条件按每股配售股份45.05港元的配售价向不少于6名承配 人成功配售合共6505万股配售股份。估计配售每股配售股份的净价将约为44.95港元。 此外，经修订及重列认购协议所载全部先决条件均已达成，且本金总额为人民币26亿元的债券已于2026 年2月11日完成发行。债券可在条款及条件所载的情况下转换为H股，初始转换价为每股H股51.85港元 (可予调整)，假设债券全部按每股H股51.85港元的初始转换价进行转换，债券将转换成约5648.19万股H 股。 智通财经APP获悉，香港联交所最新资料显示，2月11日，天齐锂业(09696)股东将股票存入花旗银行， 存仓市值27.65亿港元，占比39.64%。 ...

Core Insights - The launch of lithium carbonate futures has restructured the pricing logic in the lithium battery industry and integrated risk management tools into various segments of the industry chain, becoming essential for enterprises to manage price fluctuations and stabilize operations [1][3][4]. Industry Development - The lithium carbonate industry has developed a complete and mature supply chain, and the introduction of futures has injected new vitality into this sector, providing a new price discovery mechanism and risk management system [3][4]. - The futures market has transformed the pricing model in the lithium industry, requiring companies to respond more quickly to market price fluctuations, thereby enhancing market sensitivity and professional judgment [4][14]. Risk Management - Futures tools allow industry enterprises to shift from passively enduring price fluctuations to actively managing price risks, marking significant progress in the lithium battery sector [4][6]. - The core logic of hedging is to transfer risks through the futures market, safeguarding spot operations [3][9]. Market Participation - The market participants have diversified since the launch of lithium carbonate futures, with financial institutions, futures companies, and funds entering the market, enhancing liquidity and trading activity [4][12]. - The introduction of futures has fundamentally changed the operational rhythm and response strategies of enterprises, necessitating timely adjustments to pricing strategies [4][12]. Practical Application - Companies like Tianqi Lithium have actively explored the application of lithium carbonate futures, integrating hedging into daily operations to achieve stable development [8][9]. - A professional market analysis team within the company focuses on supply and demand relationships to ensure that futures operations align with industry realities [9][10]. Future Outlook - The integration of futures tools into the lithium industry is expected to deepen, with the potential for more diverse and professional risk management tools as the futures market evolves [14]. - The company aims to continue optimizing its hedging operations and serve as a model for other industry enterprises to leverage futures tools effectively [14].

香港联交所最新资料显示，2月6日，Morgan Stanley增持天齐锂业（09696）64.696万股，每股作价 42.9015港元，总金额约为2775.56万港元。增持后最新持股数目约为872.92万股，最新持股比例为 5.31%。 香港联交所最新资料显示，2月6日，Morgan Stanley增持天齐锂业（09696）64.696万股，每股作价 42.9015港元，总金额约为2775.56万港元。增持后最新持股数目约为872.92万股，最新持股比例为 5.31%。 责任编辑：卢昱君 客户端 热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 责任编辑：卢昱君 热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 ...

Core Viewpoint - The launch of lithium carbonate futures has restructured the pricing logic in the lithium battery industry and integrated risk management tools into various segments of the industry chain, becoming essential for enterprises to manage price fluctuations and stabilize operations [1][2]. Industry Development - The lithium carbonate industry has developed a mature supply chain, and the introduction of futures has injected new vitality into this sector, providing a new price discovery mechanism and risk management system [2]. - The listing of lithium carbonate futures has fundamentally changed the pricing model in the industry, requiring companies to respond more quickly to market price fluctuations [5]. Pricing Mechanism - The futures prices provide a fair and transparent price reference for the industry, moving away from reliance on quoted prices or fixed pricing models [3]. - Futures tools allow enterprises to shift from passive acceptance of price fluctuations to proactive management of price risks, marking significant progress in the lithium battery industry [3]. Market Participation - Prior to the futures listing, market participants were mainly industry enterprises and a few traders, but the market has since diversified with the entry of financial institutions and futures companies, enhancing liquidity and trading activity [4]. - The diversification of market participants has transformed the lithium market into a composite market that integrates industry and finance, reflecting real market supply and demand [4]. Operational Changes - The listing of lithium carbonate futures has led to significant changes in corporate operational strategies, compelling companies to enhance their market sensitivity and analytical capabilities [5]. - Futures tools provide customized services tailored to specific enterprise needs, allowing for more flexible risk management options [5]. Practical Application - Companies like Tianqi Lithium have actively explored the application of lithium carbonate futures, integrating hedging into daily operations to achieve stable development [6]. - A focus on fundamental analysis and a calm operational approach are key to successful futures trading, ensuring that operations align with market realities [6][7]. Risk Management - Companies must establish a robust risk management system, ensuring that trading scales match their financial reserves to effectively utilize futures tools [8]. - The essence of hedging is to stabilize operations rather than pursue speculative gains, emphasizing the importance of aligning futures trading with actual market needs [7]. Collaborative Efforts - The successful application of lithium carbonate futures in the industry relies on the collaborative efforts of exchanges, futures companies, and industry enterprises [9][10]. - Continuous professional development and training for industry participants are crucial for maximizing the value of futures tools [10][11]. Future Outlook - The futures market is expected to provide more diverse and professional risk management tools as the system of futures products continues to evolve [12]. - Tianqi Lithium aims to deepen the integration of futures and spot markets, enhancing its hedging operations and leading other enterprises in utilizing futures tools for high-quality development in the new energy sector [12].

Group 1 - Morgan Stanley increased its stake in Tianqi Lithium (09696.HK) by purchasing 647,000 shares at an average price of HKD 42.9015 per share, amounting to approximately HKD 27.76 million [1] - Following the purchase, Morgan Stanley's total holdings in Tianqi Lithium rose to 8.729 million shares, increasing its ownership percentage from 4.92% to 5.31% [1][2]