每经AI快讯，有投资者在投资者互动平台提问：公司已取得900万吨开采许可，请问预计什么时候达到 满产？满产后公司碳酸锂生产规模为多大？ 永兴材料（002756.SZ）11月18日在投资者互动平台表示，公司矿山改扩建项目相关工作正在积极推进 中。目前，公司锂电新能源业务碳酸锂产能为3万吨/年。 （文章来源：每日经济新闻） ...

Core Viewpoint - Yongxing Materials (002756.SZ) is actively advancing its mining expansion project, with a current lithium carbonate production capacity of 30,000 tons per year [1]. Group 1 - The company is making significant progress on its mining expansion project [1]. - The current production capacity for lithium carbonate in the company's lithium battery new energy business is 30,000 tons per year [1].

Core Viewpoint - The energy metals sector experienced a significant decline of 3.71% on November 18, with Ganfeng Lithium leading the drop [1][2]. Market Performance - The Shanghai Composite Index closed at 3939.81, down 0.81% - The Shenzhen Component Index closed at 13080.49, down 0.92% [1]. Individual Stock Performance - Notable stock movements include: - Shengxin Lithium Energy (002240) rose by 4.12% to 37.41 - Ganfeng Lithium (002460) fell by 5.56% to 69.92 - Tianqi Lithium (002466) decreased by 3.63% to 59.94 - Other companies like Huayou Cobalt (603799) and Rongjie Co. (002192) also saw declines of 4.88% and 3.10% respectively [1][2]. Capital Flow Analysis - The energy metals sector saw a net outflow of 3.281 billion yuan from major funds, while retail investors contributed a net inflow of 1.999 billion yuan [2][3]. - Specific stock capital flows include: - Ganfeng Lithium had a net outflow of 922 million yuan from major funds - Tianqi Lithium experienced a net outflow of 745 million yuan from major funds [3].

Group 1 - The core point of the news is that Yongxing Materials experienced a decline of 5.05% in its stock price, reaching 53.44 CNY per share, with a trading volume of 1.302 billion CNY and a turnover rate of 6.02%, resulting in a total market capitalization of 28.81 billion CNY [1] - Yongxing Special Materials Technology Co., Ltd. is located in Huzhou, Zhejiang Province, established on July 19, 2000, and listed on May 15, 2015. The company specializes in the research, production, and sales of special metal materials, including stainless steel and special alloy materials [1] - The main business revenue composition of Yongxing Materials includes: bars 47.71%, wires 24.66%, lithium carbonate 20.10%, and others 7.53% [1] Group 2 - From the perspective of fund holdings, one fund under Anxin Fund has a significant position in Yongxing Materials. The Anxin New Energy Theme Stock Fund A (015707) increased its holdings by 4,400 shares in the second quarter, totaling 25,900 shares, which accounts for 5.19% of the fund's net value, making it the sixth-largest holding [2] - The Anxin New Energy Theme Stock Fund A (015707) was established on July 26, 2022, with a latest scale of 6.2787 million CNY. Year-to-date, it has a return of 9.6%, ranking 3rd out of 4 in its category; over the past year, it has a return of 19.29%, also ranking 3rd out of 4; since inception, it has a loss of 22.63% [2]

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 [1][2]. Group 1: Price Movements - On November 17, lithium carbonate futures opened higher and closed at 95,200 yuan/ton, marking a new high since July 2024 [1]. - The price of lithium carbonate has increased nearly 18% in November alone, with a more than 60% rise from the June low [2][3]. - The spot market for high-quality lithium carbonate was reported between 90,500 yuan/ton and 90,900 yuan/ton, reflecting a price adjustment of 3,600 yuan from the previous trading day [3]. Group 2: Demand Drivers - Demand for lithium carbonate is expected to grow by 30% to 1.9 million tons by 2026, with potential price increases if demand growth reaches 40% [1]. - The electric vehicle sector is experiencing rapid growth, with a 42.1% year-on-year increase in battery installation in October, totaling 84.1 GWh [3]. - The energy storage market is also thriving, with a 57.5% year-on-year increase in energy cell production, indicating a dual demand boost for lithium carbonate [4]. Group 3: Supply Dynamics - The supply side has shown improvement, with lithium carbonate production increasing by 385 tons to 23,850 tons last week [5]. - The market is experiencing a significant reduction in inventory, with expectations of over 12,000 tons of inventory reduction in November [6]. - The ongoing high operating rates in the supply chain, coupled with new production capacity from overseas salt lakes, may limit the upward price potential in the long term [6].

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 - Lithium carbonate futures have reached a new high of 95,200 yuan/ton, with predictions of prices potentially exceeding 150,000 yuan/ton or even 200,000 yuan/ton due to heightened market sentiment and demand [1][2] - The lithium carbonate price has increased nearly 30% since mid-October, driven by strong demand from the energy storage and electric vehicle sectors [2][3] - The supply-demand dynamics indicate a potential surplus of around 200,000 tons in 2025, but demand could grow significantly, leading to a more balanced market by 2026 [2][3] Price Trends - The price of lithium carbonate is expected to fluctuate between 70,000 yuan/ton and 100,000 yuan/ton in the medium to long term, with 70,000 yuan/ton being a cost support level and 100,000 yuan/ton reflecting the price level for Australian mines [6][7] - The current price surge is supported by tight supply conditions, with domestic production and operational rates still constrained [4][5] Demand and Supply Analysis - Global lithium carbonate demand is projected to reach 155,000 tons in 2025, with a potential increase to 190,000 tons by 2026, while supply capacity is expected to grow by approximately 25,000 tons [2][3] - The recovery of lithium production in regions like Jiangxi is slower than anticipated, contributing to supply tightness [3][4] - The global energy storage market is expected to be a significant demand driver, with a projected growth of around 63% in 2025 [7]

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 ...

| 交易日期 | 证券代码 | 证券简称 | 成交价格 | 成交量 | 成交金额 买方营业部 | 卖方营业部 | | --- | --- | --- | --- | --- | --- | --- | | | | | (元) | (万股/万份) | (万元) | | | 2025-11-17 | 002756 | 永兴材料 | 54.87 | 50.00 | 2,743.5(国信证券股份有限 | 广发证券股份有限 | | | | | | | 公司上海浦东分公 | 公司九江长虹大道 | | | | | | | D | 证券量业部 | | 2025-11-17 | 002756 | 永兴材料 | 54.87 | 30.00 | 1,646.1 国联民生证券股份 | 广发证券股份有限 | | | | | | | 有限公司院制盛岸 | 公司九江长虹大道 | | | | | | | 西路证券营业部 | 证券营业部 | 11月17日，永兴材料大宗交易成交80万股，成交额4389.6万元，占当日总成交额的1.91%，成交价54.87 元，较市场收盘价56.28元折价2.51%。 ...

Core Insights - The energy metals sector experienced a significant increase of 5.08% on November 17, with Shengxin Lithium Energy leading the gains [1] - The Shanghai Composite Index closed at 3972.03, down 0.46%, while the Shenzhen Component Index closed at 13202.0, down 0.11% [1] Company Performance - Shengxin Lithium Energy (002240) closed at 35.93, up 10.01% with a trading volume of 918,100 shares and a transaction value of 3.251 billion [1] - Rongjie Co., Ltd. (002192) also saw a rise of 10.01%, closing at 59.35 with a transaction value of 2.130 billion [1] - Tianqi Lithium (002466) increased by 9.87%, closing at 62.20 with a transaction value of 9.551 billion [1] - Yongxing Materials (002756) rose by 8.86%, closing at 56.28 with a transaction value of 2.258 billion [1] - Ganfeng Lithium (002460) increased by 7.48%, closing at 74.04 with a transaction value of 9.520 billion [1] Market Capital Flow - The energy metals sector saw a net inflow of 2.779 billion from main funds, while retail funds experienced a net outflow of 1.77 billion [2] - The main funds' net inflow for Ganfeng Lithium was 726 million, accounting for 7.62% of its trading volume [3] - Tianqi Lithium had a net inflow of 717 million from main funds, representing 7.51% of its trading volume [3] - Huayou Cobalt (603799) recorded a net inflow of 497 million from main funds, which is 5.69% of its trading volume [3]