Core Viewpoint - The lithium price fundamentals are weakening, and investors should pay attention to the support level of 58,000 yuan per ton, with potential short-selling opportunities if this level is breached without recovery [1] Industry Summary - Lithium carbonate average cost as of June 20 is 70,168.52 yuan per ton, with a production profit of 9,868.52 yuan per ton, remaining below the breakeven point [1] - May lithium carbonate monthly production reached 70,690 tons, a year-on-year increase of 31.4%, with a month-on-month increase of only 50 tons [1] - As of June 20, the capacity utilization rate for lithium carbonate production is 62.8%, down 0.07% year-on-year but up 0.1% month-on-month [1] - The capacity utilization rate for ternary materials as of June 20 is 48.49%, down 0.71% month-on-month but up 0.66% year-on-year [1] - The capacity utilization rate for lithium iron phosphate in May is 58.78%, with a year-on-year increase of 10.75% and a month-on-month increase of 0.39% [1] - Weekly inventory as of June 19 is 134,901 physical tons, with smelter inventory at 58,625 tons (up 972 tons), downstream inventory at 40,366 tons (down 320 tons), and other inventory at 35,910 tons (up 700 tons) [1] Company Summary - Datong Mining announced plans to build a "3000 tons/year lithium battery new material project" in Linwu County, with a total investment of 1 billion yuan, divided into three phases [1] - Phase one is expected to complete R&D and pilot testing by 2025, phase two will start construction in April 2026 and be operational by the end of 2027, and phase three will begin construction in June 2027 and be operational by the end of 2028 [1]
大中矿业：拟10亿投新项目，锂价逼近5.8万支撑位