机构：供给端扰动持续发酵 锂价持续突破

Group 1 - The Anhui Province's non-ferrous metal industry optimization and upgrading plan (2025-2027) focuses on a "1+2+N" industrial layout, emphasizing the enhancement of copper, expansion of aluminum and magnesium, and improvement of molybdenum, lead, and zinc [1] - The plan aims to strengthen the supply chain, attract investments, and accelerate digital empowerment and structural optimization, promoting the industry's development towards high-end, intelligent, and green [1] - According to Minsheng Securities, copper prices have seen a short-term decline due to US tariffs affecting trade flows, but downstream demand is starting to support prices [1] Group 2 - In the aluminum sector, domestic electrolytic aluminum production capacity remains high, with downstream aluminum profile companies primarily engaging in essential procurement, maintaining stable operating rates [1] - Lithium prices are expected to continue rising due to improved production expectations in the new energy industry chain as of July, which has boosted market sentiment [1] - Cobalt raw material imports were significantly lower than expected in June, reflecting the impact of the Democratic Republic of Congo's export ban, leading to a bullish sentiment in cobalt intermediate products [1] - Nickel prices are anticipated to slightly rebound as some downstream nickel salt manufacturers have a demand for restocking, with strong price support due to low inventory levels and high raw material costs [1][2]