CATL(SZ:300750) Huan Qiu Wang·2025-08-17 03:55Group 1 - The price of lithium carbonate has surged significantly, with the average spot price for battery-grade lithium carbonate rising from 78,000 yuan/ton to 82,000 yuan/ton, marking a weekly increase of 11,800 yuan/ton, the largest weekly increase this year [1][3] - The prices of lithium iron phosphate have also increased, with the average price for power-type lithium iron phosphate rising from 33,250 yuan/ton to 35,350 yuan/ton, and the average price for energy storage-type lithium iron phosphate increasing from 30,900 yuan/ton to 32,900 yuan/ton, resulting in weekly increases of 2,100 yuan/ton and 2,000 yuan/ton respectively [1][3] - The surge in lithium carbonate prices is primarily driven by the suspension of mining operations in Jiangxi due to expired mining licenses, which is expected to reduce the monthly supply of lithium carbonate equivalent by 8,300 tons, accounting for 8.5% of the national total production [3] Group 2 - Despite the traditional off-season for the electric vehicle market, demand in the energy storage sector continues to grow, supporting the price increase of lithium iron phosphate [3] - The installed capacity of new energy storage is expected to grow by 160% year-on-year in the first half of 2025, leading to a surge in demand for high-density lithium iron phosphate materials, with some companies extending their order schedules into the first quarter of 2026 [3] - Analysts indicate that the tight supply of lithium carbonate is unlikely to ease in the short term, and with the peak demand season for energy storage approaching, prices for lithium carbonate and lithium iron phosphate are expected to remain high [3]