Xin Lang Cai Jing·2025-09-19 06:07Group 1: Lithium Carbonate Market - The average price of battery-grade lithium carbonate remains stable at 73,250 yuan/ton as of today [1] - After hitting a low of 60,000 yuan/ton in the first half of 2025, the price rebounded to a peak of 86,000 yuan/ton in August and stabilized at 72,500 yuan/ton in early September [1] - Haitong International believes that with the advancement of "anti-involution" policies and the continuous expansion of demand for new energy vehicles and energy storage, the lithium carbonate price has passed its low point, and industry profitability is expected to gradually recover [1] Group 2: Ganfeng Lithium Industry Developments - Ganfeng Lithium announced on September 18 that its energy storage cells have achieved large-scale production and established long-term stable supply partnerships with several leading companies [1] - The company’s energy storage cell production capacity is currently fully utilized, ensuring stable delivery to customers amid surging energy storage demand [1] - Ganfeng Lithium is also actively developing solid-state batteries for power batteries, which are being trialed in certain vehicle models and applied in well-known drone and eVTOL companies [1] Group 3: Industry Outlook and ETF Performance - According to Industrial Securities, the demand for new energy vehicles and energy storage is expected to grow steadily by 2025, although the industry still faces an oversupply situation due to previous rapid capacity expansion [2] - The lithium battery sector is experiencing a dual benefit of price stabilization and slowed capacity expansion, leading to a gradual recovery in market sentiment [2] - As of September 19, 2025, the rare metals ETF has seen a strong increase of 2.11%, with significant gains in component stocks such as Ganfeng Lithium and Tianqi Lithium [2] Group 4: ETF Fund Flows and Growth - As of September 18, 2025, the rare metals ETF has seen a significant growth of 76.18 million yuan in scale over the past two weeks [3] - The ETF's shares increased by 38.40 million over the past week, with a net inflow of 5.46 million yuan recently [3] - Over the last five trading days, the ETF has attracted a total of 25.09 million yuan in capital [3]