创纪录新高！白银大涨超5%，伦铜破“顶”！碳酸锂供应扰动效应减弱

Group 1: Market Overview - The US stock market indices rose for the fifth consecutive trading day, with the Nasdaq up 0.65%, the Dow Jones up 0.61%, and the S&P 500 up 0.54%. The S&P 500 achieved its largest weekly gain in five months, marking seven consecutive months of increases [1] - Metal prices surged, with spot silver reaching a record high, climbing 5.7% to $56.46 per ounce, and LME copper rising 2.5% to around $11,210 per ton [1] Group 2: Oil Market - International oil prices fell for the fourth consecutive month in November, with WTI crude oil down 0.2% to $58.55 per barrel and Brent crude down 0.8% to $62.38 per barrel [4] - Traders are closely monitoring the upcoming OPEC+ meeting and assessing the impact of geopolitical situations on market supply [4] Group 3: Lithium Carbonate Market - The core contradiction in the lithium carbonate market remains under discussion, with expectations for the resumption of the Jiangxia lithium mine already priced in, leading to a low opening and subsequent rise in futures prices [6][7] - Current long-term demand growth for lithium carbonate is considered stable, despite seasonal production cuts from salt lake lithium extraction [7] - Weekly inventory data shows a decrease in lithium carbonate inventory, with a reduction of 2,452 tons, indicating a slowing down of the inventory drawdown trend [8] Group 4: Future Outlook - The market is entering a demand verification phase, with analysts emphasizing the importance of monitoring demand expectations and the timing of the Jiangxia lithium mine's resumption [10] - There is a consensus on optimistic long-term expectations for lithium carbonate, but near-term contracts face uncertainty due to the interplay of strong current demand and weak future expectations [9]