智通财经网·2025-11-30 23:53Group 1: Lithium Market Insights - December is traditionally a slow season for lithium consumption, but downstream demand has exceeded expectations, leading to a forecast of high lithium prices [1] - In November, the production of lithium carbonate and lithium hydroxide increased by 3% and 2% respectively, with limited growth expected in December [1] - Demand for lithium remains strong, with November orders for lithium iron phosphate and ternary materials increasing by 4.7% and decreasing by 0.2% respectively, while December orders are expected to remain robust [1] Group 2: Supply and Inventory Dynamics - The market experienced a shortage of over 10,000 tons in November, with a projected shortfall of over 5,000 tons in December, indicating continued expectations for inventory depletion [1] - Lithium carbonate inventory has fallen below 120,000 tons, with lithium salt plant inventories decreasing from nearly 60,000 tons to 24,000 tons since mid-year [1] - The high demand expected in the second quarter of next year will likely lead to a rebound in prices due to insufficient inventory levels [1] Group 3: Nickel Market Overview - The LME nickel price is currently at $14,820 per ton, reflecting a 1.4% increase from the previous week, while the SHFE nickel price rose by 2.7% to 117,080 yuan per ton [3] - Domestic nickel sulfate production is expected to reach 40,500 tons this week, with an increase in operating rates due to support from processing and some manufacturers resuming production [3] - Demand for nickel sulfate remains weak, with low purchasing intentions from downstream precursor companies, leading to a reliance on just-in-time orders [3] Group 4: Rare Earth and Magnetic Materials - Rare earth prices have shown fluctuations, with praseodymium-neodymium oxide averaging 556,500 yuan per ton, up 1.46% from last week, while dysprosium oxide decreased by 1.01% to 1,470,000 yuan per ton [5] - Supply constraints are evident as some separation enterprises face operational issues, leading to tighter availability of oxides [5] - Demand from magnetic material companies remains stable, with increasing orders from both domestic and overseas markets, providing solid support for the market [5]