Core Viewpoint - The lithium industry is experiencing a price increase and optimistic market expectations, driven by demand from the electric vehicle sector and supply chain dynamics [1][8]. Group 1: Lithium Product Prices - In November 2025, domestic lithium carbonate prices rose significantly, with battery-grade lithium carbonate increasing from 81,000 CNY/ton to 92,000 CNY/ton, a rise of 13.58% [2] - Industrial-grade lithium carbonate also saw a price increase from 80,000 CNY/ton to 92,000 CNY/ton, up 15.00% [2] - The main contract price for lithium carbonate futures closed at 96,420 CNY/ton, marking a 17.19% increase from the beginning of the month [2] - The average daily trading volume of lithium carbonate futures reached 1.349 million contracts, up by 70,400 contracts from the previous month, indicating heightened market activity [6] Group 2: Lithium Product Supply - In November, lithium salt production slightly decreased, with lithium carbonate production at approximately 66,000 tons, down 0.2% month-on-month [9] - Lithium hydroxide production was around 34,000 tons, down 1.4% month-on-month [9] - The lithium salt production is concentrated in regions such as Jiangxi, Sichuan, and Qinghai, with respective carbonate production of 18,000 tons, 17,000 tons, and 12,000 tons [10] Group 3: Lithium Product Imports and Exports - In November, lithium concentrate imports increased by 11.9% to 729,473 tons, with Australia being the largest supplier [13] - Lithium carbonate imports decreased by 7.6% to 22,055 tons, with an average import price of 70,000 CNY/ton, up 10.8% [15] - Exports of lithium hydroxide rose by 16.7% to 3,357 tons, primarily to South Korea and Japan [16] Group 4: Lithium Product Demand - The demand for lithium products remains strong, with battery production in November reaching 176.3 GWh, a 3.3% increase month-on-month and a 49.2% increase year-on-year [21] - New energy vehicle production and sales reached 1.88 million and 1.823 million units respectively, both showing a year-on-year growth of around 20% [26] - The export of new energy vehicles surged to 300,000 units, a 17.3% increase month-on-month and a 2.6-fold increase year-on-year [30] Group 5: Industry Highlights - Dazhong Mining received a mining license for the Hunan Jijiao Mountain lithium mine, which has a resource amount of approximately 48.99 million tons, equivalent to about 3.2443 million tons of lithium carbonate [32] - Ganfeng Lithium's PPGS lithium salt lake project in Argentina has passed environmental assessments, with plans for significant production capacity in the coming years [33]
锂业分会：锂企业三季报业绩回升 市场对未来锂价预期乐观
智通财经网·2025-12-23 03:17