碳酸锂狂飙破12万元，铂期货连拉三个涨停 广期所再出手强化风控

Core Viewpoint - The rapid increase in lithium carbonate futures prices has prompted exchanges to implement stricter risk control measures to prevent excessive speculation and ensure market stability [1][6]. Group 1: Market Dynamics - Lithium carbonate futures prices surged from approximately 90,000 yuan/ton to over 120,000 yuan/ton, marking a 29.35% increase in December alone [1][3]. - The trading volume for lithium carbonate futures remains high, with a total open interest of 647,400 contracts despite a daily reduction of 24,207 contracts [3]. - The recent price surge is attributed to a combination of fundamental factors and market sentiment, with expectations of increased production from key mining projects influencing price trends [4]. Group 2: Regulatory Measures - Starting December 26, 2025, the minimum order size for certain lithium carbonate futures contracts will increase from 1 lot to 5 lots, and daily opening limits for non-futures company members will be set at 400 lots for some contracts and 800 lots for others [2]. - The exchange will dynamically adjust trading limits based on market conditions to manage risks effectively [3]. - The introduction of these measures aims to curb excessive speculation and stabilize the market, ensuring that only participants with genuine risk management needs remain active [6][7]. Group 3: Broader Market Context - The platinum futures market has also experienced significant volatility, with prices hitting daily limits for three consecutive days, prompting the exchange to implement additional risk management measures [5][6]. - The overall demand for lithium and platinum is expected to remain strong, with projections indicating continued growth in the electric vehicle and energy storage sectors [5].