Investment Rating - The industry investment rating is "Positive" (Maintain) for non-ferrous metals [1] Core Viewpoints - The report highlights a weak overall trend in energy metal prices, particularly lithium, cobalt, and nickel, with expectations of continued price fluctuations [2][10] - There is a sustained positive outlook for soft magnetic materials due to their benefits from the electronic and power sectors, driven by trends in renewable energy and AI computing [2][10] Summary by Sections 1. Industry Overview - The report mentions the opening of Europe's first lithium hydroxide refining plant by AMG Lithium, which aims to produce 20,000 tons annually [9] - International Lithium Corp. has reduced its stake in the Avalonia lithium project, increasing Ganfeng Lithium's share to 79% [9] 2. Energy Metals - Lithium prices: - Lithium carbonate decreased by 0.13% to 74,200 CNY/ton - Lithium hydroxide decreased by 0.86% to 69,275 CNY/ton - Lithium spodumene price fell by 0.40% to 747 USD/ton [13][16] - Cobalt prices: - Overseas MB cobalt price fell to 10.90 USD/pound - Domestic cobalt price decreased to 169,000 CNY/ton [23] - Nickel and manganese prices remained stable, with sulfuric manganese at 0.61 CNY/ton and sulfuric nickel at 2.81 CNY/ton [30] - Rare earth permanent magnets showed price increases, with praseodymium-neodymium oxide rising by 2.42% to 422,500 CNY/ton [33] 3. New Materials - In the power new materials sector, prices for lithium iron phosphate and lithium iron phosphate remained stable at 10,400 CNY/ton and 32,600 CNY/ton respectively [40] - In the photovoltaic new materials sector, the average price of soldering strips remained at 4.25 CNY/kg, while the average price of 421 metal silicon powder was 13,150 CNY/ton [46]
有色金属能源金属＆新材料周报：碳酸锂震荡格局，关注软磁材料配置机会
Hua Yuan Zheng Quan·2024-09-23 02:30