能源金属＆新材料周报：碳酸锂震荡运行，关注软磁材料配置机会

Investment Rating - The investment rating for the energy metals and new materials sector is "Positive" (maintained) [1] Core Views - The overall price trend for energy metals is fluctuating, with lithium carbonate prices decreasing by 0.48% to 73,300 CNY/ton, and hydroxide lithium prices down by 1.07% to 67,195 CNY/ton, indicating a weak market [1] - The supply of lithium carbonate has been steadily increasing since the beginning of the year, but production has seen fluctuations since June; demand has weakened as inventory levels are sufficient for production needs [1] - The cobalt market shows mixed signals, with overseas MB cobalt prices rising to 10.75 USD/pound, while domestic cobalt prices remain stable at 182,000 CNY/ton [1] - The rare earth permanent magnet market is experiencing a rebound, with prices for praseodymium and neodymium oxide increasing by 0.95% to 423,000 CNY/ton [1] Summary by Sections 1. Market Performance - The top three performing sectors this week are permanent magnets (10.31%), rare earths (9.63%), and lithium (6.97%); the bottom three are high-temperature alloys (2.37%), copper alloys (3.34%), and powders (4.40%) [7][8] 2. Energy Metals - Lithium prices: spodumene down 1.20% to 743 USD/ton, lithium mica down 4.63% to 1,390 CNY/ton, lithium carbonate down 0.48% to 73,300 CNY/ton, hydroxide lithium down 1.07% to 67,195 CNY/ton [10][11] - Cobalt prices: MB cobalt at 10.8 USD/pound, domestic cobalt at 182,000 CNY/ton, and sulfuric cobalt down to 27,600 CNY/ton [10][17] - Nickel and manganese: sulfuric manganese stable at 6,300 CNY/ton, sulfuric nickel down to 27,800 CNY/ton [19] 3. New Materials - In the power new materials sector, iron phosphate prices remain stable at 10,400 CNY/ton, while lithium iron phosphate is at 32,900 CNY/ton [26][27] - In the photovoltaic new materials sector, the average price of silver paste increased by 2.84% to 8,005 CNY/kg, while the average price of galvanized aluminum magnesium plates decreased by 2.15% to 5,000 CNY/ton [30][31]