Investment Rating - The investment rating for the industry is "Positive (Maintain)" [1] Core Views - The rare earth permanent magnet sector shows strong performance, while lithium carbonate has rebounded significantly [1] - Lithium carbonate price increased by 2.10% to 75,400 CNY/ton, while lithium hydroxide price decreased by 0.07% to 66,895 CNY/ton, indicating a volatile market [2] - The supply of lithium carbonate has been steadily increasing since the beginning of the year, but production has fluctuated since June [2] - Demand from downstream production has improved, accelerating inventory reduction and contributing to the rebound in lithium carbonate prices [2] - The report suggests focusing on companies such as Tianqi Lithium, Ganfeng Lithium, and Zhongkuang Resources [2] Market Performance - The top three sectors in terms of weekly performance are: Permanent Magnets 10.23%, Powder 10.03%, Diamonds 8.18% [9] - The bottom three sectors are: Rare Earths 3.31%, Soft Magnets 4.51%, Lithium 5.25% [9] - The top five stocks by weekly performance include: Yingluohua 61.24%, Galaxy Magnetics 48.22%, Shenzhen New Star 22.54% [9] Energy Metals - Lithium prices: - Spodumene at 771 USD/ton, up 3.21% - Lithium Mica at 1,540 CNY/ton, up 8.83% - Lithium Carbonate at 75,400 CNY/ton, up 2.10% - Lithium Hydroxide at 66,895 CNY/ton, down 0.07% [12][13] - Cobalt prices: - MB Cobalt at 10.78 USD/pound, down 0.92% - Domestic Cobalt at 174,000 CNY/ton, unchanged [21] - Nickel and Manganese: - Manganese Sulfate price stable at 0.62 million CNY/ton, Nickel Sulfate down to 2.74 million CNY/ton [27] Rare Earth Permanent Magnets - Prices for rare earth oxides remain stable: - Praseodymium Neodymium Oxide at 423,500 CNY/ton - Dysprosium Oxide at 1,745,000 CNY/ton - Terbium Oxide at 5,975,000 CNY/ton [12][29] - The report maintains a positive outlook on the soft magnetic materials sector due to the dual prosperity of the electronics and power industries [3] New Materials - Phosphate Iron price stable at 1.04 million CNY/ton, Phosphate Lithium price increased to 3.35 million CNY/ton [34] - The average price of welding tape (0.3mm) remains at 4.25 CNY/kg, while the average price of 421 metal silicon powder is 13,250 CNY/ton [33][37]
能源金属&新材料周报:稀土永磁板块表现亮眼,碳酸锂强势反弹
Hua Yuan Zheng Quan·2024-11-10 07:11