碳酸锂价格冲高回落，稀土永磁板块震荡偏强

Investment Rating - The investment rating for the non-ferrous metals industry is "Positive" (maintained) [1] Core Views - Lithium carbonate prices have rebounded slightly, while rare earth permanent magnet sector shows strong fluctuations [1] - The report suggests focusing on companies such as Tianqi Lithium, Ganfeng Lithium, Zhongmin Resources, and Yongxing Materials in the lithium sector [2] - In the cobalt sector, the report highlights companies like Tengyuan Cobalt, Huayou Cobalt, and Hanrui Cobalt as potential investment opportunities [2] - The rare earth sector is expected to experience strong fluctuations due to supply disruptions and optimistic market sentiment, with recommendations to focus on companies like China Rare Earth, Northern Rare Earth, and Jinchuan Group [3] Summary by Sections 1. Market Performance - The top three performing sub-sectors this week are: Permanent Magnet 6.17%, Copper Alloy 4.50%, Lithium 3.69% [20] - The bottom three performing sub-sectors are: Cobalt -4.36%, Soft Magnet -3.44%, Aluminum Alloy -3.34% [20] 2. Energy Metals 2.1. Lithium - Lithium carbonate price increased by 0.51% to 79,100 CNY/ton, while lithium hydroxide rose by 1.05% to 67,900 CNY/ton [28] - The profit margin for lithium carbonate using spodumene as raw material increased by 7.85% to 4,864 CNY/ton [28] 2.2. Cobalt - Overseas MB cobalt price rose to 11.00 USD/pound, while domestic cobalt price remained stable at 182,000 CNY/ton [45] - The supply side shows sufficient production, but demand remains low, maintaining a surplus situation [2] 2.3. Nickel Manganese - Manganese sulfate price remained stable at 6,200 CNY/ton, while nickel sulfate price decreased to 26,800 CNY/ton [50] 2.4. Rare Earth Permanent Magnet - Praseodymium-neodymium oxide price decreased by 2.38% to 410,000 CNY/ton, while dysprosium oxide fell by 0.59% to 1,695,000 CNY/ton [55] - The profit margin for praseodymium-neodymium oxide decreased by 2.50% to 52,300 CNY/ton [55] 3. New Materials 3.1. Power New Materials - Phosphate iron price remained stable at 10,400 CNY/ton, while lithium iron phosphate price decreased to 34,200 CNY/ton [73] 3.2. Photovoltaic New Materials - The average price of welding tape (0.3mm) remained stable at 4.25 CNY/kg, while the average price of 421 metal silicon powder was 13,250 CNY/ton [81]