能源金属＆新材料周报：碳酸锂价区间震荡，关注软磁材料配置机会

Investment Rating - The investment rating for the non-ferrous metals industry is "Positive" (maintained) [1] Core Views - Lithium carbonate prices are fluctuating, with a recent decrease of 1.14% to 78,200 CNY/ton, while lithium hydroxide prices increased by 0.56% to 68,280 CNY/ton. Supply has been stable, but demand is relatively low, leading to a long-term oversupply situation [2][28] - Cobalt prices remain stable overseas at 11.00 USD/pound, while domestic cobalt prices have decreased to 177,000 CNY/ton. The supply is adequate, but demand is low, maintaining a de-stocking state [1][2] - The rare earth permanent magnet market shows mixed trends, with praseodymium and neodymium oxide prices increasing by 0.85% to 413,500 CNY/ton, while dysprosium and terbium oxide prices have decreased [2][66] Summary by Sections 1. Market Performance - The top three performing segments this week are copper alloys (1.72%), powder materials (1.52%), and soft magnetic materials (1.30%). The bottom three are permanent magnets (-4.36%), rare earths (-2.36%), and lithium (-1.78%) [19][20] 2. Energy Metals - Lithium prices: - Spodumene: 815 USD/ton, up 1.12% - Lithium mica: 1,650 CNY/ton, up 0.92% - Lithium carbonate: 78,200 CNY/ton, down 1.14% - Lithium hydroxide: 68,280 CNY/ton, up 0.56% [26][28] - Cobalt prices: - MB cobalt: 11.00 USD/pound, stable - Metal cobalt: 177,000 CNY/ton, down 2.75% - Cobalt sulfate: 27,000 CNY/ton, down 0.74% [26][44] - Rare earth prices: - Light rare earth ore: 33,500 CNY/ton, up 0.90% - Medium and heavy rare earth ore: 176,500 CNY/ton, down 0.56% [66] 3. New Materials - In the power new materials sector: - Phosphate iron: 10,400 CNY/ton, stable - Lithium iron phosphate: 34,200 CNY/ton, stable - Precursor 622: 68,000 CNY/ton, down 1.4% [85][86] - In the photovoltaic new materials sector: - Average processing fee for welding tape (0.3mm): 4.15 CNY/kg, down 2.35% - Average price of 421 metal silicon powder: 13,250 CNY/ton, stable [91][92]