金属新材料高频数据周报：锑价格再创5年以来新高，钴类品种价格全面上涨-2025-03-31

Investment Rating - The report maintains a rating of "Increase" for the non-ferrous metals sector [5] Core Insights - The report highlights a significant increase in the price of electrolytic cobalt, which reached 252,000 CNY/ton, up by 9.1% week-on-week. This price increase reflects a positive trend in the military materials sector, particularly in high-temperature alloys [10][11] - In contrast, lithium concentrate prices have decreased, with Li2O 5% lithium concentrate arriving at a price of 760 USD/ton, down by 5.0% week-on-week. This decline indicates a potential weakening in the lithium battery market compared to industrial applications [23][26] - The report suggests a continued positive outlook for the metal new materials sector, particularly for rare earth elements and lithium mining companies with cost advantages and expansion potential [4] Summary by Sections Military New Materials - Electrolytic cobalt prices increased to 252,000 CNY/ton, with a week-on-week rise of 9.1%. The price ratio of electrolytic cobalt to cobalt powder is 0.97, also up by 9.1% [10][11] - Carbon fiber prices remained stable at 83.8 CNY/kg, with a gross profit of -18.31 CNY/kg [21] - Beryllium prices remained unchanged at 852,000 CNY/ton [19] New Energy Vehicle Materials - Lithium concentrate prices fell to 760 USD/ton, down by 5.0% week-on-week [23] - Prices for battery-grade lithium hydroxide and other lithium products showed slight declines, indicating a potential decrease in demand [26] - Sulfuric cobalt prices increased to 48,600 CNY/ton, up by 1.04% week-on-week [33] Photovoltaic New Materials - The price of photovoltaic-grade polysilicon decreased to 5.01 USD/kg, down by 0.6% week-on-week [2] - EVA prices remained stable at 11,500 CNY/ton, maintaining a high level since 2013 [2] Other Materials - Platinum prices increased to 2,420 CNY/g, up by 1.7% week-on-week, while rhodium and iridium prices showed slight declines [3] - The report emphasizes the importance of monitoring price trends in various materials to gauge market conditions and investment opportunities [4][10]