碳酸锂期货日报-20250606

Group 1: Report Overview - Report date: June 6, 2025 [1] - Report title: Carbonate Lithium Futures Daily Report [1] - Research team: Nonferrous Metals Research Team [2] - Researchers: Zhang Ping, Yu Feifei, Peng Jinglin [2] Group 2: Market Review and Operation Suggestions - Carbonate lithium futures fluctuated weakly, with total positions decreasing by 321 lots. The game between long and short positions remained intense, and the spot price center continued to move down. Electric carbon dropped by 50 to 60,200, and the price of Australian lithium ore dropped by 2.5 to $607.5 per ton. The price of lithium mica ore remained flat, and the price of cathode materials also decreased. The downward trend in the industry chain remained unchanged [8]. - This week, the weekly production of carbonate lithium increased by 891 tons to 17,471 tons. Except for the decline in production at the recycling end, the production of carbonate lithium from other raw material ends increased, and the pressure on the supply side continued to exist. Whether the price of carbonate lithium can stop falling and rebound still depends on the strength of the demand side. In the short term, the futures price of carbonate lithium has not yet stabilized above the trend line and should still be treated with a weak perspective [8]. Group 3: Industry News - Rio Tinto is adjusting the cost of its lithium project in Serbia, which was identified as one of the 13 strategic new key material projects by the European Commission. The project was opposed by environmental groups and many Serbians due to environmental issues and led to large - scale street protests in 2022, resulting in the government revoking all of Rio Tinto's exploration licenses. The Constitutional Court overturned the decision last year and restored the licenses. The project was originally expected to start production in 2027, and the company still needs to obtain on - site mining licenses [9]. - Metal investor Cobalt Holdings will abandon its planned initial public offering (IPO) on the London Stock Exchange. The company did not disclose the specific reasons for canceling the plan. Sources revealed that the IPO process was aborted due to weak subscription demand, and the management still看好 the cobalt business model and market prospects and plans to explore alternative financing options such as private placement. The company's original plan to use most of the IPO proceeds (about $200 million) to purchase the first 6,000 tons of cobalt metal from Glencore has not been clearly determined whether to continue [9][10]. - According to the mineral and petroleum exploration data for the first quarter of 2025 released by the Australian Bureau of Statistics (ABS), the national exploration activities decreased significantly both quarter - on - quarter and year - on - year. The total exploration expenditure decreased by 18.4% (A$181 million) quarter - on - quarter to A$804.7 million, and the year - on - year decrease was 11.5% (A$105 million), a nearly 20% reduction from the quarterly peak in 2023 (over A$1 billion). Drilling activities also declined, with the new exploration drilling volume decreasing by 21.9% quarter - on - quarter and the total drilling meters decreasing by 11.6% [10].