碳酸锂期货日报-20250609

Report Summary 1. Report Industry Investment Rating No relevant information provided. 2. Core View of the Report The lithium carbonate futures market showed a pattern of rising and then falling, with the total open interest decreasing by 12,893 lots to 566,000 lots. The rally was mainly driven by short - covering due to limited positive fundamental news. The spot price remained flat at 60,200 yuan/ton, along with prices of lithium spodumene and lithium mica ore and most cathode material prices. The downward price trend in the industry chain paused. This week, the social inventory increased by 861 tons, and the weekly production of lithium carbonate rose by 891 tons, indicating that inventory accumulation was due to supply - side growth. Terminal demand has not significantly improved, so the fundamentals have limited impact on prices. After seven consecutive weekly declines, the lithium carbonate futures had their first weekly gain, and the market's short - selling sentiment declined. The short - term signal of a price bottom still depends on whether the main lithium carbonate futures contract can successfully break through 60,800 yuan/ton [8]. 3. Summary by Relevant Sections 3.1 Market Review and Operation Suggestions - The lithium carbonate futures market had a volatile performance, with the total open interest dropping by 12,893 lots to 566,000 lots. The market movement was mainly driven by short - covering [8]. - The spot price of lithium carbonate, lithium ore prices, and most cathode material prices remained unchanged. The industry chain's price decline trend stopped [8]. - This week, the social inventory increased by 861 tons, and the weekly production rose by 891 tons, with inventory growth coming from the supply side. Terminal demand has not shown significant improvement [8]. - After seven consecutive weekly declines, the futures had a weekly gain, and the short - selling sentiment decreased. The short - term price bottom signal depends on whether the main contract can break through 60,800 yuan/ton [8]. 3.2 Industry News - On June 5th, Lithium Energy announced obtaining 6,150 hectares of mining rights in Utah, known as the White Plains lithium brine project, with 760 new mining claims. The company believes the geological environment may contain lithium brine mineralization, and this acquisition is part of its strategy to resume trading on the Australian Securities Exchange [9]. - On June 5th, Shengxin Lithium Energy stated in an institutional survey that its 60,000 - ton lithium salt project in Indonesia, which started trial production in 2024, is expected to start mass - supplying in the third quarter after some core customer certifications enter the final stage. The company is also involved in the solid - state battery field, with a 500 - ton metal lithium production capacity, mass - producing ultra - thin and ultra - wide lithium strips, and promoting a new 2,500 - ton metal lithium project [9]. - On June 3rd, BASF announced that its Black Mass plant in Schwarzheide, Germany, has been successfully put into commercial operation. It is one of the largest Black Mass commercial plants in Europe, with an annual processing capacity of 15,000 tons of scrap lithium - ion batteries and production waste, equivalent to about 40,000 electric vehicle batteries [10].