花旗：中国电池材料_锂进入 7 月第二周 - 电池制造商、贸易商库存持续增加

Flash | 10 Jul 2025 11:38:54 ET │ 9 pages China Battery Materials Lithium into 2nd week of Jul – Inventory of battery makers/traders continues going up CITI'S TAKE Inventory of others (mainly battery makers and traders) is continually going up by 6% WoW / +18% MoM to 41,430 tons. Key debates on this include: (1) why battery makers and traders would like to pile up lithium at this moment? and (2) will they re-deliver the lithium to warehouse in futures market ("二次交盘") after further processing? Our read is th ...