碳酸锂日报（2025年8月13日）-20250813

1. Report Industry Investment Rating No relevant content provided. 2. Core Views of the Report - The 2511 contract of lithium carbonate futures rose 2% to 82,520 yuan/ton yesterday. The average price of battery - grade lithium carbonate increased by 3,500 yuan/ton to 78,000 yuan/ton, the average price of industrial - grade lithium carbonate rose by 2,500 yuan/ton to 75,800 yuan/ton, and the price of battery - grade lithium hydroxide (coarse particles) increased by 2,200 yuan/ton to 69,690 yuan/ton. The warehouse receipt inventory increased by 1,440 tons to 20,829 tons [3]. - Yaobao Company's La Negra factory in Chile has resumed operation after an accident last week, and it is currently under investigation in Chile [3]. - On the supply side, the weekly output increased by 2,288 tons to 19,556 tons, with lithium extraction from spodumene, lepidolite, salt lakes, and recycled materials all increasing. It is expected that the supply in August will increase by 3% to 84,200 tons. On the demand side, the lithium consumption of two major cathode materials in August is expected to increase by 8% to 86,000 tons of LCE. In terms of inventory, the social inventory increased by 692 tons to 142,418 tons this week, with upstream and other links destocking and downstream restocking [3]. - Against the background of anti - involution and sustained demand, the short - term production suspension issue has boosted market sentiment. After a rapid rise, there may be a correction. The production suspension of mines can adjust the supply - demand balance of lithium resources, but the duration of the suspension is not clear. As prices strengthen, some enterprises start to resume production, and it is expected that overseas imports will gradually increase. In the future, attention should be paid to the actual supply of lithium salts, the increase in overseas imports (with a certain time lag), whether the terminal customer supply decreases, and whether there are subsequent problems with the mining licenses of other mines [3]. 3. Summary According to Relevant Catalogs 3.1 Research Views - Futures, spot prices, and warehouse receipt inventory changes of lithium carbonate and related products are presented [3]. - Information about the accident and resumption of operation of Yaobao Company's Chilean factory is reported [3]. - Supply, demand, and inventory situations in the lithium market are analyzed, and future market trends and points][3]. 3.2 Daily Data Monitoring - A table shows the prices and price changes of various products in the lithium - battery industry chain from August 11 - 12, 2025, including futures, lithium ores, lithium salts, and cathode materials. Another part shows the prices of some products from August 1 - 8, 2025, such as battery cells and batteries [5]. 3.3 Chart Analysis 3.3.1 Ore Prices - Charts display the price trends of lithium - related ores like spodumene concentrate, lepid][8]. 3.3.2 Lithium and Lithium Salt Prices - Charts show the price trends of metal lithium, battery - grade and industrial - grade lithium carbonate, battery - grade and industrial - grade lithium hydroxide, and lithium hexafluorophosphate [9][11][13]. 3.3.3 Spreads - Charts present the price spreads between different lithium - related products, such as the spread between battery - grade lithium hydroxide and battery - grade lithium carbonate, and the spread between battery - grade lithium carbonate and industrial - grade lithium carbonate, as well as other spreads and the basis [16][17][18]. 3.3.4 Precursor & Cathode Materials - Charts show the price trends of ternary precursors, ternary materials, lithium iron phosphate, lithium manganate, and lithium cobaltate [20][22][26]. 3.3.5 Lithium Battery Prices - Charts display the price trends of 523 square ternary battery cells, square lithium iron phosphate battery cells, lithium cobaltate battery cells, and square lithium iron phosphate batteries [28][30][31]. 3.3.6 Inventory - Charts show the inventory trends of downstream, smelters, and other links in the lithium carbonate market [32][34][36]. 3.3.7 Production Costs - A chart shows the production profit trends of lithium carbonate from different raw materials, such as外购三元极片黑粉,外购磷酸铁锂极片黑粉,外购锂云母精矿, and外购锂辉石精矿 [37].