碳酸锂日报-20250822

1. Report Industry Investment Rating No relevant content provided. 2. Core View of the Report - The main contract of lithium carbonate futures fell 0.17% to 82,760 yuan/ton yesterday. The average price of battery - grade lithium carbonate decreased by 500 yuan/ton to 85,200 yuan/ton, and the average price of industrial - grade lithium carbonate dropped by 500 yuan/ton to 82,900 yuan/ton. The price of battery - grade lithium hydroxide (coarse particles) decreased by 50 yuan/ton to 77,690 yuan/ton. The warehouse receipt inventory increased by 275 tons to 24,320 tons [3]. - On the supply side, the weekly output decreased by 842 tons to 19,138 tons. Among them, lithium extraction from spodumene increased by 520 tons to 12,179 tons, lithium extraction from lepidolite decreased by 1,250 tons to 2,650 tons, lithium extraction from salt lakes decreased by 90 tons to 2,650 tons, and lithium extraction from recycled materials increased by 78 tons to 1,757 tons. It is expected that the supply in August will still increase slightly 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. On the inventory side, the social inventory decreased by 713 tons to 141,543 tons, with inventory reductions in upstream and other links and continued replenishment by downstream [3]. - Currently, the production problems of known resource projects have basically been resolved. The price reached over 90,000 yuan/ton on Monday and faces short - term callback pressure. In the future, attention should be focused on the mining license issue in Jiangxi. Other projects need to complete report compilation and submission by September 30 [3]. 3. Summary by Relevant Catalogs 3.1 Research Views - Futures, spot prices, and warehouse receipt inventory changes of lithium carbonate and related products [3]. - Supply, demand, and inventory situation analysis [3]. - Short - term price trend judgment and future focus points [3]. 3.2 Daily Data Monitoring - The table shows the price changes of various products in the lithium - battery industry chain from August 20 to August 21, 2025, including futures, lithium ores, lithium carbonates, lithium hydroxides, and other products [5]. 3.3 Chart Analysis 3.3.1 Ore Prices - Charts show the price trends of lithium - containing ores such as spodumene concentrate, lepidolite, and amblygonite from 2024 to 2025 [6][7][8] 3.3.2 Lithium and Lithium Salt Prices - Charts present the price trends of metal lithium, battery - grade lithium carbonate, industrial - grade lithium carbonate, battery - grade lithium hydroxide, industrial - grade lithium hydroxide, and lithium hexafluorophosphate from 2024 to 2025 [11][12][13] 3.3.3 Spreads - Charts display the price spreads between battery - grade lithium hydroxide and battery - grade lithium carbonate, battery - grade lithium carbonate and industrial - grade lithium carbonate, and other spreads from 2024 to 2025 [18][19][21] 3.3.4 Precursor & Cathode Materials - Charts show the price trends of ternary precursors, ternary materials, lithium iron phosphate, lithium manganate, and cobalt acid lithium from 2024 to 2025 [25][26][28] 3.3.5 Lithium Battery Prices - Charts present the price trends of 523 square ternary cells, square lithium iron phosphate cells, cobalt acid lithium cells, and square lithium iron phosphate batteries from 2024 to 2025 [33][34][35] 3.3.6 Inventory - Charts show the weekly inventory trends of downstream, smelters, and other links of lithium carbonate from January to August 2025 [38][39][40] 3.3.7 Production Costs - The chart shows the production profit trends of lithium carbonate from different raw materials such as purchased ternary pole piece black powder, purchased lithium iron phosphate pole piece black powder, purchased lepidolite concentrate, and purchased spodumene concentrate from 2024 to 2025 [42][43]