碳酸锂期货日报-20250924

Report Summary 1. Report Industry Investment Rating - No information provided about the industry investment rating in the report. 2. Core View of the Report - The lithium carbonate futures rebounded after hitting a bottom. Although the supply pressure remains as the weekly production reached a record high last week, the demand growth is higher than the supply, leading to inventory reduction. It is expected that it is difficult for lithium carbonate to open a downward space in the short - term [10]. 3. Summary by Relevant Catalogs 3.1. Market Review and Operation Suggestions - The lithium carbonate futures hit a bottom and then rebounded. The main contract dropped to a minimum of 72,360 during the session. All industrial products fell during the session, and lithium carbonate futures followed suit, but it turned positive first driven by downstream point - price purchases at low points. The spot electric carbon price remained flat at 73,850, and the spot still had a slight premium over the futures. The price of Australian ore remained flat at 832.5, and the price of lithium mica remained flat at 1,900. The production loss of plants using externally - purchased lithium spodumene narrowed to 2,759, and the production loss of plants using externally - purchased lithium mica remained flat at 8,521. Although salt plants are currently making losses, it does not affect their production enthusiasm [10]. 3.2. Industry News - On September 22, Chile's economic development agency Corfo submitted a resolution to the Comptroller General's Office (CGR) to approve the modification of the contract for the Atacama Salt Lake project with SQM Salar SpA and the OMA mineral lease contract, extending the contract validity to 2030. It also submitted a new mineral lease contract for the Atacama Salt Lake with Codelco and its subsidiary Minera Tarar SpA, with a contract validity from 2031 to 2060. SQM and Codelco are expected to finalize a partnership for the development of the Atacama Salt Field in northern Chile this year, marking the local's first large - scale entry into lithium production [13]. - Jiuzhou Hi - Tech (300631.SZ) announced that it signed a procurement contract worth 81.5 million yuan (including 13% VAT), with a tax - free amount of 72.1239 million yuan, with SDIC Xinjiang Lithium Industry Co., Ltd. for the "Membrane Treatment System Procurement" project of the expansion and renovation project for comprehensive utilization of old brine lithium extraction from the Lop Nur Salt Lake. The signing of this contract is expected to have a positive impact on the company's future performance [13].