锂辉石价格连续2个月上涨，六氟磷酸锂价格创近2年新高：金属新材料高频数据周报（20251027-20251102）-20251102
EBSCN·2025-11-02 12:24

Investment Rating - The report maintains a rating of "Overweight" for the non-ferrous metals sector [5] Core Insights - Lithium prices have reached approximately 74,000 CNY/ton, with potential short-term increases due to supply disruptions from mines like Zangge Mining [4] - The report suggests focusing on companies with cost advantages and resource expansion potential in the lithium mining sector, such as Salt Lake Co., Zangge Mining, and Tianqi Lithium [4] - Cobalt prices are rising, indicating a positive outlook for companies like Huayou Cobalt [4] - Tungsten prices remain at high levels, with recommendations for companies like Zhangyuan Tungsten and Zhongtung High-tech [4] - Neodymium oxide prices are at a 19-month high, suggesting investment in Northern Rare Earth and Shenghe Resources [4] Summary by Sections Non-Ferrous Metals - Lithium concentrate prices have increased to 870 USD/ton, up 9.43% week-on-week [1] - The price of lithium hexafluorophosphate has risen by 23.6% to 107,500 CNY/ton, with a gross profit margin of 28.1% [43] - Cobalt sulfate price remains stable at 89,900 CNY/ton, with a gross profit margin of 0.0% [36] New Energy Vehicle Materials - The price of lithium iron phosphate has increased by 7.04% to 358,000 CNY/ton, with a gross profit margin of -0.24 CNY/ton [38] - The production of new energy vehicles reached 1.6169 million units in September 2025, a year-on-year increase of 23.7% [22] Military New Materials - Electrolytic cobalt price is 394,000 CNY/ton, down 1.0% week-on-week, indicating a potential decline in military material demand [9] - The price ratio of electrolytic cobalt to cobalt powder is 0.79, down 2.0% [10] Photovoltaic New Materials - The price of EVA has decreased by 1.8% to 10,700 CNY/ton, remaining at a low level since 2013 [2] - The price of photovoltaic-grade polysilicon is 6.50 USD/kg, down 0.2% [2] Other Materials - The price of rhodium has increased by 2.4% to 21,650 CNY/kg, indicating a positive trend in precious metals [3]