碳酸锂期货日报-20251107

Report Industry Investment Rating - No relevant content provided. 2. Core View of the Report - The lithium carbonate futures price is expected to continue to rebound due to the approaching supply inflection point and continuous inventory reduction, with the current futures price approaching the spot price [12]. 3. Summary by Relevant Sections 3.1 Market Review and Operation Suggestions - The lithium carbonate futures rose, with the main contract closing above 80,000. The total open interest increased by 25,948 lots. The spot price of electric carbon decreased by 100 to 80,400. Australian ore and lithium mica ore remained flat, ternary materials remained flat, lithium iron phosphate decreased by 20 - 30, and electrolytes increased by 250 - 1,000. The industry chain continued to show resistance to decline, and the upward trend of electrolytes remained unchanged [12]. - Social inventories decreased by 3,405 tons this week, compared with a decrease of 3,008 tons the previous week, indicating an increasing de - stocking effort [12]. 3.2 Industry News - Australia's PrairieLithium has started the construction of the largest direct lithium extraction (DLE) plant in North America in Canada. It is expected to receive 4 commercial - scale DLE columns in April 2026. The project has over 345,000 acres of underground mining permits and inferred and controlled resources equivalent to about 4.6 million tons of lithium carbonate, providing long - term supply security [13]. - Kodal Minerals' Bougouni lithium mine phase - I project in Mali was officially launched on November 3. As of now, the project has produced over 45,000 tons of spodumene. The phase - I target annual production capacity is 125,000 tons, with an average lithium oxide grade of 5.5% [13][14]. - Chile's customs data shows that in October, Chile's lithium exports were 27,562 tons, including 24,769 tons of lithium carbonate. Exports of lithium carbonate to China were 16,210 tons, a 4% year - on - year decrease but a 46% month - on - month increase [14].