碳酸锂走强：碳酸锂日报-20251210

1. Report Industry Investment Rating No relevant information provided. 2. Core View of the Report - The price of lithium carbonate futures is on the rise, while the spot price is slightly declining. The basis is negative, and the registered warehouse receipts are increasing. There is no obvious pressure of inventory accumulation [5]. 3. Summary by Relevant Catalogs 3.1 Industrial Dynamics - Futures Market: The closing price of the main contract LC2605.GFE is 95,980 yuan/ton, up 3,180 yuan/ton (+3.43%) from the previous day, and the settlement price is 95,100 yuan/ton, up 1,520 yuan/ton. Compared with five trading days ago, the closing price is up 2,320 yuan/ton, and the settlement price is up 200 yuan/ton [5][7]. - Lithium Ore: The prices of Australian, Brazilian, Zimbabwean, and Malian lithium spodumene concentrates imported into China have all decreased compared with the previous week, while the price of South African lithium spodumene ore remains unchanged. The prices of lithium mica with different Li₂O contents have also decreased to varying degrees compared with the previous week [7]. - Lithium Compounds: The price of domestic 99.5% electric-grade lithium carbonate is 92,640 yuan/ton, down 70 yuan/ton from the previous day and 1,650 yuan/ton from the previous week. The price of domestic 56.5% lithium hydroxide is 81,890 yuan/ton, unchanged from the previous day and down 730 yuan/ton from the previous week. The price difference between lithium hydroxide and lithium carbonate is -10,750 yuan/ton, up 70 yuan/ton from the previous day and 920 yuan/ton from the previous week [7]. - Ternary Materials and Downstream Products: The prices of ternary precursors and materials remain unchanged, and the prices of some downstream products such as electrolyte and cathode materials also remain stable [7]. 3.2 Related Charts - Ore and Lithium Prices: Include charts of lithium mica price changes, lithium carbonate futures main contract price, lithium carbonate spot price, lithium hydroxide price, lithium carbonate basis, and the price difference between lithium hydroxide and lithium carbonate [9]. - Cathode & Ternary Materials: Include charts of manganese - acid lithium price, iron - phosphate lithium price, cobalt - acid lithium price, ternary precursor price, and ternary material price [11][15]. - Trading Volume, Open Interest, and Warehouse Receipts: Include charts of lithium carbonate main contract trading volume, open interest, and registered warehouse receipts [16][17].