JIANGTE MOTOR(SZ:002176) Ge Lin Qi Huo·2025-12-18 05:46Report Summary 1. Core View - The recent sharp rise in lithium carbonate prices is due to two reasons: the market's expectation of supply contraction has increased after Jiangte Motor's announcement of the proposed cancellation of mining rights, and the previous day's market rumor that the resumption of production at Shixiaowo has encountered obstacles again, leading to the failure of the supply release expectation. The main contract closed at 108,620 yuan/ton, with a gain of 7.61%. It is expected that lithium carbonate will experience a correction after short - term high - level fluctuations, and attention should be paid to the resistance level of 115,000 yuan/ton [6]. 2. Specific Information Mining Rights Cancellation - On December 17, 2025, Jiangte Motor announced that the Yichun Natural Resources Bureau website recently released a notice to cancel 27 mining rights, including its Jiangxi Yifeng County Shiziling Mining Area lithium - bearing porcelain stone mine. Among the 27 mining licenses, 17 are for ceramic clay mines, 7 are for limestone, and others include kaolin and quartzite. The expiration of these licenses has little impact on the lithium carbonate market supply, and previous similar announcements in Yichun have not significantly affected the market [5]. Price Fluctuation Reasons - The sharp rise in lithium carbonate prices after the announcement is due to market sentiment being affected by Jiangte's announcement and media reports, which increased the expectation of supply contraction, and the previous day's rumor of production resumption obstacles at Shixiaowo, which also contributed to the price increase [6]. Market Outlook - As the lc2601 contract is about to enter the delivery month, the short - term market is expected to experience high - level fluctuations followed by a correction. Attention should be paid to the resistance level of 115,000 yuan/ton. The Guangzhou Futures Exchange has issued a market risk warning, and attention should also be paid to the weekly inventory data released on Thursday. If the de - stocking speed slows down or fails to meet expectations, market sentiment may decline [6][7].