有色金属 能源金属＆新材料周报：钴镍锰表现亮眼，关注软磁和铜合金材料的主题机会

Investment Rating - The industry investment rating is "Positive" (Overweight) for non-ferrous metals, energy metals, and new materials [3][60]. Core Viewpoints - The report highlights a positive outlook for cobalt, nickel, and manganese, with specific recommendations for companies such as Tianqi Lithium, Ganfeng Lithium, and Huayou Cobalt [4][5]. - The energy metals market is experiencing price fluctuations, with lithium prices showing a downward trend while cobalt prices have seen a recent spike due to market sentiment [4][25]. - New materials, particularly soft magnetic and copper alloy materials, are expected to benefit from trends in the electronics and power sectors, with recommendations for companies like Placo New Materials and Yuelan New Materials [5][42]. Summary by Sections 1. Industry Overview - The report discusses the government's initiatives to promote energy-saving and carbon reduction, including the elimination of old vehicles and the promotion of electric vehicles [9]. - It emphasizes the need for optimizing the capacity layout of non-ferrous metals and controlling the production of aluminum and copper [9]. 2. Energy Metals - Lithium prices have decreased, with carbonate lithium at 105,900 CNY/ton, down 0.56%, and hydroxide lithium at 93,750 CNY/ton, down 2.80% [17][19]. - Cobalt prices have also dropped, with overseas MB cobalt at 12.7 USD/pound, down 2.12%, and domestic cobalt at 225,000 CNY/ton, down 5.46% [25]. - Nickel and manganese prices are showing strength, with sulfuric manganese up 6.84% to 0.63 CNY/ton and sulfuric nickel up 3.91% to 3.33 CNY/ton [31][34]. 3. New Materials - The report maintains a positive outlook on soft magnetic and copper alloy materials, driven by demand in the electronics and power sectors [5][42]. - Prices for key new materials include lithium iron phosphate at 1.06 CNY/ton and precursor 622 at 8.40 CNY/ton, with the latter showing a 3.7% increase [42][43]. - The solar material sector is also highlighted, with silver paste prices rising to 8,097 CNY/kg, reflecting a 2.36% increase [49].