鑫椤锂电一周观察 | 反内卷 碳酸锂价格反弹

Core Viewpoint - The domestic lithium carbonate prices in China are experiencing a rebound due to various factors, including the impact of "anti-involution" and the challenges faced by lithium mining companies in Jiangxi regarding certification renewals [1][8]. Industry Hot News - Toyota's battery subsidiary, Prime Planet Energy & Solutions, announced a new battery plant in Dalian, China, with an investment of 3.7 billion yuan, although the production timeline is not disclosed [3]. - Zimbabwe's Kuvimba Mining House plans to start construction of a lithium processing plant with an investment of 270 million USD, expected to be operational by early 2027 [4]. - Honeycomb Energy aims to trial production of its first-generation semi-solid battery on a 2.3 GWh production line in Q4 2025, targeting large-scale supply by 2027 [5]. - LG Energy Solution and Toyota Tsusho established a joint venture in the U.S. for battery recycling, planning to process 13,500 tons of battery waste annually by 2026 [6]. Lithium Market Overview - Domestic lithium carbonate prices are rebounding, with battery-grade prices ranging from 71,000 to 72,000 yuan per ton as of July 24 [9][8]. - The three-material market is showing weak performance, with some manufacturers reducing production by nearly 20% in July [10]. - Phosphate lithium prices have slightly increased, but demand remains stable, with companies like Longpan Technology and Fengyuan Co. still reporting losses [11]. - Negative electrode material prices have seen a decline of around 500 yuan per ton, with production levels expected to remain stable or slightly increase in August [13]. - The electrolyte market is experiencing slight price drops, with competitive pressures limiting potential price increases despite rising lithium carbonate prices [15]. Battery Market Overview - The domestic battery market prices are stable, with August orders expected to be similar to July, and battery manufacturers are focusing on volume rather than price [16]. - The weekly sales of new energy vehicles showed a year-on-year decline, with total sales of 368,000 units, a decrease of 2.90% [17]. - The storage battery prices have slightly increased, with significant shipments from Huawei, particularly in the Philippines [18].