碳酸锂行情日报：委内瑞拉正向解读，碳酸锂价开年大涨

Market Overview - On January 5, the spot settlement price for battery-grade lithium carbonate (99.5%) was 122,000 CNY/ton, an increase of 2,000 CNY from the previous working day [1] - The settlement price for battery-grade lithium hydroxide (56.5% coarse particles) was 98,000 CNY/ton, also up by 2,000 CNY [1] - In the futures market, the main contract for lithium carbonate closed at 129,980 CNY/ton, rising by 9,340 CNY from the previous trading day, with an increasing open interest [1] Price Trends - The price of lithium concentrate (6.0%) increased from 1,590 CNY to 1,600 CNY, a rise of 10 CNY [2] - Battery-grade lithium carbonate rose from 12,000 CNY to 12,200 CNY, an increase of 200 CNY [2] - Lithium hydroxide (56.5% coarse particles) increased from 9,600 CNY to 9,800 CNY, also up by 200 CNY [2] - The average price level for lithium iron phosphate cells indicates that the terminal's tolerance for lithium carbonate prices is around 112,000 CNY [2] Industry Sentiment - Recent U.S. actions to control Venezuela are expected to have a significant impact on the new energy market, with nearly 60% of industry clients believing it will be beneficial for new energy in the short term [5] - Concerns exist among automotive and lithium battery companies regarding the potential impact of U.S. strategies in Latin America on Chinese enterprises' development in countries like Chile, Argentina, and Brazil, which may affect lithium salt resource supply [5] Project Developments - Longpan Technology signed a cooperation agreement to invest in a high-performance lithium battery cathode material project, with a total investment not exceeding 2 billion CNY, aiming to produce lithium iron phosphate [8] - The project plans to construct 120,000 tons in the first phase, with an expected construction period of 9 months, and is set to commence in Q1 2026 [8] - Recent events in Mali, including a kidnapping incident, have not affected local lithium mining and transportation operations [8] Market Dynamics - The lithium carbonate market is currently characterized by a hesitant upward trend, with active inquiries but limited actual transaction volumes [9] - Some overseas institutions have made aggressive predictions regarding a lithium carbonate equivalent shortage of 50,000 to 100,000 tons by 2026 [9] - Short-term market sentiment is expected to continue to ferment, but caution is advised regarding risk management and inventory trends [9]