+1.63(+0.84%) +0.96(+0.20%) +0.05(+0.04%) 高露洁 力拓(US) 英国石油(US) _ 高重星 770.34亿市值 745.75亿市值 752.38亿市值 28.99 92.02 60.00 -0.16(-0.55%) -0.80(-1.32%) -0.41(-0.44%) 巴克莱 PayPal Holdings ...... 纽约梅隆银行 PayPal Inc 638.88亿市值 629.18亿市值 695.88亿市值 71.55 89.30 17.62 +0.07(+0.10%) -0.93(-1.03%) -0.29(-1.62%) 德意志银行 恩智浦半导体 纽蒙特 the state 0 ND 500.08亿市值 584.27亿市值 534.10亿市值 52.49 27.52 197.95 -0.21(-0.41%) -0.49(-1.75%) -0.95(-0.48%) 美国国际集团 GM 通用汽车 Phillips 66 AIG 478.57亿市值 464.71亿市值 464.44亿市值 48.34 113.95 83.04 -0.38(-0.33%) -0 ...

Report Industry Investment Rating - Not provided in the given content Core Viewpoints - The supply of domestic lithium carbonate in May is expected to be loose, and the domestic social inventory of lithium carbonate has decreased month-on-month. The price of lithium carbonate futures and related lithium products shows certain fluctuations. It is recommended that investors mainly lay out short positions when the price rebounds, and pay attention to the support level near 53,000 - 60,000 and the pressure level near 66,000 - 70,000 [1][6] Summary by Related Catalogs Lithium Carbonate Futures - On May 27, 2025, the closing prices of the near - month, consecutive - one, consecutive - two, and consecutive - three contracts of lithium carbonate futures were 60,900 yuan/ton, 60,920 yuan/ton, 61,260 yuan/ton, and 61,260 yuan/ton respectively. The trading volume of the active contract was 392,469 lots, and the open interest was 293,695 lots. The inventory was 34,154 tons, a decrease of 825 tons compared with the previous day [1] - The price differences between different contracts and the basis also showed corresponding changes. For example, the difference between the near - month and consecutive - one contracts was - 20 yuan/ton, a decrease of 180 yuan/ton compared with the previous day [1] Lithium Spot Prices - The average prices of various lithium products such as lithium ore, metal lithium, lithium carbonate, and lithium hydroxide showed different degrees of change. For example, the average price of lithium spodumene concentrate (6%, CIF China) was 686 US dollars/ton, a decrease of 2 US dollars/ton compared with the previous day [1] - The price differences between different types of lithium products also changed. For example, the price difference between battery - grade lithium hydroxide and battery - grade lithium carbonate was 2,220 yuan/ton, an increase of 300 yuan/ton compared with the previous day [1] Lithium Inventory - The SMM lithium carbonate inventory showed a decrease. The total inventory was 131,779 tons, a decrease of 141 tons compared with the previous week [1] Company News - Dazhong Mining, a domestic mining enterprise, entered the lithium industry in 2022. Its Hunan lithium mine project has made rapid progress, with a proven reserve of 3.044 million tons in December 2024 [1] - Sijie Co., Ltd. released new sulfide products at the 2002 China International Battery Technology Exchange Conference. It has built a pilot production line for high - purity lithium sulfide, and its sulfide solid - state electrolyte technology is at the leading level in the industry. It has also reached a procurement framework agreement with Beijing Weilan New Energy [2] - Hainan Mining's 20,000 - ton battery - grade lithium hydroxide project achieved full - process connectivity, and the first batch of lithium hydroxide products met the design standards [2] - Rio Tinto and the Chilean National Mining Company announced a binding agreement to jointly develop and operate the Maricunga Salt Lake project in Chile [3] Supply and Demand Analysis - Supply: The total production capacity of Tianqi Lithium's Greenbushes 652,000 - ton wet - process project may reach 240,000 tons per year after it is put into production in October 2025. The production volume of domestic lithium carbonate in May may increase month - on - month, and the supply is expected to be loose. Some new production capacities such as Guangdong Haohai Lithium's 10,000 - ton battery - grade lithium carbonate and Jiejin Lithium's 25,000 - ton battery - grade lithium carbonate are planned to be put into production in the future [4] - Demand: The production volume of various lithium - related products such as lithium iron phosphate, lithium iron phosphate lithium, and lithium - ion batteries in China may increase month - on - month in May. The production, shipment, and inventory of energy - storage cells and power cells may also increase [5][6]

Report Industry Investment Rating No information provided on the industry investment rating. Core View of the Report The domestic lithium carbonate supply in May 2025 is expected to be loose, and the social inventory of domestic lithium carbonate has decreased month - on - month. Due to the cost and supply - demand expectations, the lithium carbonate price may remain weak. It is recommended that investors mainly lay out short positions when the price rebounds, and pay attention to the support level around 53,000 - 60,000 and the pressure level around 66,000 - 70,000 [1][6]. Summary by Related Catalogs Lithium Carbonate Futures Market - On May 26, 2025, the closing prices of the near - month, continuous - one, continuous - two, and continuous - three contracts of lithium carbonate futures decreased compared with May 23, 2025, with decreases of 720 yuan/ton, 860 yuan/ton, 1,000 yuan/ton, and 860 yuan/ton respectively. The trading volume decreased by 32,588 lots, and the open interest increased by 7,966 lots. The inventory decreased by 794 tons [1]. - The spreads between different contracts and the basis also changed. For example, the spread between the near - month and continuous - one contracts increased by 140 yuan/ton [1]. Lithium Spot Price - The average prices of various lithium - related products such as lithium ore, lithium carbonate, and lithium hydroxide decreased compared with the previous period. For example, the average price of battery - grade lithium carbonate (99.5%/domestic) decreased by 550 yuan/ton [1]. - The price differences between different grades of lithium products also changed. For example, the price difference between battery - grade and industrial - grade lithium carbonate remained unchanged at 1,600 yuan/ton [1]. Lithium - Related Company News - Dazhong Mining, a domestic mining enterprise, has made important breakthroughs in its "iron ore + lithium ore" dual - wheel drive strategy. Its Hunan lithium ore project has rapid progress, with a proven reserve of 3.044 million tons in December 2024 [1]. - Sijie Co., Ltd. released new sulfide products at the 2025 China International Battery Technology Exchange Conference. It has achieved leading - level production indicators in terms of purity, particle size control, and ion conductivity of sulfide solid - state electrolytes. It has also reached a procurement framework agreement with Beijing Weilan New Energy [2]. - Hainan Mining's 20,000 - ton battery - grade lithium hydroxide project has achieved full - process connectivity, marking a phased achievement in its industrial transformation and upgrading strategy [3]. - Rio Tinto will form a joint venture with the Chilean National Mining Company to develop and operate the Maricunga Salt Lake project in Chile, with a planned investment of up to $900 million [3]. Supply - Demand Situation Supply - Tianqi Lithium's Greenbushes lithium mine project may increase the total annual production capacity to 2.01 million tons after being put into operation in October 2025, which may lead to a decline in the price of domestic lithium concentrate and an increase in the domestic production (import) volume of lithium concentrate in May. The production capacity utilization rate and production volume of domestic lithium carbonate decreased last week, and the supply in May is expected to be loose [4]. - The import window of lithium carbonate is closed, and the theoretical delivery profit is negative, resulting in a decrease in the inventory of Guangzhou Futures Exchange and a decrease in the social inventory of lithium carbonate [4]. - The monthly cash production cost of lithium hydroxide by some domestic methods is positive or negative in terms of profit. Some companies' production line construction plans may increase the production volume and inventory of lithium hydroxide in May, while the export profit is negative, which may lead to an increase in the export volume [4]. Demand - The average production cost of phosphoric acid iron and lithium iron phosphate by different domestic production processes is within a certain range. The production volume and inventory of phosphoric acid iron and lithium iron phosphate may increase in May. Some companies' project plans will also affect the production and inventory of related products [5]. - The production (import) volume of various lithium - related products such as cobalt sulfate, electrolytic manganese dioxide, ternary precursors, ternary materials, and hexafluorophosphate lithium may change in May due to factors such as production cost and profit [6]. - Some new energy - related projects are expected to be put into operation, which may increase the production, shipment, and inventory of energy - storage cells, power cells, and lithium - ion batteries in May, as well as the production and sales volume of new energy vehicles [6].

金十图示：2025年05月23日（周五）美股热门股票行情一览（美股盘中） 6537.40亿市值 5134.22亿市值 5055.79亿市值 354.30 565.41 1188.00 -3.67(-1.03%) +0.03(0.00%) -4.73(-0.83%) 埃克森美孚 甲骨文 P&G 宝浩 3872.42亿市值 4418.24亿市值 4361.14亿市值 155.52 102.52 165.17 -0.45(-0.44%) -1.79(-1.14%) +0.14(+0.08%) 强生 美国银行 ss) 家得宝 101 3669.74亿市值 3602.39亿市值 3248.50亿市值 152.52 362.44 43.13 -0.09(-0.06%) -3.69(-1.01%) -0.18(-0.42%) 阿斯麦 T-Mobile US Inc 可口可乐 (acabela ASML 2737.56亿市值 3084.44亿市值 2860.00亿市值 727.21 71.66 241.10 +0.52(+0.73%) -13.49(-1.82%) +0.28(+0.12%) 赛富时 t | 联合健康 cis ...

Market Capitalization Summary - Visa has a market capitalization of 678.98 billion, while Oracle stands at 507.00 billion [2] - Netflix's market cap is 458.85 billion, and ExxonMobil is at 447.70 billion [2] - Johnson & Johnson has a market cap of 386.33 billion, and Home Depot is at 376.88 billion [2] - Procter & Gamble's market cap is 366.93 billion, and Bank of America is at 337.13 billion [2] Stock Performance - Visa's stock decreased by 0.27% (-2.06) [2] - Oracle's stock increased by 0.52% (+3.05) [2] - Netflix's stock decreased by 0.02% (-0.18) [2] - ExxonMobil's stock decreased by 1.59% (-1.72) [2] Notable Increases - T-Mobile US Inc saw a significant increase of 8.21% (+23.98) [2] - Cisco's stock increased by 0.62% (+1.65) [2] - Pfizer's stock increased by 0.81% (+0.18) [4] Notable Decreases - AMD's stock decreased by 2.07% (-2.42) [3] - Ford's stock decreased by 0.57% (-0.06) [4] - General Motors' stock decreased by 0.69% (-0.35) [4] Additional Market Insights - The market capitalization of major companies like Coca-Cola and ASML is 294.71 billion and 309.65 billion respectively [2] - Companies like Starbucks and Intel have market caps of 96.15 billion and 93.32 billion respectively [5] - The overall market performance reflects a mix of gains and losses across various sectors, indicating volatility [3][4]

智利国家铜业公司选择力拓(RIO.N)作为马里昆加锂项目的合作伙伴，后者将为该项目投资高达9亿美 元。 ...

VISA 6566.00亿市值 7161.09亿市值 5251.24亿市值 755.60 355.85 578.30 +21.03(+2.86%) +3.31(+0.94%) +9.66(+1.70%) 甲骨文 奈飞 埃克森美孚 4723.84亿市值 4706.13亿市值 4408.82亿市值 157.22 1110.00 109.20 -30.22(-2.65%) +1.89(+1.76%) +6.88(+4.58%) 强生 s | 家得宝 P&G 宝浩 3773.42亿市值 3743.63亿市值 3709.20亿市值 154.16 376.65 160.94 +3.29(+2.08%) -0.06(-0.04%) +13.94(+3.84%) 联合健康 美国银行 可口可乐 - (conticts 3436.34亿市值 3266.57亿市值 2993.19亿市值 43.37 378.81 69.54 -1.83(-0.48%) +1.58(+3.78%) -0.98(-1.39%) 赛富时 T-Mobile US Inc ASML 阿斯麦 F - - Mobile- 2947.11亿市值 2728.36亿市 ...

日度报告——综合晨报 中美贸易谈判预计取得进展，美联储强调稳 定通胀重要性 [T报ab告le_日R期an：k] 2025-05-12 宏观策略（黄金） 4 月中国 CPI 同比降 0.1%，PPI 同比降 2.7% 综 合 在散户交投活跃度高涨、消息面驱动的背景下，通胀压力和企 业业绩压力被市场忽视。当前市场估值水平已经修复至历史中 值附近，已经难言便宜，行情持续冲高将逐渐积累风险。 晨 宏观策略（美国股指期货） 报 美联储威廉姆斯强调稳定通胀重要 中美关税谈判达成共识，有望进行进一步谈判，对短期风险偏 好构成支持，美国股指期货涨幅近 1%。 黑色金属（动力煤） 2025 年 3 月日本煤炭进口 1237.98 万吨 中美贸易谈判取得进展 金价周五走势震荡表现偏弱，中美高层贸易谈判取得进展推动 金价周一开盘走低，关税问题和地缘军事冲突短期存在改善空 间，黄金短期仍有回调空间。 宏观策略（股指期货） 五一后，港口动力煤库存爆仓，煤价再度失守，港口 5500K 报 价约 645 元，前期 650 元支撑位跌破。关注 5 月份后火电日耗增 速以及国内煤矿开工率变化，或在此轮急跌后供 农产品（玉米） 中央气象台 5 ...

VISA HER 6489.98亿市值 7030.83亿市值 5146.97亿市值 252.99 351.73 566.82 -0.48(-0.19%) +0.46(+0.13%) -0.30(-0.05%) 埃克森美孚 奈飞 强生 1 # 3739.76亿市值 4868.54亿市值 4616.05亿市值 155.43 107.11 1144.00 -0.43(-0.04%) +1.04(+0.98%) -0.23(-0.15%) 联合健康 s | 家得宝 - P&G 宝浩 3705.31亿市值 3605.18亿市值 3443.60亿市值 379.61 158.04 362.72 -0.61(-0.38%) -5.94(-1.54%) -2.14(-0.59%) T-Mobile US Inc 美国银行 可口可乐 (acobela 2787.29亿市值 3145.31亿市值 3047.48亿市值 41.76 245.48 70.80 -2.01(-0.81%) +0.16(+0.38%) -0.37(-0.52%) 賽富时 丰田汽车(US ASML 阿斯麦 ADR) 2775.50亿市值 2650.88亿市值 ...

达美航空 组柯钢铁 诺基亚 Delta 298.75亿市值 281.96亿市值 281.69亿市值 45.75 122.19 5.03 +1.55(+3.51%) -0.78(-0.63%) +0.01(+0.21%) 沃达丰(US) = ) 爱立信 (b) 感覺 245.81亿市值 278.07亿市值 239.04亿市值 8.30 26.07 9.57 +0.13(+0.48%) -0.04(-0.42%) -0.04(-0.36%) 陶氏 FOX 福克斯-A FOX 福克斯-B 224.33亿市值 209.08亿市值 207.71亿市值 29.39 49.48 46.11 -0.06(-0.13%) -1.03(-3.40%) +0.01(+0.01%) 哈里伯顿 华纳音乐 Pinterest Inc-A 184.13亿市值 174.14亿市值 157.49亿市值 27.23 20.25 30.27 -0.34(-1.67%) +0.36(+1.34%) +0.01(+0.02%) Dropbox Inc-A 西部数据 Lyft Inc-A 83.60亿市值 54.24亿市值 156.28亿市值 12.9 ...