高纯石英中试线 高纯石英矿矿石 高纯石英砂 高纯石英中试样品 自然资源部供图 认识"高纯石英矿" 正式成立！随着自然资源部发布《新发现矿种公告》，高纯石英矿被确立为我国第174号矿种，成 为我国又一新矿种。这也是我国"十四五"时期，唯一设立的新矿种。 高纯石英矿是什么？ 我们身边，以二氧化硅为主的石英无处不在。河道的沙子、沙滩的卵石，家居装修用的沙子、厨房 的石英石台面、首饰装饰用的水晶等都是石英。但自然界中，高纯石英矿非常稀有，堪称超级"硅"族。 自然资源部有关负责人告诉记者，高纯石英具有耐高温、耐腐蚀、低热膨胀性、高绝缘性和透光性 等特性，是半导体、光伏等战略性新兴产业必不可缺的关键基础材料，在国家高科技竞争中起着至关重 要的作用。获取高纯石英需要具有高纯石英原料矿石——也就是高纯石英矿。 一种矿产的身份之变，映射出一个国家产业的升级之路。近日，高纯石英矿作为"十四五"时期唯一 新增矿种，正式进入国家矿种序列。过去，高纯石英资源常被笼统归入普通石英矿，如今独立成种，意 味着什么？这将对高端制造产业产生什么影响？ 本次设立确定的新矿种高纯石英矿，是指在当前技术经济条件下，经选矿、提纯可获得高纯石英砂 二氧化 ...

Group 1 - The core viewpoint of the article highlights significant achievements in China's machinery industry during the "14th Five-Year Plan" period, including growth in industrial scale, foreign trade, and innovation capabilities [1] Group 2 - The number of large-scale enterprises in the machinery industry increased from 92,000 at the end of 2020 to 137,000 by the end of October 2025 [1] - The average annual growth rate of the added value of the machinery industry is 7.1%, with a growth rate of 8.7% in the first three quarters of this year, surpassing the national industrial and manufacturing average [1] - From January to October this year, the total import and export volume of goods in the machinery industry reached $1.03 trillion, a year-on-year increase of 7.6%, with expectations for a record high for the year [1] - A total of 4,487 national and industry standards were published during the "14th Five-Year Plan," with an international standard conversion rate exceeding 92% [1] - The machinery industry accounts for one-quarter of the national-level characteristic industrial clusters for small and medium-sized enterprises [1] - Thirteen Chinese companies have entered the top 50 global engineering machinery manufacturers [1] Group 3 - Looking ahead to the "15th Five-Year Plan," the machinery industry aims to enhance the resilience and security of the industrial supply chain, accelerate the development of new productive forces, and focus on the transformation towards intelligence, greenness, and integration [1]

重要性紧迫性日益凸显 近年来，新一轮科技革命和产业变革加速突破，国际力量对比深刻调整，大国博弈更加复杂激烈， 国际经济贸易秩序遇到严峻挑战，全球产业链供应链格局面临深刻调整。一个典型表现是，许多国家和 跨国企业的产业链供应链布局逻辑发生重大变化，即从过去更加注重成本和市场效率逐步转向更加注重 国家利益和安全可控，从全球化、区域化加速向本土化、近岸化、友岸化转变。在此背景下，确保我国 产业链供应链安全稳定的重要性和紧迫性凸显。 一方面，产业链供应链韧性和安全水平直接关系到经济韧性和抗风险能力。观察一国的经济发展韧 性和经济安全水平，一个重要切入点，就是看这个国家的产业链供应链在遭遇内外部风险冲击时，能否 保持不中断、可替代、能修复的运行状态。目前，我国拥有完备的产业体系、强大的动员组织和产业转 换能力，具有的超大规模市场优势亦能为增强产业链供应链韧性提供支撑。面对不确定难预料因素增多 的形势，我们必须立足优势、巩固优势、用好优势，既要积极参与全球产业分工，有效利用国内国际两 个市场、两种资源，又要高度重视产业链供应链的自主可控、安全可靠，着力突破"卡脖子"环节，力争 重要产品和供应渠道都至少有一个替代来源，形成 ...

Core Viewpoint - The Ministry of Industry and Information Technology and seven other departments have issued a work plan for the non-ferrous metals industry aimed at achieving an average annual growth of around 5% in value-added output from 2025 to 2026, with a focus on enhancing resource development and promoting high-quality growth in the sector [1] Summary by Sections Industry Growth Targets - The non-ferrous metals industry is expected to achieve an average annual growth of approximately 5% in value-added output from 2025 to 2026, with a 1.5% annual growth in the production of ten major non-ferrous metals [1] - The production of recycled metals is projected to exceed 20 million tons, with advancements in domestic resource development for copper, aluminum, and lithium [1] Key Initiatives - **Resource Utilization**: Implement a new round of mineral exploration strategies and support the efficient extraction of low-grade and complex resources [2] - **Technological Innovation**: Promote breakthroughs in high-purity metals and advanced materials, enhancing product quality and supporting the construction of pilot platforms for new materials [2] - **Investment Expansion**: Accelerate the development of mineral resource projects and promote energy-saving and emission-reduction transformations in the industry [2] - **Market Demand**: Stimulate consumption of bulk metals and expand applications for high-end aluminum, copper, and magnesium alloys [3] - **International Cooperation**: Assist enterprises in responding to foreign trade restrictions and support the import of primary products while promoting overseas projects [3] Implementation Measures - **Organizational Support**: Local governments are encouraged to refine growth targets and policies, while industry associations are to promote collaboration across the supply chain [4] - **Policy Support**: Utilize existing funding channels and tax reduction policies to support the industry, along with national reserves for key products [4] - **Monitoring and Analysis**: Employ big data and AI to enhance monitoring of industry performance and global trends, ensuring timely responses to market changes [4]

Core Insights - The equipment manufacturing industry in Liaocheng is experiencing rapid growth, with projected revenue of 31.84 billion yuan in 2024, representing a growth rate of 7.1%, and a revenue of 17.688 billion yuan in the first half of 2025, showing a year-on-year increase of 18.9% [1][2] Industry Growth and Development - The industry has established a complete and distinctive supply chain, including segments such as agricultural machinery, engineering machinery, laser equipment, and wire and cable, with market share continuously increasing under the leadership of key enterprises like Shifeng Group [1][2] - The brand influence of the equipment manufacturing sector is growing, with 12 national-level "little giant" enterprises, 29 provincial-level "gazelle" enterprises, 21 provincial-level single champion enterprises, and 104 specialized and innovative enterprises [1] Export and Market Expansion - The equipment manufacturing industry is actively expanding into overseas markets, with significant export growth in agricultural and engineering machinery. In the first quarter, Shifeng Group's foreign trade increased by 97%, and three-wheeled vehicle exports rose by over 60% [2] - Diesel engine exports grew nearly 1.5 times, and tractor sales in Eastern Europe and North Africa increased by 20%. Dual Power Modern Agricultural Equipment has also expanded its foreign trade, exporting over 30 million yuan in the first half of the year [2] Project Development and Innovation - Major projects are continuously generating new development momentum and expanding industry boundaries, contributing to high-quality economic development. Key projects include the intelligent precision spring project by Xindadi and the green and intelligent electric excavator project by Kenstone Heavy Industry [2] Regulatory Support and Industry Enhancement - The Municipal Market Supervision Administration is focusing on supporting the development of the equipment manufacturing industry by implementing targeted measures to enhance quality and competitiveness. This includes a "10+7" initiative aimed at promoting high-quality development in specific sub-sectors [3][4] - The administration is adopting a service-oriented regulatory approach, providing compliance guidance and tailored service measures to improve enterprise perception and support industry quality enhancement [4]

Report Summary 1. Report Industry Investment Rating No investment rating information is provided in the report. 2. Core Viewpoints - The lithium carbonate market remains in a situation of weak supply and light demand, with industrial inventories slightly accumulating and remaining at a high level. The main contract of lithium carbonate showed a weak weekly oscillation, with a weekly decline of 0.83% and an amplitude of 3.81%, closing at 59,940 yuan/ton [5]. - The macro - environment aims to enhance the resilience and safety of the industrial chain. On the raw material side, overseas mines are holding firm on prices and reducing shipping willingness, while smelters have weak purchasing sentiment due to sufficient inventories. The supply is expected to be high in the short - term and then gradually decline, and the demand is weak due to the off - season [5]. 3. Summary by Directory 3.1. Weekly Highlights - **Market Review**: The main contract of lithium carbonate showed a weak weekly oscillation, with a weekly decline of 0.83% and an amplitude of 3.81%, closing at 59,940 yuan/ton [5]. - **Market Outlook**: The supply is expected to be high in the short - term and then gradually decline. The demand is weak due to the off - season, and the inventories are at a high level [5]. - **Strategy Recommendation**: Adopt a light - position oscillating strategy, selling short on rallies, and pay attention to trading rhythm and risk control [5]. 3.2. Futures and Spot Market - **Futures Market**: As of June 13, 2025, the closing price of the main contract of lithium carbonate was 59,940 yuan/ton, a week - on - week decrease of 500 yuan/ton. The near - far month spread was 40 yuan/ton, a week - on - week increase of 140 yuan/ton [10]. - **Spot Market**: As of June 13, 2025, the average price of battery - grade lithium carbonate was 60,650 yuan/ton, a week - on - week increase of 450 yuan/ton. The basis of the main contract was 710 yuan/ton, a week - on - week increase of 950 yuan/ton [17]. 3.3. Upstream Market - **Lithium Spodumene**: As of June 13, 2025, the average price of lithium spodumene concentrate (6% - 6.5%) was 697 US dollars/ton, a week - on - week decrease of 15 US dollars/ton [21]. - **Lithium Mica and Lithium Aluminum Phosphate**: As of June 13, 2025, the average price of lithium aluminum phosphate was 6,595 yuan/ton, a week - on - week increase of 55 yuan/ton. The average price of lithium mica (Li₂O: 2.0% - 3%) was 1,576 yuan/ton, a week - on - week increase of 21 yuan/ton [26]. 3.4. Industry Situation - **Supply Side**: As of April 2025, the monthly import volume of lithium carbonate was 28,335.89 tons, a month - on - month increase of 10,210.4 tons (56.33%) and a year - on - year increase of 33.63%. The monthly export volume was 734.289 tons, a month - on - month increase of 514.26 tons (233.72%) and a year - on - year increase of 112.99%. The monthly output was 47,900 tons, a month - on - month increase of 4,720 tons (10.93%) and a year - on - year increase of 2.68%. The monthly operating rate was 43%, a month - on - month decrease of 5% and a year - on - year decrease of 32% [31]. - **Demand Side** - **Intermediate Products**: As of June 13, 2025, the average price of lithium hexafluorophosphate remained flat week - on - week. The monthly output of electrolyte in April 2025 was 160,900 tons, a month - on - month increase of 4,000 tons (2.55%) and a year - on - year increase of 34.96%. The average price of lithium iron phosphate (power type) remained flat week - on - week. The monthly output of lithium iron phosphate cathode materials in April 2025 was 196,600 tons, a month - on - month increase of 18,000 tons (10.08%) and a year - on - year increase of 19.73%. The monthly operating rate was 47%, a month - on - month decrease of 10% and a year - on - year decrease of 8%. Some prices of ternary materials weakened, and the monthly output in April 2025 was 62,500 tons, a month - on - month increase of 8,450 tons (15.63%) and a year - on - year increase of 15.53%. The monthly operating rate was 53%, a month - on - month increase of 5% and a year - on - year decrease of 4%. The average price of lithium manganate remained flat week - on - week, and the monthly output in April 2025 was 10,500 tons, a month - on - month increase of 830 tons (8.58%) and a year - on - year increase of 46.65%. The average price of lithium cobaltate was 215,000 yuan/ton, a week - on - week decrease of 5,000 yuan/ton. The monthly output in April 2025 was 11,800 tons, a month - on - month increase of 4,630 tons (64.57%) and a year - on - year increase of 66.2% [34][37][42][47][50]. - **Application End**: As of May 2025, the penetration rate of new energy vehicles was 43.99%, a month - on - month increase of 1.25% and a year - on - year increase of 10.11%. The monthly output was 1,270,000 vehicles, a month - on - month increase of 1.52%, and the sales volume was 1,307,000 vehicles, a month - on - month increase of 6.61%. The cumulative export volume was 855,000 vehicles, a year - on - year increase of 64.74% [52][58]. 3.5. Options Market - The implied volatility of at - the - money lithium carbonate options is below the 50th percentile, and there is a possibility of increased volatility in the future. It is recommended to construct a long straddle option strategy to bet on increased volatility [61].

Group 1 - The meeting emphasized the importance of focusing economic development on the real economy, aiming to consolidate and enhance traditional industries [1] - There is a call for the widespread application of digital and green technologies, accelerating the transformation of production, management, and marketing models, as well as process reengineering [1] - The integration of modern service industries with advanced manufacturing is encouraged to revitalize traditional advantageous industries [1] Group 2 - The meeting advocates for the orderly development of strategic emerging industries and future industries [1] - It highlights the need for in-depth implementation of industrial renewal actions to foster the growth of startup companies, leading enterprises, and unicorn companies [1]