新能源及有色金属日报 | 2026-02-27 津巴布韦锂矿事件发酵，碳酸锂震荡上行 市场分析 2026-02-26，碳酸锂主力合约2605开于187000元/吨，收于173660元/吨，当日收盘价较昨日结算价变化3.47%。当日 成交量为402461手，持仓量为375204手，前一交易日持仓量377037手，根据SMM现货报价，目前基差为-3540元/ 吨（电碳均价-期货）。当日碳酸锂仓单38451手，较上个交易日变化-74手。 碳酸锂现货：根据SMM数据，电池级碳酸锂报价168000-178000元/吨，较前一交易日变化11250元/吨，工业级碳酸 锂报价165000-174000元/吨，较前一交易日变化11250元/吨。6%锂精矿价格2390美元/吨，较前一日变化140美元/ 吨。海关总署数据显示，2025年12月我国碳酸锂进口总量约为2.4万吨，环比+8.77%，同比-14.43%。2025年12月锂 辉石进口量约76.6万吨，环比+5%，同比+19%。2025年12月从澳大利亚进口量31万吨，同比-5%，环比-27%，占 比40%；12月从津巴布韦进口量13.2万吨，同比+39%，环比+20%，占比 ...

生意社02月23日讯 | 当日价 | 145000.00 | | --- | --- | | 日涨幅 | 0.00% | | 一年位置 | 中高位 | | 最小值 | 59900.00 | | 最大值 | 172000.00 | | 中位值 | 115950 | | 顶位差 | -27000 | | 底位差 | 85100 | | 平均值 | 85674.61 | | 警戒 | 1年超涨 2年超涨 | (文章来源：生意社) 新浪合作大平台期货开户 安全快捷有保障 2月23日，生意社碳酸锂(电池级)基准价为145000.00元/吨，与本月初(150000.00元/吨)相比，下降了 3.33%。 ...

Core Insights - The benchmark price for industrial-grade lithium carbonate is reported at 117,033.33 CNY per ton as of January 2, remaining stable since the beginning of the month [1]. Price Summary - Current price: 117,033.33 CNY per ton [3] - Daily change: 0.00% [3] - Price position over the past year: High [3] - Minimum price over the year: 58,166.67 CNY [3] - Maximum price over the year: 120,033.33 CNY [3] - Median price: 89,100 CNY [3] - Price deviation from peak: -3,000 CNY [3] - Price deviation from trough: 58,866.66 CNY [3] - Average price over the year: 74,144.13 CNY [3] - Warning indicators: 1-year and 2-year price surges [3]

Group 1 - The benchmark price of battery-grade lithium carbonate is 119,400.00 CNY per ton as of January 2, remaining stable since the beginning of the month [1] - The daily price change is 0.00%, indicating no fluctuation in the price on that day [3] - The price is currently at a high position for the year, with a minimum value of 59,900.00 CNY and a maximum value of 122,066.67 CNY recorded [3] Group 2 - The median price for lithium carbonate is 90,983.34 CNY, while the average price stands at 75,996.01 CNY [3] - There is a top price deviation of -2,666.67 CNY and a bottom price deviation of 59,500 CNY, indicating the range of price fluctuations [3] - The warning indicates that there has been an excessive increase in prices over the past year and the past two years [3]

Group 1: Report Industry Investment Rating - The report suggests a mid - term bullish stance on the lithium carbonate industry [3] Group 2: Report's Core View - Terminal demand (energy storage + new energy vehicles) is in the peak season, material production is basically flat, the social inventory transfer chain is smooth. The environmental assessment of the Shixiawo mine is in progress, and the supply pressure is alleviated. Demand provides mid - term support for lithium carbonate prices [3] Group 3: Summary of Related Catalogs Lithium Compounds - SMM battery - grade lithium carbonate has an average price of 97,650 with a rise of 100; SMM industrial - grade lithium carbonate has an average price of 95,050 with a rise of 100 [1] Lithium Futures Contracts - The closing price of lithium carbonate 2601 is 109,720 with a daily gain of 3.92%; lithium carbonate 2602 is 109,740 with a 3.94% gain; lithium carbonate 2603 is 109,940 with a 3.66% gain; lithium carbonate 2604 is 111,180 with a 3.52% gain; lithium carbonate 2605 is 111,400 with a 3.86% gain [1] Lithium Ore - Lithium spodumene concentrate (CIF China) has an average price of 1,318 with a drop of 8; lithium mica (Li20: 1.5% - 2.0%) is 1,825, lithium mica (Li20: 2.0% - 2.5%) is 2,835 with a rise of 10; phospho - lithium - aluminum stone (Li20: 6% - 7%) is 10,425, phospho - lithium - aluminum stone (Li20: 7% - 8%) is 11,800 [1][2] Cathode Materials - The average price of lithium iron phosphate (power type) is 40,285 with a rise of 25; ternary material 811 (polycrystalline/power type) is 163,400 with a rise of 100; ternary material 613 (single - crystal/power type) is 146,300 with a rise of 100 [2] Price Spreads - The price spread between battery - grade and industrial - grade lithium carbonate is 2,600 with no change; the spread between battery - grade lithium carbonate and the main contract is - 13,750 with a decrease of 5,140; the spread between the near - month and the first - continuous contract is - 20 with an increase of 120; the spread between the near - month and the second - continuous contract is - 220 with an increase of 120 [2] Inventory - The total weekly inventory is 110,425 tons with a decrease of 1,044 tons, including 18,090 tons in smelters (a decrease of 1,071 tons), 41,485 tons in downstream (a decrease of 1,253 tons), and 50,850 tons in others (an increase of 1,280 tons). The daily registered warehouse receipts are 15,511 tons with a decrease of 17,447 tons [2] Profit Estimation - The cash cost of purchasing lithium spodumene concentrate is 103,940 with a profit of - 7,653; the cash cost of purchasing lithium mica concentrate is 100,023 with a profit of - 6,161 [3]

Core Viewpoint - Huang Shilin, the third-largest shareholder of CATL, is cashing out again, with a planned transfer of shares that will exceed 17.1 billion yuan, indicating a significant liquidity event for the company [1][2] Group 1: Share Transfer Details - CATL announced a share transfer price of 376.12 yuan per share, with a total of 45.6324 million shares to be transferred, fully subscribed by 16 institutional investors [1] - The share transfer is a non-public transfer, and the acquired shares cannot be transferred for six months post-acquisition [1] - The effective subscription amount for the transfer was 146.5 million shares, resulting in a subscription multiple of 3.2 times [1] Group 2: Market Reaction and Valuation - Following the announcement, CATL's stock price fell by 3.3%, closing at 390.78 yuan [1] - Market participants noted that the transfer price was not significantly discounted, indicating that CATL remains a high-quality asset [1] Group 3: Historical Context and Future Considerations - This is not the first time Huang Shilin has reduced his stake; he previously sold shares between January and June 2022, with prices fluctuating between 180 yuan and 330 yuan [2] - Approximately 77.5 million shares from CATL's H-share IPO cornerstone investors will be unlocked on November 20, 2025, with a market value exceeding 40 billion HKD [2] - Industry risks include the potential restoration of the new energy vehicle purchase tax in 2026 and rising lithium carbonate prices, which have surged by 63% compared to six months ago [2]

Core Insights - The price of battery-grade lithium carbonate remains stable, with an average price reported at 73,250 yuan per ton as of October 9 [1] Group 1 - The data was released by Shanghai Steel Union, indicating no change in price compared to the previous day [1]

Group 1 - The core point of the article is that the price of battery-grade lithium carbonate remains stable, with an average price reported at 71,500 yuan per ton as of September 12 [1] Group 2 - The data was released by Shanghai Steel Union, indicating no change in price compared to the previous day [1] - The stability in lithium carbonate prices may reflect current market conditions and demand dynamics in the battery materials sector [1]

Group 1: Lithium Mining Operations - Company holds over 100 million tons of lithium resources, with the Qikeng lithium mine being the most significant asset [1] - Qikeng lithium mine has a mining license covering an area of 1.3826 square kilometers, with an average Li2O grade of 0.44%, amounting to a resource reserve of 72.93 million tons; if calculated at an average grade of 0.39%, reserves reach 126.67 million tons [1] - The Qikeng lithium mine is the first lithium mica-type mining license issued by the Ministry of Natural Resources in China, with a mining duration of 30 years, which is crucial for the company's lithium industry development [1] Group 2: Robotics Industry Engagement - Company is focusing on the humanoid robot industry as a historic development opportunity, emphasizing the importance of this sector [2] - Company is developing joint modules for humanoid robots through its subsidiary, Weier (Shenzhen) Intelligent Drive Co., Ltd., while also collaborating with leading robot companies and component suppliers to enhance product and supply chain quality [2]

Core Viewpoint - Jiangte Electric announced that its stock price has deviated significantly, with a cumulative increase of over 20% in the last three trading days, indicating abnormal trading activity. The company stated that there have been no significant changes in its operational situation or external business environment [1]. Group 1: Company Operations - The company, along with its controlling shareholders and actual controllers, confirmed that there are no undisclosed significant matters related to the company, nor are there any major matters in the planning stage [1]. - Jiangte Electric holds or controls over 100 million tons of lithium ore resources, with the Qikeng lithium mine being the most important, having obtained a mining license for an area of 1.3826 square kilometers. The average Li2O grade is calculated at 0.44%, with a mineral resource reserve of 72.93 million tons. If the average Li2O grade is calculated at 0.39%, the mineral resource reserve reaches 126.67 million tons, classifying it as a large lithium mine [1]. Group 2: Industry Trends - There is a heightened market interest in lithium carbonate prices and the lithium battery industry, which may be influencing the company's stock performance [1]. - The humanoid robot industry presents a historic development opportunity for the company, which is focusing on developing joint modules for humanoid robots through its subsidiary, Weier (Shenzhen) Intelligent Drive Co., Ltd. The company is also actively collaborating with leading robot companies and component suppliers to enhance product and supply chain quality and advantages [1].