股票频道更多独家策划、专家专栏，免费查阅>> 责任编辑：栎树 | 代码 | 名称 | | 涨幅% ↓ | 总市值 | 年初至今涨幅% | | --- | --- | --- | --- | --- | --- | | 002756 | 永兴材料 | | 7.33 | 292亿 | 46.95 | | 000408 | 藏格矿业 | 1 | 4.30 | 1304亿 | 205.12 | | 001203 | 大中矿业 | 1 | 4.27 | 490 乙 | 277.09 | | 300769 | 德方纳米 | 1 | 3.98 | 130亿 | 25.33 | | 000688 | 国城矿业 | + | 3.93 | 326亿 | 131.45 | | 002738 | 中矿资源 | | 3.74 | 556亿 | 120.17 | | 601969 | 海南亚 | 1 | 3.58 | 225 乙 | 61.35 | | 000546 | 金圆股份 | | 3.37 | 54.82亿 | 43.00 | | 601168 | 西部矿业 | 1 | 3.28 | 637亿 | 77.20 | | 00246 ...

消息面上，今早碳酸锂期货2605合约一度涨4%，最高见118580元/吨。中国有色金属工业协会锂业分会 今日发布2025年11月锂行业运行情况。2025年11月，碳酸锂期货价格逐步抬升，波动逐步加大。锂企业 三季报业绩回升，市场对未来锂价预期乐观。供应端，市场库存逐步加速去化，宁德时代（300750）旗 下锂矿消息仍形成扰动，锂盐产量小幅下跌，锂辉石提锂产量小幅增加，锂云母提锂产量小幅下跌。需 求端，新能源车在补贴退坡前抢销量，储能表现亮眼。 锂业股延续涨势，截至发稿，赣锋锂业（002460）(01772)涨5.28%，报56.8港元；天齐锂业（002466） (09696)涨4.23%，报54.15港元。 ...

12月23日，中国有色金属工业协会锂业分会发布2025年11月锂行业运行情况。其中指出，2025年11月，碳酸锂期货价格逐步抬升，波动逐步加 大。锂企业三季报业绩回升，市场对未来锂价预期乐观。供应端，市场库存逐步加速去化，宁德时代旗下锂矿消息仍形成扰动，锂盐产量小幅下 跌，锂辉石提锂产量小幅增加，锂云母提锂产量小幅下跌。需求端，新能源车在补贴退坡前抢销量，储能表现亮眼。 一、锂产品价格 2025年11月，国内碳酸锂价格中枢明显抬升。电池级碳酸锂价格从月初的81000元/吨上涨至月末的92000元/吨，上涨13.58%；工业级碳酸锂价格 从月初的80000元/吨上涨至月末的92000元/吨，上涨15.00%；碳酸锂期货主力合约收盘价从月初的82280元/吨上涨至月末的96420元/吨，上涨 17.19%，月末期现价差为4420元/吨。 图 1 11月碳酸锂期现价格(元/吨) 11月，国内氢氧化锂价格上升。氢氧化锂价格从月初的77000元/吨上涨至月末的81500元/吨，上涨5.84%。 图 2 11月氢氧化锂价格(元/吨) 市场成交方面，11月，碳酸锂期货日均成交量为134.9万手，比上月上涨70.4万手；日均 ...

消息面上，宁德时代枧下窝锂矿复产进度涉及环评、矿权变更、安全许可、复产准备等流程，其中矿权变更是当前核心卡点——该矿需将主矿种从陶瓷土 变更为锂矿，涉及重新评估储量、补缴约2.47亿元采矿权出让收益；通过时间节点推演，乐观情况下该矿2026年6月或可试生产，保守情况下则要顺延至9 月。换言之，该矿2026年上半年难形成实质性供应压力、短期锂价上涨动力较强。 此外，宜春市自然资源局日前发布关于拟公告注销27个采矿权的公示，注销后，生态修复等相关义务由原矿权人履行。 紧盯盘中热点轮动，捕捉板块异动信号，把脉主力资金动向。 12月22日早盘，碳酸锂主力合约盘中大涨，一度站上116460元/吨的高位，创下该合约年内最高价，截至午间收盘，涨5.16%。同花顺锂板块涨近3%，天 齐锂业、盛新锂能、融捷股份涨幅居前。 | | | 碳酸锂主连 | CG Q | | | --- | --- | --- | --- | --- | | | | lcm 广期所 ▼ | | | | 115680 → | | 109000 最高 | 116460 最低 109000 | | | 5.16% | 总手 5680 | 57.5万 持仓 | ...

锂业股早盘继续走高，截至发稿，天齐锂业（002466）(09696)涨6.01%，报52.75港元；赣锋锂业 （002460）(01772)涨4.65%，报54港元。 消息面上，12月22日早，广期所碳酸锂主力合约再涨近5%，现报115300元/吨。据期货日报，江西省宜 春招标网发布《江西省宜丰县圳口里-奉新县枧下窝锂矿采矿项目环境影响评价第一次环评信息公 示》，对宜春时代新能源矿业有限公司的江西省宜丰县圳口里-奉新县枧下窝锂矿采矿项目进行第一次 环评信息公示。北京市京师律师事务所矿产资源法律事务部主任曹旭升表示，这是众多办证流程中的正 常审批环节之一，若想正常开采，后续还需办理一系列申请、审查、备案、审批等手续。 华创证券认为，宜春枧下窝锂矿复产进度或低于预期，枧下窝矿采矿许可证8月9日到期后已暂停了开采 作业，正按相关规定尽快办理采矿证延续申请，随着环评公示的开展，以及后续审批手续的办理，复产 或将延后至2026年上半年，加剧了当前锂供应紧张的局面，锂价上涨获强势支撑。 ...

消息面上，12月22日早，广期所碳酸锂主力合约再涨近5%，现报115300元/吨。据期货日报，江西省宜 春招标网发布《江西省宜丰县圳口里-奉新县枧下窝锂矿采矿项目环境影响评价第一次环评信息公 示》，对宜春时代新能源矿业有限公司的江西省宜丰县圳口里-奉新县枧下窝锂矿采矿项目进行第一次 环评信息公示。北京市京师律师事务所矿产资源法律事务部主任曹旭升表示，这是众多办证流程中的正 常审批环节之一，若想正常开采，后续还需办理一系列申请、审查、备案、审批等手续。 智通财经APP获悉，锂业股早盘继续走高，截至发稿，天齐锂业(09696)涨6.01%，报52.75港元；赣锋锂 业(01772)涨4.65%，报54港元。 华创证券认为，宜春枧下窝锂矿复产进度或低于预期，枧下窝矿采矿许可证8月9日到期后已暂停了开采 作业，正按相关规定尽快办理采矿证延续申请，随着环评公示的开展，以及后续审批手续的办理，复产 或将延后至2026年上半年，加剧了当前锂供应紧张的局面，锂价上涨获强势支撑。 ...

锂行业观点交流 20251221 摘要 储能需求强劲是锂价上涨的主要驱动力，尤其是在传统淡季 12 月仍保 持增长态势，环比可能略有增长，抵消了季节性影响。 非洲矿山增量不及预期，叠加尼日利亚地缘政治风险，加剧市场对锂供 应的担忧，构成锂价上涨的另一重要因素。 宁德时代浅下窝矿产复产进程延迟，环评公示推迟至春节后，改变了市 场对锂供需平衡的预期，推动价格突破 11 万元/吨。 下游企业对 9 万元/吨以上锂价的接受意愿降低，采购节奏放缓，但储能 电池需求依然强劲，库存管理压力促使企业利用现有库存应对价格上涨。 2026 年中国电动车市场预计增长 19%，储能电池消费量预计增长 40% 以上，达到 800GWh 以上，储能市场正从政策驱动转向经济驱动。 储能装机量与发货量存在时间差，国内约 9 个月，海外超 1 年，当年装 机数据反映的是前期发货量，当前发货增长将影响明年装机。 预计 2026 年碳酸锂需求增量为 38 万吨，总供应基本能满足需求，但 若储能需求超预期，供需平衡仍需观察。长期来看，2028 年后可能面 临显著供应不足。 Q&A 最近两周锂价出现了超预期的加速上涨，目前已达到约 11 万元。您如何 ...

1. Report Industry Investment Rating - No relevant information provided 2. Core Viewpoints - The lithium carbonate futures rose, with the intraday gain of the main contract approaching the daily limit. The market continued to trade on the disturbance in Yichun's mining end. After the market on Tuesday, Jiangte Motor announced the proposed cancellation of its Shiziling mining area, which pushed up the lithium price. The 05 - 01 spread narrowed to 1800, and the prices in the industrial chain showed a stable upward trend. With the short - term supply - side disturbance, the market's bullish sentiment was high, breaking through the previous high, and a new round of upward trend in lithium prices was expected [11]. 3. Summary by Directory 3.1. Market Review and Operation Suggestions - The lithium carbonate futures rose, and the intraday gain of the main contract almost hit the daily limit. The market focused on the mining - end disturbance in Yichun. After the market on Tuesday, Jiangte Motor's announcement of the proposed cancellation of the Shiziling mining area led to the high - opening and high - walking of the lithium price during the day. The 05 - 01 spread narrowed to 1800. The spot price of electric carbon increased by 1200 to 97050, the price of spodumene rose by 70 to 1330, the price of lepidolite increased by 85 to 2785, the price of ternary materials increased by 200 - 300, and the price of lithium iron phosphate rose by 280 - 295. The upward trend in the industrial chain was stable, and the lithium price was expected to continue rising [11]. 3.2. Industry News - A joint report by global consulting firm Kearney and the World Economic Forum showed that the global lithium supply can only meet one - third (35%) of the predicted demand in 2035. The report warned that the pace of global electrification, digitalization, and emission reduction is faster than the supply speed of mineral resources. The lithium supply needs to more than double by 2035, and the production of rare - earth elements and copper must increase by over 50%. By 2035, electric vehicles will account for 86% of the total lithium demand, 55% of the cobalt demand, and one - third of the total rare - earth consumption. Even if all announced projects are implemented, existing mines and smelters can only meet 35 - 45% of the predicted demand for lithium and graphite. There is a significant time mismatch in the value chain due to the long development cycle (10 - 20 years) of new mining projects compared to the 1 - 3 - year scale - up time for battery and motor factories. To achieve electrification goals, 60 million kilometers of transmission lines need to be newly built or replaced by 2035, and the grid infrastructure will account for 22% of the global copper demand, 29% of the vanadium demand, and 7% of the lithium demand [12]. - J.P. Morgan's latest report predicted that the average price of lithium carbonate in 2026 will be $17,500 per ton, a 43% increase from the previous forecast, and $22,000 per ton in 2027, a 66% increase. It is estimated that the lithium production of Chilean lithium producer SQM in 2026 will reach 275,000 tons of lithium carbonate equivalent, with 250,000 tons from Chile and 25,000 tons from Australia. The demand for energy - storage system batteries in 2026 is expected to reach 900 gigawatt - hours, a 17% increase from the previous forecast, and energy - storage systems will account for 34% of the total lithium demand in 2026, rising to 42% by 2030 [12]. - The Yichun Natural Resources Bureau recently issued a public notice on the proposed cancellation of 27 mining rights, which attracted wide attention in the domestic lithium - battery industry, and some involved enterprises raised objections. Jiangte Motor's Shiziling mining area in Yifeng County, Jiangxi Province, is one of the 27 mining rights to be cancelled. On the evening of December 16, Jiangte Motor announced that it had submitted an objection application to the Yichun Natural Resources Bureau, proposed relevant solutions, and tried its best to renew the mining license for the Shiziling mining area. The company also stated that the notice is a proposed cancellation notice, and the final decision depends on the Yichun Natural Resources Bureau. The company obtained the mining license for the Shiziling mining area in 2014 and renewed it in 2019, with an annual production scale of 1.2 million tons and a mining area of 0.1114 square kilometers [13].

2）12月，宜春市自然资源局发布《关于拟公告注销27个采矿权的公示》，拟注销27宗采矿权，涉及江特电机等企业旗下含锂矿山，引发市场对锂矿供给收 缩的预期； 一、行情 12月17日，锂电池板块迎来逆势走强，金圆股份、天际股份涨停，天华新能、德福科技、大中矿业、盛新锂能、华盛锂电等集体大涨。 | 锂电池 | +1.16% | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 理由 | | 宜春27宗采矿权注销,碳酸锂期货大涨 | | | | | | | 股票名称 | | 最新价 = | 涨跌幅 = | 涨停时间 ◆ | 换手率 = | 流通市值 = | 解读 | | | | | | | | | 公司新能源材料业务构建了上游锂资源 | | 美圆股份 000546.SZ | 4天2板 | 6.75 | +9.93% | 09:33:30 | 8.43% | 47.03 Z | 池回收利用为一体的循环经济体系，已 根廷卡塔马卡省、萨尔塔省布局锂资源 | | | | | | | | | 年产2000吨碳酸锂产线的建设 | | | | | | | ...

Core Viewpoint - UBS upgraded Albemarle Corporation (ALB.US) from "Neutral" to "Buy" with a target price increase from $107 to $185, citing rising energy storage demand and a slowdown in production capacity growth in Western countries, which may lead to a lithium market shortage in the second half of 2026, setting the stage for a potential surge in lithium prices in 2027 [1] Group 1 - Albemarle's stock price rose 4% in pre-market trading to $130.2, following a more than 5% increase last Friday [1] - UBS anticipates that the increase in lithium prices driven by battery metal demand will boost Albemarle's profitability, suggesting that now is an opportune time to buy the stock [1]