Group 1 - Lithium stocks continue to rise, with Ganfeng Lithium up 3.47% at 58.1 HKD and Tianqi Lithium up 2.92% at 54.55 HKD [1] - On December 23, lithium carbonate futures prices surpassed 120,000 CNY per ton, with a daily increase of over 5%. As of the latest update, the main contract is priced at 124,360 CNY per ton [1] - CITIC Securities indicates that a major mica lithium mine in Jiangxi has delayed its resumption of production, which may push back the timeline further into January, affecting inventory levels and supporting price increases for the coming year [1] Group 2 - The China Nonferrous Metals Industry Association's lithium division released a report on the lithium industry's performance in November 2025, indicating a gradual increase in lithium carbonate futures prices and optimistic market expectations for future prices [1] - On the supply side, market inventory is decreasing, while lithium salt production has slightly declined, and lithium spodumene production has seen a minor increase [1] - On the demand side, there is a surge in sales of new energy vehicles before subsidy reductions, and energy storage performance is strong [1]

Core Viewpoint - Lithium stocks continue to rise, driven by increasing lithium carbonate futures prices and supply chain disruptions affecting production timelines [1] Group 1: Market Performance - As of the report, Ganfeng Lithium (01772) increased by 3.47% to HKD 58.1, while Tianqi Lithium (09696) rose by 2.92% to HKD 54.55 [1] - On December 23, lithium carbonate futures prices surpassed RMB 120,000 per ton, with a daily increase of over 5% [1] - The main contract for lithium carbonate further increased by over 5%, reaching RMB 124,360 per ton [1] Group 2: Supply Chain Insights - A major mica lithium mine in Jiangxi announced its first environmental assessment on December 18, leading to delays in production resumption, with no recovery expected in December and challenges anticipated in January [1] - The expectation of inventory accumulation during the off-season is further weakened, while low inventory levels are expected to support price increases in the coming year [1] - If the mine's resumption continues to be delayed, it may not support the demand during the second quarter peak season, amplifying the upward price elasticity of lithium [1] Group 3: Industry Outlook - The China Nonferrous Metals Industry Association's lithium division recently released a report on the lithium industry's performance for November 2025, indicating a gradual increase in lithium carbonate futures prices and greater volatility [1] - The third-quarter performance of lithium companies showed a rebound, with optimistic market expectations for future lithium prices [1] - On the supply side, market inventory is gradually decreasing, while lithium salt production has slightly declined, and lithium spodumene production has seen a minor increase [1] - On the demand side, there is a surge in sales of new energy vehicles ahead of subsidy reductions, and energy storage is performing well [1]

12月23日，碳酸锂期货价格突破 12万元/吨 关口，当日涨幅超5%，延续了近期的强劲涨势。 | 碳酸锂2605 lc2605 (2025-12-23 15:03:59) 交易所: 广期所 +加自选 | | --- | | 120360 ↑ | | 昨收:114380 最低:113800 卖出价:120360 持仓里:67.16万 日增:一316 6460 5.67% | 回顾来看，12月19日，江西省宜春招标网发布枧下窝锂矿环评第一次公示，根据行业流程，此次 公示后矿山仍需完成多部门审批并取得《安全生产许可证》方可投产，这一进度显著 不及 市场对 该矿短期复产的预期。 作为国内重要锂资源供应来源，枧下窝锂矿的复产节点一直是影响市场情绪的关键变量，此次公示 直接强化了供应端收缩预期，推动碳酸锂期货主力合约当日快速突破 11万元/吨 关口。 面对市场的快速波动，监管层迅速出手降温。 12月19日晚间，广州期货交易所宣布自23日起调 整 碳酸锂期货部分合约交易限额 ，以防范过度波动风险。 但政策调控并未扭转价格上行趋势， 23日碳酸锂价格仍实现超5%的涨幅并突破12万元/吨，可 见市场对锂价上涨的预期较强。 新能 ...

Core Viewpoint - UBS raised the target price for American Lithium from $107 to $185, upgrading the rating from "Neutral" to "Buy," anticipating a supply shortage in the lithium market starting in the second half of 2026, which is expected to drive lithium prices up [1] Group 1 - UBS's target price adjustment reflects a positive outlook on lithium demand and supply dynamics [1] - The upgrade in rating indicates increased confidence in the company's future performance and market position [1] - The anticipated supply shortage in the lithium market is a critical factor influencing the price forecast [1]

商报讯(记者叶晓珺)近期，"宁德时代（300750）重要矿山停产"相关消息引得市场热议频频，锂矿板块 迎来大爆发。昨日早盘，A股锂矿、盐湖提锂、稀有金属、锂电池等相关概念股集体走强，江特电机 （002176）、永杉锂业（603399）、盛新锂能（002240）、天齐锂业（002466）等多股强势涨停，中矿 资源（002738）、赣锋锂业（002460）等大幅跟涨；港股锂电池板块亦开启活跃，天齐锂业、赣锋锂业 股价双双大涨。 有消息显示，自8月10日起，宁德时代宜春枧下窝矿区矿山采矿端就不开展工作，且短期内没有复产计 划。对此，有机构研报分析称，此次停产利好较大，若矿端停产走向现实，则年内供需过剩格局将大幅 的改善，叠加积极的市场情绪，锂价有望进一步走强。碳酸锂供给收缩预期加剧，或迎来价值重估。 宁德时代旗下锂矿停产锂矿锂电股大爆发 港股方面，赣锋锂业涨20.91%，天齐锂业涨18.19%，洪桥集团涨14.04%，比亚迪电子涨6.15%，宁德时 代涨2.31%。 消息面上，昨日一早，宁德时代在互动平台表示，公司在宜春项目采矿许可证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，待获得批复后 ...