利润估算 种类 外购锂辉石精矿现金成本 68690 R 利 tt 王 外购锂辉石精矿利润 910 74022 外购锂云母精矿现金成本 外购锂云母精矿利润 -6048 小 行 江特电机:关于子公司宣春银锂停产检修的公告 宜春银锂预计于2025年7月25日对产线进行设备检修, 预计检修时间26天左7 银锂的全部锂盐生产线 最 H 受江西矿山供应端传闻扰动,价格快速冲高。当前价位下,现货下游接受度不高,实际成交量少。短期内,市场情绪偏强、小作文频出, 后基本面矛盾和套保压力的定价权重或将抬升,产业方可考虑逢高套 xili 员 免 告中的信息均源于公开可获得的资料、国贸期货力求准确可靠。但不对上述信息的准确性及完整性做任何保证。本报告不构成个人投资建 对个别投资者特殊的投资目标、财务状况或需要，投资者需自行判断本报告中的任何意见或建议是否符合其特定状况，据此投资，责任自负。本报告仅向 特定客户推送，未经国贸期货授权许可，任何引用、转载以及向第三方传播的行为均构成对国贸期货的侵权,我司将视情况追究法律责任。 l TC国贸期货 世界500强投资 国贸期货有限公司 流的衍生品综合服务商 H www.itt.com. 48 ...

巴西矿山年初至今生产稳定，后续Neves项目15万吨产能即将落地，且 Sigma Lithium 计划于四季度完 成扩产，巴西矿山或贡献部分精矿增量。 国内方面，年初至今，矿山产量实现30%以上的增长，预计下半年国内矿山将维持增产趋势。 今年以来，国内外碳酸锂资源端项目顺利落地，冶炼产能快速提升，而需求端增长不及预期，导致碳酸 锂供应过剩加剧，库存持续累积。随着矿山环节成本削减及冶炼环节技改加速，成本支撑逻辑崩塌，碳 酸锂期价快速下行。 矿石供应短期增长 今年在矿价持续下行过程中，澳大利亚锂矿整体生产维持稳定。从澳大利亚主要矿山披露的成本线来 看，当前矿石价格尚未触及成本区间，短期内较难出现大规模减停产，仅Cattlin矿山停产造成小幅减 量。展望后市，矿石价格仍有下行空间，澳大利亚主要矿山的减停产时间点可能出现在四季度前后。 从非洲矿山来看，Goulamina、Bougouni矿山近期投产，合计锂辉石精矿产能约62万吨/年，是今年矿石 增量的主要来源。后续非洲Kamativi矿山15 万吨扩产产能计划落地，加之Zulu矿山短期内即将投产，非 洲矿山增产空间较大。 海外动力方面，今年欧盟新能源汽车需求加速增长 ...

Group 1 - Lithium carbonate main contract prices rose sharply, reaching a peak of 69,980 yuan/ton before closing at 67,960 yuan/ton, reflecting a 2.47% increase [1] - Analysts believe that supply-side disturbances and a continuous decrease in exchange warehouse receipts are the main factors driving recent price increases, while the overall supply remains sufficient [1] - Despite being a traditional off-season for demand, downstream orders are still relatively stable, indicating a less pronounced seasonal effect [1] Group 2 - Cangge Mining announced a halt in lithium resource development activities, affecting a production line with a monthly capacity of approximately 1,200 tons of lithium carbonate equivalent, but the overall impact on the domestic lithium carbonate market supply is limited [2] - Domestic lithium carbonate production plans for July are projected to be 79,300 tons, a 7.1% increase month-on-month, with high operating rates maintained in Jiangxi and stable output in Qinghai [2] - Some manufacturers are experiencing increased orders and production enthusiasm, despite planned maintenance on certain spodumene production lines [2] Group 3 - Market sentiment is significantly driven by disturbances at the mining end, with lithium prices remaining strong, although downstream material manufacturers show little intention to actively replenish stocks [3] - The recent price increases are primarily driven by supply-side disturbances, with limited actual impact on the fundamentals, suggesting a cautious approach in the short term [3] - Continuous reduction in warehouse receipts and rising lithium ore prices, combined with various market news disturbances, are stimulating price increases, while long-term hedging pressures may arise [3]