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 ...

新能源及有色金属日报 | 2026-02-26 津巴布韦锂矿遭禁运，碳酸锂震荡上行 市场分析 2026-02-25，碳酸锂主力合约2605开于164500元/吨，收于166480元/吨，当日收盘价较昨日结算价变化3.40%。当日 成交量为322727手，持仓量为377037手，前一交易日持仓量365180手，根据SMM现货报价，目前基差为-7230元/ 吨（电碳均价-期货）。当日碳酸锂仓单38525手，较上个交易日变化-330手。 碳酸锂现货：根据SMM数据，电池级碳酸锂报价158000-165500元/吨，较前一交易日变化9750元/吨，工业级碳酸 锂报价155000-161500元/吨，较前一交易日变化9750元/吨。6%锂精矿价格2250美元/吨，较前一日变化140美元/吨。 SMM方面消息，2月25日，津巴布韦矿业部宣布立即暂停所有原矿及锂精矿出口(含在途货物)，旨在加强矿产监管 与问责。未来仅持有效采矿权及获批选矿厂的企业具备出口资格，禁止代理及第三方贸易商出口。据SMM独家了 解，官方声明属实，原则上计划2027年禁止精矿出口；当前在津巴布韦当地拥有锂盐或硫酸锂生产产能的企业仍 可申请锂精矿出口许 ...

Core Viewpoint - The suspension of mining operations at CATL's Jiangxi Jianshawa mine is expected to impact lithium prices positively, as it is a significant source of lithium supply, leading to a surge in lithium stocks and prices [1][2][3]. Group 1: Impact of CATL's Mining Suspension - CATL confirmed the suspension of mining operations at its Jianshawa mine due to the expiration of its mining license, which is expected to affect the supply of lithium [2][3]. - The Jianshawa mine contributes approximately 10% of China's lithium carbonate production, with an annual capacity of around 100,000 tons of lithium carbonate equivalent (LCE) [3][6]. - The suspension has led to a significant increase in lithium prices, with carbonate futures reaching over 80,000 yuan per ton, reflecting a nearly 20% increase in a short period [2][4]. Group 2: Market Reactions and Future Expectations - Following the news, major lithium companies such as Tianqi Lithium and Ganfeng Lithium saw their stock prices surge, indicating strong market sentiment [1][2]. - Analysts suggest that the supply constraints may lead to increased production costs in the industry, as obtaining mining licenses has become more challenging [2][5]. - The overall lithium supply in 2023 is projected to be 1,047,800 tons LCE, a 34.8% increase from 2022, with lithium spodumene, lithium salt lakes, and lithium mica contributing 52%, 41%, and 7% respectively [5][6]. Group 3: Regulatory and Operational Challenges - Other lithium companies are also facing mining license renewals, indicating that CATL's situation is not isolated, with similar challenges reported in Qinghai province [6][7]. - A significant lithium salt lake company is currently in the process of renewing its mining license, which is crucial for maintaining its production capabilities [6][7]. - The market is advised to remain cautious, as the recovery of high-cost overseas lithium mines may not align with short-term price fluctuations, potentially affecting future supply dynamics [5][6].