（文章来源：每日经济新闻） 她提到，当前，锂行业的韧性已展现出更强的活力，相信随着行业供需格局的改善，企业将迎来更大的 发展空间。 每经成都11月25日电（记者胥帅）11月25日，"2025年第二届中国国际锂业大会"在四川省成都市举行， 天齐锂业董事长蒋安琪在致辞中表示，锂行业在经历了供需失衡的竞争阵痛期后，通过政策有效引导和 技术创新升级，锂产业迎来了新的发展机遇。比如，受益于可再生能源并网需求、商用重卡等电动化设 备增速迅猛，储能领域和动力电池对基础锂材料的需求持续上涨，"预计2026年全球锂需求量达到200万 吨碳酸锂当量"。 ...

Financial Data and Key Metrics Changes - The company experienced a favorable pricing environment for lithium, with realized average prices increasing compared to the previous period [4] - The total capital expenditure (CAPEX) for 2025-2027 is estimated at $2.7 billion, reflecting a focus on increasing production capacity and maintaining low costs [7][45] Business Line Data and Key Metrics Changes - Lithium sales volumes reached the highest in SQM history, supported by low costs and strong efficiencies at Atacama operations [4] - Iodine prices averaged close to $73 per kilogram, with revenues increasing by 5% year-on-year [6] - The specialty plant nutrition business showed sustainable growth in both volumes and revenues [5] Market Data and Key Metrics Changes - Global lithium demand is expected to exceed 1.5 million metric tons in 2025, representing over 25% growth, with strong demand from electric vehicles and energy storage systems [11][52] - China is projected to maintain a significant lead in EV markets, with a year-on-year growth of 30% [11] Company Strategy and Development Direction - The company is focused on high-quality production, being a reliable supplier, and advancing cost reduction initiatives [4] - The construction of a seawater pipeline is over 80% complete, which will enhance iodine production capacity [5] - The company is expanding its iodine production capacity through a new operation in MarÃa Elena, adding 1,500 tons of iodine capacity [5] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about the lithium market, despite its volatility, and expects the positive pricing trend to continue [4] - The company anticipates robust commercial activity in the fourth quarter [5] - Management remains conservative regarding demand growth expectations for 2026, projecting over 1.7 million metric tons of lithium demand [32] Other Important Information - The joint venture with Codelco received approval from China's Antitrust Authority, and the company looks forward to advancing this partnership [8] - The company expects to produce approximately 230,000 tons of lithium from the Salar de Atacama this year [14] Q&A Session Summary Question: Insights on lithium demand, particularly in China - Management noted improved demand expectations driven by stronger-than-expected EV sales, particularly in Europe, and significant growth in battery storage shipments [11] Question: Production expectations for lithium in Chile and Australia - The company expects to produce around 230,000 tons of lithium from Atacama and increase spodumene concentrate production to 23,000-24,000 tons [14][16] Question: Impact of Kwinana Hydroxide Conversion Plant on pricing - Management indicated that as Kwinana ramps up, the realized price on an LCE basis is expected to rise closer to the Chilean price [18] Question: Update on production capacity in China - The company expects to produce around 100,000 metric tons of lithium sulfate in China, equivalent to 50,000 tons of lithium carbonate hydroxide [26] Question: CapEx reduction implications - The company clarified that the reduced CapEx will not impact capacity or projects, with a focus on maintaining strong financial health [30][43] Question: Expectations for iodine market conditions - Management indicated that supply and demand for iodine are tight, with prices expected to remain above $70 per kilogram due to limited supply growth [58]

Summary of Pilbara Minerals Conference Call Company Overview - **Company**: Pilbara Minerals (PLS) - **Industry**: Lithium Mining - **CEO**: Dale Henderson, who joined PLS in 2017 and became MD and CEO in 2022 [1] Key Points and Arguments Market Dynamics - The lithium market is characterized by volatility and rapid changes, with demand remaining strong despite recent price declines [11][12] - The transition from traditional energy to electrification is a significant industrial shift, indicating a long-term growth trajectory for lithium demand [11][40] - Recent pricing trends show lithium prices falling below the industry's cost base, leading to production cuts and project delays [12][14] Company Performance - FY 2025 was a landmark year for PLS, exceeding guidance on production, costs, and capital expenditures [5][6] - PLS maintained a strong balance sheet, closing the year with approximately $1 billion in cash [7] - The company completed a multi-year investment cycle, enhancing production capacity and processing capabilities [6][24] Strategic Initiatives - PLS expanded its resource base both locally and internationally, securing its first international asset in Brazil [6][8] - The company has established a joint venture with POSCO for lithium hydroxide production, diversifying its operations [33][35] - PLS is positioned to serve multiple markets, including Europe, North America, and Brazil, enhancing its strategic reach [9][36] Operational Excellence - PLS achieved record production levels and reduced unit costs by 10% quarter on quarter [24] - The company implemented the largest whole of ore lithium sorter globally, improving ore recovery and reducing costs [28][30] - The Pilgangoora asset was upgraded, increasing total resources by 23% in contained lithium [27] Future Outlook - The focus for FY 2026 will be on optimizing operations, advancing growth options, and maintaining strategic partnerships [39][40] - PLS aims to capture margins as prices rise, leveraging its scale and balance sheet strength [15][16] - The company is preparing for a potential new wave of lithium demand driven by advancements in technology and electrification [19][20] Additional Important Content - The lithium market is still developing, with unpredictable pricing and supply dynamics [12] - PLS's independence as the largest independent hard rock lithium producer provides a competitive advantage [10] - The company emphasizes disciplined investment and strategic positioning to navigate market volatility [41][42] This summary encapsulates the key insights from the conference call, highlighting Pilbara Minerals' strategic positioning, operational achievements, and outlook in the evolving lithium market.

Core Insights - The CEO of American chemical company Albemarle predicts that lithium demand will double by 2030 compared to levels in 2024 [1] Industry Summary - The forecast indicates a significant increase in lithium demand, highlighting the growing importance of lithium in various applications, particularly in electric vehicle batteries and renewable energy storage [1]