【导读】亚洲股市暴涨 大家好，今天的市场，震荡上涨，一起看看发生了什么事情。 亚洲市场大涨，日韩股市创下新高 9月10日，日经225指数收盘上涨378.38点，涨幅为0.87%，报43837.67点。韩国KOSPI指数收盘上涨54点，涨幅为1.68%，报3314.66点。 二者均创收盘历史新高。台股上涨1.5%，创历史新高。 有分析指出，全球股市上涨，主要受科技股再度走强以及市场寄望美联储降息以缓解就业市场下行压力的推动。MSCI亚太指数距离 2021年创下的纪录仅差2%，全球股票基准指数连续第六天上涨，再创新高。 在最新迹象显示劳动力市场降温后，投资者正关注未来几天即将公布的通胀数据，这些数据将对下周的美联储会议以及2025年的降息路 径起到关键作用。货币市场预计今年美联储可能降息2至3次。美国生产者物价指数（PPI）和消费者物价指数（CPI）本周将公布。 分析师表示："从当前的风险偏好来看，市场似乎相信这足以保护美国经济免于陷入衰退。但如果通胀数据过热，情况将变得复杂，迫 使美联储在劳动力市场和价格稳定之间做出艰难取舍。" 韩国KOSPI指数大涨，三星电子和SK海力士是主要推手。今年以来该指数已上涨逾38 ...

1. Report Industry Investment Rating - Not provided in the given content 2. Core Viewpoints of the Report - In the short term, the lithium carbonate futures price may continue its weak and volatile trend. The previous price increase in the market has already factored in all current positive factors. The market is currently strongly influenced by the expected resumption of production at the Jiangxi supply - end. Over the next 1 - 2 weeks, the lithium carbonate market may continue to trade around this event, and key price levels and changes in positions need to be closely monitored [3]. - In September, the market shows a situation where both supply and demand are growing, but the demand growth rate is faster, and it is expected that there will be a temporary supply shortage during the month [6]. - In the next one to two weeks, the market may maintain a low - level shock. Although the supply is tightening, the demand growth rate may slow down. There is a wait - and - see sentiment in the market, and the lack of clear upward momentum in the short term is limited by the declining inventory and strengthening basis [31]. 3. Summary by Relevant Catalogs 3.1 Day - to - day Market Summary - On September 9, the main contract of lithium carbonate closed at 72,900 yuan/ton, down 2.54% from the previous trading day, continuing the weak and volatile pattern. The basis strengthened significantly by 1,900 yuan to 1,600 yuan/ton. The trading volume of the main contract decreased sharply by 24.38% to 592,000 lots, and the open interest shrank by 3.51% to 351,000 lots [1]. 3.2 Analysis of Industrial Chain Supply - Demand and Inventory Changes - **Supply side**: The domestic lithium carbonate capacity utilization rate remained stable at 66.41%, but the proportion of lithium carbonate produced from spodumene raw materials exceeded 60%, while the proportion of lithium mica decreased to 15%, possibly affected by the suspension of production at Ningde Times' Yichun mining area and the expansion project of lithium extraction from salt lakes [2]. - **Demand side**: The demand for new energy vehicles has moderately recovered. In August, the retail penetration rate of new energy vehicles reached 55.3%. The demand for cobalt - acid lithium and cobalt tetroxide has increased. However, ternary material manufacturers have limited acceptance of high - priced raw materials, and the price of power - type lithium iron phosphate remained at 33,895 yuan/ton. The procurement of cathode materials was relatively cautious [2]. - **Inventory and warehouse receipts**: Lithium carbonate inventory has declined for two consecutive weeks to 140,100 tons. The reduction in warehouse receipts confirms the marginal improvement in supply - demand, but the slow pace of destocking indicates that the restocking intensity during the peak season is lower than expected [2]. 3.3 Price Trend Judgment - In the short term, the lithium carbonate futures price may continue its weak and volatile trend. The market has already priced in all current positive factors. The expected resumption of production at Jiangxi's supply end has a significant impact on the market. Over the next 1 - 2 weeks, the lithium carbonate market may continue to trade around this event, and key price levels and changes in positions need to be closely monitored [3]. 3.4 Industrial Chain Price Monitoring - On September 9, 2025, the main contract of lithium carbonate was 72,900 yuan/ton, down 1,900 yuan or 2.54% from the previous day. The basis was 1,600 yuan/ton, up 1,900 yuan or 633.33%. The open interest of the main contract was 351,340 lots, down 3.51%, and the trading volume was 591,675 lots, down 24.38%. The market price of battery - grade lithium carbonate remained unchanged at 74,500 yuan/ton [5]. 3.5 Industry Dynamics and Interpretations - **Spot market quotes**: On September 9, the SMM battery - grade lithium carbonate index price was 74,589 yuan/ton, up 94 yuan/ton from the previous working day. The market was in the peak demand season, and there was still rigid demand from downstream. However, with the upward adjustment of the futures price this week, downstream procurement activities slowed down slightly compared to last week. The supply side showed a structural differentiation [6]. - **Downstream consumption situation**: According to preliminary statistics from the Passenger Car Association, from August 1 - 31, the retail sales of new energy vehicles in the national passenger car market were 1.079 million, a year - on - year increase of 5% and a month - on - month increase of 9%. The retail penetration rate of the new energy market was 55.3%. The cumulative retail sales this year were 7.535 million, a year - on - year increase of 25% [7]. - **Industry news**: - Since the official suspension of production at Ningde Times' Jiangxi Yichun Jianxiaowo mining area on August 10, the "butterfly effect" has spread throughout the entire industrial chain [8]. - On August 18, Lanxiao Technology won the bid for the adsorption system of the expansion and renovation project of the comprehensive utilization of old brine for lithium extraction from Lop Nur Salt Lake of SDIC Xinjiang Lithium Industry Co., Ltd., with a bid amount of 35.7712 million yuan [9]. - On August 15, Ningde Times' Jianxiaowo mining area announced a suspension of production due to the expiration of the mining license, which would directly affect the price of lithium carbonate. Eight local mines in Yichun needed to re - apply by September 30 [9].

Core Viewpoint - The Chinese lithium mine, which had halted production, is preparing to resume operations faster than expected, leading to a decline in the stock prices of major battery metal producers [1][2]. Group 1: Production Resumption - The Jianshawa lithium mine, a key project in Yichun, China, is set to resume production, which is seen as a market sentiment indicator [1]. - Despite the expiration of the mining license causing a previous halt, there are indications that production may restart sooner than anticipated [1]. Group 2: Market Impact - The announcement of the mine's planned resumption has resulted in significant stock price drops for major lithium producers, with SQM and Albemarle experiencing declines of 8.8% and 11% respectively [1]. - Analysts from Jefferies noted that the early resumption of the Jianshawa mine could disrupt the market rebalancing process in the short term [1]. Group 3: Regulatory Context - The halt in production was initially interpreted as part of a national policy to control overcapacity, reflecting a shift towards supply-side discipline [1]. - There is ongoing uncertainty regarding the issuance of a new mining license by local authorities, although the company anticipates an early recovery of production [1].

Report Industry Investment Rating - Unilateral: Cautiously bearish [4] - Inter - period: None [4] - Cross - variety: None [4] - Spot - futures: None [4] - Options: Buy put options [4] Core Viewpoints - The futures market of lithium carbonate may decline due to the news of mine restart and weak overall commodity sentiment. The price will gradually return to the fundamentals if the previously shut - down mines resume production [2][3]. Summary by Related Content Market Analysis - On September 9, 2025, the main contract 2511 of lithium carbonate opened at 74,740 yuan/ton and closed at 72,900 yuan/ton, a - 2.62% change from the previous settlement price. The trading volume was 591,675 lots, and the open interest was 351,340 lots (364,137 lots the previous day). The current basis was - 300 yuan/ton, and the number of lithium carbonate warehouse receipts was 38,101 lots, a change of 650 lots from the previous day [2]. - According to SMM data, the price of battery - grade lithium carbonate was 73,700 - 75,500 yuan/ton, and industrial - grade lithium carbonate was 71,750 - 72,950 yuan/ton, both unchanged from the previous day. The price of 6% lithium concentrate was 850 US dollars/ton, also unchanged. The market is in the peak demand season with downstream rigid demand, but procurement activities slowed slightly this week as the futures price rebounded. The supply side shows a structural differentiation, with lithium carbonate produced from spodumene accounting for over 60% and that from lepidolite dropping to 15%. In September, supply and demand are both increasing, but demand is growing faster, and overall supply is expected to be tight [3]. Strategy - The futures market declined significantly after oscillation, affected by weak commodity sentiment and the possible approval of Jiangxi manufacturers. The short - term spot supply - demand pattern is good, with reduced inventory and production. If the previously shut - down mines resume production, the price will return to fundamentals, and the futures market may decline. Attention should be paid to mine operation, and participants should manage risks [3].

Group 1 - The report highlights a significant decline in US Treasury yields, driven by rising global risk aversion and expectations of a potential interest rate cut by the Federal Reserve due to weakening economic data [7][9][27] - European long-term government bond yields have reached near-decade highs, particularly in the UK, France, and Germany, influenced by fiscal expansion and political uncertainties, leading to a sell-off in European bonds [8][9][10] - The report suggests a shift in global capital flows, indicating increased risk aversion and a preference for high-quality, liquid bonds amid diverging monetary policies across major economies [8][9][10] Group 2 - The US Treasury yield curve has shifted downward, with the 10-year yield falling to 4.08% and the 30-year yield decreasing by 16.8 basis points to 4.76%, reflecting heightened demand for safe-haven assets [9][10][11] - In contrast, UK 30-year government bond yields have surged to their highest levels since 1998, with significant increases in yields for French and German bonds as well, indicating a divergence in bond market performance [9][10][11] - The report notes that Asian government bonds have remained stable, with limited yield fluctuations, highlighting a risk diversion effect in the market [9][10][11] Group 3 - The issuance of credit bonds has primarily involved high-rated entities, focusing on sectors such as infrastructure, real estate, and transportation, with maturities mainly between 1-3 years [17][19] - The offshore RMB bond market has shown a slight widening of the yield spread between dim sum bonds and domestic bonds, indicating a stable long-term outlook for offshore RMB liquidity [15][16][21] - The report emphasizes the importance of maintaining a diversified credit exposure, particularly in high-rated corporate bonds and sovereign debt, while being cautious of over-concentration in any single sector or credit rating [33][34]

Group 1 - Lithium carbonate futures weakened on September 10, dropping over 6%, with lithium mining stocks like Tianqi Lithium and Ganfeng Lithium also declining significantly [1] - The average price of battery-grade lithium carbonate in Shanghai on September 10 was reported at 72,000 yuan per ton, a decrease of 1,500 yuan from the previous day [1] - CATL's subsidiary, Yichun Times New Energy Mining Co., held a meeting to advance the resumption of operations at the Jiangxiawo lithium mine, which is expected to restart soon due to smooth approval progress for mining rights and licenses [1] Group 2 - The Jiangxiawo mine's suspension was seen as a significant signal for "de-involution" in the industry, leading to a temporary surge in lithium carbonate futures prices, which once exceeded 80,000 yuan [2] - The market volatility was attributed to two main factors: the lack of a noticeable reduction in lithium supply following the mine's short-term suspension and the increase in spodumene imports leading to inventory accumulation [2] - The Jiangxiawo mine is the largest lithium mica mine in Yichun, with a resource amount of approximately 960 million tons and a lithium oxide resource of 2.6568 million tons, equivalent to about 6.57 million tons of lithium carbonate [2]

牛市来了还没上车？上天天基金APP搜索777注册即可领500元券包，优选基金10元起投！限 量发放！先到先得！ 9 月 10 日上午， A 股三大股指震荡收涨。截至午间收盘，沪指报 3813.78 点，涨 0.17% ，深证成指涨 0.24% ，创业板指涨 1.14% 。科创 50 涨逾 1% 。 沪深两市半日成交额为 1.29 万亿元，与上个交易日基本持平。个股跌多涨少，市场共 2433 只个股上涨， 46 只个股涨停， 2821 只个股下跌。 从板块看，电信、通信设备、电子元器件、餐饮旅游领涨市场，覆铜板、 6G 、光模块（ CPO ）等概念股活跃；固态电池板块在连续 3 日上涨后出现回调，锂矿、锂电正极、动力电 池等概念板块纷纷走低；贵金属、化肥农药板块领跌。 | | | Wind热门概念指数 | V 20格 | | Wind中国行业指数 | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 覆铜板 | 光模块(CPO) | 电路板 | 6G | 通信设备 | 电信 | 电子元器件 | 电脑硬件 | | 4.36% | 3.11% | 2.8 ...

Group 1 - The core viewpoint of the news is that Yongshan Lithium Industry has experienced fluctuations in its stock performance and financial metrics, indicating potential investment opportunities and risks [1][2]. - On September 5, Yongshan Lithium Industry's stock rose by 4.62%, with a trading volume of 255 million yuan, while the financing net purchase was negative at -5.45 million yuan [1]. - As of September 5, the total margin balance for Yongshan Lithium Industry was 223 million yuan, accounting for 4.27% of its market capitalization, which is above the 70th percentile of the past year [1]. Group 2 - As of June 30, the number of shareholders for Yongshan Lithium Industry was 44,400, a decrease of 8% from the previous period, while the average circulating shares per person increased by 8.7% to 11,539 shares [2]. - For the first half of 2025, Yongshan Lithium Industry reported a revenue of 2.392 billion yuan, a year-on-year decrease of 28.63%, and a net profit attributable to shareholders of -144 million yuan, a significant decline of 315.62% [2]. - Since its A-share listing, Yongshan Lithium Industry has distributed a total of 282 million yuan in dividends, with 207 million yuan distributed over the past three years [2].

Report Industry Investment Rating - The investment rating for the lithium carbonate industry is "Oscillation" [2] Core Viewpoints of the Report - Last week (09/01 - 09/05), lithium salt prices were weak. The closing prices of LC2509 and LC2511 decreased by 4.1% and 3.8% respectively. The average spot prices of battery - grade and industrial - grade lithium carbonate dropped by 6.2% and 6.3%. The prices of lithium hydroxide also declined [3]. - In August, Chile's exports of lithium carbonate and lithium hydroxide decreased by 16% month - on - month, and the exports to China decreased by 5% month - on - month, which may lead to a slight decline in China's imports in September [4]. - The recent decline in the futures market is mainly due to the lack of further production cuts in the short term after the previous supply - side shutdown, and the continuous negative impact of explicit data such as warehouse receipts. However, the inventory reduction in September has provided some support for prices. In the short term, lithium prices may fluctuate widely, and it is recommended to wait and see [5]. Summary by Relevant Catalogs 1. Chile's August Shipment Declined Month - on - Month, and Warehouse Receipts Increased Significantly Last Week - Lithium salt prices were weak last week. The closing prices of LC2509 and LC2511 decreased, and the average spot prices of battery - grade and industrial - grade lithium carbonate also dropped. The prices of lithium hydroxide decreased, the electrical - industrial price difference narrowed slightly, and the price of battery - grade lithium hydroxide changed from a discount to a slight premium compared to battery - grade lithium carbonate [3][15]. - In August, Chile exported 2.01 million tons of lithium carbonate and lithium hydroxide, a 16% month - on - month decrease and an 11% year - on - year increase. The exports to China were 1.30 million tons, a 5% month - on - month decrease and a 7% year - on - year increase. From January to August, the total exports were 16.9 million tons, a 4% year - on - year decrease, and the exports to China were 10.98 million tons, a 14% year - on - year decrease. In terms of lithium sulfate, the shipment to China in August was 0.69 million tons (0.35 million tons LCE), a 33% month - on - month decrease and a 2% year - on - year decrease [4][16]. - The recent decline in the futures market is due to the lack of further production cuts and the negative impact of warehouse receipts. Last week, warehouse receipts increased by 6744 tons to 3.66 million tons. In September, domestic lithium carbonate production increased by 0.15 million tons to 8.67 million tons. However, inventory reduction in September has provided some support for prices, and the speed of warehouse receipt generation may slow down [5][21]. 2. Weekly Industry News Review - Sayona Mining completed its merger with Piedmont Lithium. After the merger, Sayona's Australian shares will continue to trade until the end of September, and the company will be renamed Elevra Lithium and listed on the ASX [23]. - Argentina's Salta Province approved Rio Tinto's Rincon lithium project. The project is expected to produce 50,000 tons/year of battery - grade lithium carbonate and will become one of the largest lithium projects in Argentina by 2031 [23]. - Sichuan Energy Investment Power Co., Ltd.'s 30,000 - ton lithium salt project successfully produced qualified battery - grade lithium carbonate products, laying a foundation for full - scale production [24]. - Kodal Minerals obtained an export license for the lithium spodumene concentrate produced at its Bougouni lithium project in southern Mali, with an initial export volume of 125,000 tons [24]. 3. Monitoring of Key High - Frequency Data in the Industry Chain 3.1 Resource End: Spot Quotes of Lithium Concentrate Declined - The spot price of lithium concentrate decreased. For example, the average spot price of lithium spodumene concentrate (6%, CIF China) decreased by 2.6% month - on - month [16]. 3.2 Lithium Salts: The Futures Market Rose and Then Fell - The closing prices of lithium carbonate futures contracts decreased, and the average spot prices of domestic lithium carbonate also declined. The electrical - industrial price difference and the basis of lithium carbonate changed [16]. 3.3 Downstream Intermediates: Quotes Slightly Rebounded - The prices of downstream intermediate products such as lithium iron phosphate, ternary materials, and lithium cobalt oxide showed different trends, with some prices slightly increasing and some decreasing [16]. 3.4 Terminal: China's New Energy Vehicle Penetration Rate Slightly Increased in July - In July, China's new energy vehicle penetration rate slightly increased, and the installed capacity of power batteries and the production and sales of new energy vehicles also showed certain trends [51].

1. Report Industry Investment Rating No relevant content provided. 2. Core Viewpoints of the Report - Since August, lithium carbonate contracts have been significantly affected by sentiment. After supply disruptions in lithium mines such as Jianxiawo, lithium prices soared, with the main contract once reaching the 90,000 yuan mark. Recently, funds have rationally returned to the fundamentals, sentiment has continuously cooled, and the market has adjusted weakly. [11] - As the lithium - battery industry enters the traditional peak season, downstream demand has been released. Domestic lithium mica production has declined, the supply - demand relationship of lithium carbonate has improved, and social inventories of lithium carbonate have continuously decreased. [11] - In the first week of September, the lithium - battery sector in the equity market performed strongly, and the optimistic sentiment may drive the lithium carbonate futures to stabilize and rebound. At the same time, the resource supply in regions such as Jiangxi, Qinghai, and Africa is unstable, and attention should be paid to the impact of industry news on the market. [11] 3. Summary by Relevant Catalogs 3.1 Monthly Assessment and Strategy Recommendation - **Spot and Futures Market**: On September 5, the MMLC spot index of lithium carbonate reported 73,657 yuan in the morning, down 4.44% week - on - week and up 5.5% compared to early August. The average price of MMLC battery - grade lithium carbonate was 74,000 yuan. On the same day, the closing price of LC2511 on the GZFE was 74,260 yuan, down 3.78% within the week. [12] - **Supply**: On September 5, SMM's weekly domestic lithium carbonate production was 19,419 tons, a 2% increase from the previous week. The estimated monthly production of lithium carbonate from lithium mica dropped to around 10,000 tons, basically in line with the expectation of large - mine shutdowns. The production of lithium carbonate from lithium spodumene continued to reach new highs, compensating for the reduction in mica production. In August 2025, domestic lithium carbonate production was 85,240 tons, a 4.6% increase from the previous month and a 39.5% increase year - on - year. The cumulative output in the first eight months increased by 40.4% year - on - year. In July and August 2025, Chile's lithium carbonate export volumes were 20,900 tons and 16,900 tons respectively, with exports to China being 13,600 tons and 13,000 tons, a 13% year - on - year decrease and a 6.9% year - on - year increase respectively. [12] - **Demand**: The Passenger Car Association estimated that the wholesale sales of new - energy passenger vehicles by domestic manufacturers in August were 1.3 million, a 24% year - on - year increase and a 10% month - on - month increase. From January to August this year, the cumulative wholesale sales were 8.93 million, a 34% year - on - year increase. The combined production of domestic lithium iron phosphate and ternary materials has remained at a high level since March. As the traditional peak season for lithium batteries approaches, the growth of lithium - battery demand has accelerated. In August, the production of lithium iron phosphate increased by 7.7% month - on - month, and it is expected to reach a new high in September. [12] - **Inventory**: On September 5, the weekly domestic lithium carbonate inventory was reported at 140,092 tons, a decrease of 1,044 tons (- 0.7%) from the previous week. On September 4, the registered warehouse receipts of lithium carbonate on the GZFE were 34,948 tons, a 20.7% increase from the previous week. The early industrial hedging products were accelerating into the warehouse. [12] - **Cost**: The ore price adjusted following the lithium salt price. On September 5, the SMM quoted the price of imported Australian SC6 lithium concentrate at 830 - 870 US dollars per ton, a 5.03% decrease from the previous week and a 14.09% increase compared to early August. The supply pressure of high - cost hard - rock mines in Africa has recently begun to ease. The lithium concentrate previously held back by Western Australian mining enterprises will be released, and it is expected that subsequent lithium ore imports will be significantly supplemented. [12] 3.2 Spot and Futures Market - The average discount price in the standard electric - carbon trading market of the exchange is about 50 yuan. The net short position of the main contract of lithium carbonate is about 100,000 lots. [23] - The price difference between battery - grade and industrial - grade lithium carbonate is 2,250 yuan. The price difference between battery - grade lithium carbonate and lithium hydroxide is 800 yuan. In September, the lithium carbonate futures declined, while the spot price of lithium hydroxide adjusted with a lag, resulting in an inverted price difference. [26] 3.3 Supply Side - On September 5, SMM's weekly domestic lithium carbonate production was 19,419 tons, a 2% increase from the previous week. In August 2025, domestic lithium carbonate production was 85,240 tons, a 4.6% increase from the previous month, a 39.5% increase year - on - year, and a 40.4% cumulative year - on - year increase in the first eight months. [31] - In August, the production of lithium carbonate from lithium spodumene was 53,330 tons, a 19.0% increase from the previous month, an 83.3% increase year - on - year, and a 71.1% cumulative year - on - year increase in the first eight months. The production of lithium carbonate from lithium mica was 13,700 tons, a 23.9% decrease from the previous month, and a 17.5% cumulative year - on - year increase in the first eight months. [34] - In August, the production of lithium carbonate from salt lakes decreased by 11.5% month - on - month to 10,920 tons, with a 10.8% cumulative year - on - year increase from January to August. Some salt lakes reduced production or shut down, and the production of lithium carbonate from salt lakes showed a year - on - year decline during the peak season. The production of lithium carbonate from the recycling end in August was 7,290 tons, a 14.3% month - on - month increase, and a 21.3% cumulative year - on - year increase from January to August. [37] - In July 2025, China imported 13,845 tons of lithium carbonate, a 21.8% month - on - month decrease and a 42.7% year - on - year decrease. Among them, 8,584 tons were imported from Chile and 3,950 tons from Argentina. From January to July, the total import volume of lithium carbonate in China was about 132,000 tons, a 0.8% year - on - year increase. In July 2025, Chile's lithium carbonate export volume was 20,900 tons, a 43% month - on - month increase and a 4% year - on - year increase. Among them, 13,600 tons were exported to China, a 33% month - on - month increase and a 13% year - on - year decrease. In August, Chile exported 16,903 tons of lithium carbonate, a 19.2% month - on - month decrease. Among them, 12,982 tons were exported to China, a 4.8% month - on - month decrease and a 6.9% year - on - year increase. [40] 3.4 Demand Side - The battery field dominates lithium demand. In 2024, its global consumption accounted for 87%. The main growth point of future lithium salt consumption still depends on the growth of the lithium - battery industry, while the traditional application fields have limited proportion and weak growth. The proportion of lithium used in fields such as ceramic glass, lubricants, flux powder, air - conditioning, and medicine is only 5%. [44] - In July 2025, the global sales volume of new - energy vehicles was about 1.6 million, with a 25.1% cumulative year - on - year increase from January to July. The Passenger Car Association estimated that the wholesale sales of new - energy passenger vehicles by domestic manufacturers in August were 1.3 million, a 24% year - on - year increase and a 10% month - on - month increase. From January to August this year, the cumulative wholesale sales were 8.93 million, a 34% year - on - year increase. [47] - From January to July, the total sales volume of new - energy vehicles in Europe was 2.081 million, a 25.8% year - on - year increase. From January to July, the total sales volume of new - energy vehicles in the United States was 896,000, a 6.9% year - on - year increase. [50] - In July, the combined production of power and other batteries in China was 133.8 GWh, a 3.6% month - on - month increase and a 44.3% year - on - year increase. From January to July, the cumulative production of power and other batteries in China was 831.1 GWh, a 57.5% cumulative year - on - year increase. [53] - In July, the production of lithium iron phosphate increased by about 3.1% month - on - month. In August, the production of cathode materials increased by 7.7% month - on - month. [56] 3.5 Inventory - On September 5, the weekly domestic lithium carbonate inventory was reported at 140,092 tons, a decrease of 1,044 tons (- 0.7%) from the previous week. On September 4, the registered warehouse receipts of lithium carbonate on the GZFE were 34,948 tons, a 20.7% increase from the previous week. [63] - The inventory cycle of cathode materials is about one week. The inventory - to - sales ratio of power batteries is at a recent median, and the inventory of energy - storage batteries is at a recent low due to export rush. [66] 3.6 Cost Side - The ore price adjusted following the lithium salt price. On September 5, the SMM quoted the price of imported Australian SC6 lithium concentrate at 830 - 870 US dollars per ton, a 5.03% decrease from the previous week and a 14.09% increase compared to early August. [74] - In July, the domestic import of lithium concentrate was 576,000 tons, a 4.8% year - on - year increase and a 34.7% month - on - month increase. From January to July, the domestic import of lithium concentrate was 3.38 million tons, a 0.6% cumulative year - on - year increase. From January to July, the import of lithium concentrate from Australia increased by 7.3% year - on - year, and the import from Africa decreased by 13.7% year - on - year. The supply pressure of high - cost hard - rock mines in Africa has recently begun to ease. The lithium concentrate previously held back by Western Australian mining enterprises will be released, and it is expected that subsequent lithium ore imports will be significantly supplemented. [77]