12月8日，指数高开高走，截至午间收盘，沪指涨0.62%，深成指涨1.55%，创业板指涨3.02%。两市个 股超3500股上涨，成交急剧放量，较昨日放量超2980亿。 点评：消息面上，板块受国内外多重消息利好提振，近期，年产1000颗卫星的文昌卫星超级工厂即将投 产，目标2027年实现航天产业集群营收100亿元；SpaceX正启动新一轮二次股票出售，马斯克称其多年 保持现金流为正。银河证券表示，我国商业卫星产业即将进入需求侧牵引与供给侧支撑双向发力的新阶 段，产业闭环有望成型。 2、券商板块走强 下跌方面，煤炭、贵金属、电力等板块跌幅居前。 展望后市，国金证券认为，市场主线格局将逐步清晰。新的变化正在出现，未来结构上的信号可能比总 量更加清晰，金融市场非银机构的约束放松将进一步与全A的盈利回升形成正向循环。 热门板块 1、商业航天活跃 商业航天板块走强，龙洲股份4连板，顺灏股份、西部材料2连板。 分析表示，在多重利好刺激下，市场回暖信号明确。第一，上周五盘后相关部门发布新规，调整保险公 司业务的风险因子，这次下调风险因子，可以释放出更多的保证金。第二，证监会主席吴清表示，监管 层面将强化分类监管，适度拓宽券商 ...

格隆汇12月8日｜瑞银将美国雅保的目标价从107美元上调至185美元，评级从"中性"上调至"买入"，预 计随着市场从2026年下半年开始进入供应短缺，锂价将上涨。 ...

周度报告—碳酸锂 供应压力影响短期预期，盘面高位回调 | | | 报告日期： 2025 年 12 月 7 日 [Table_Summary] ★供应压力影响短期预期，盘面高位回调 上周（11/24-11/28）锂盐价格呈偏弱走势。LC2512 收盘价环比 -4.1%至 9.07 万元/吨，LC2601 收盘价环比-4.1%至 9.08 万元/吨； SMM 电池级及工业级碳酸锂现货均价环比-0.5%至 9.33、9.08 万 元/吨。氢氧化锂价格跟随上行，SMM 粗颗粒及微粉型电池级氢 氧化锂均价环比分别+0.1%、+0.1%至 8.21、8.69 万元/吨。电工 价差环比持平至 2,450 元/吨。电池级氢氧化锂较电池级碳酸锂 价格贴水环比缩窄 550 元至 1.1 万元/吨。 据智利海关，11 月智利共出口碳酸锂及氢氧化锂 2.0 万吨，环比 -27%，同比-14%；其中对中国出口 1.47 万吨，环比-9.4%，同比 -13%，对应 12 月到港量环比预计下滑。1-11 月智利合计出口碳 酸锂及氢氧化锂 23.5 万吨，同比-2%；其中对中国出口 15.2 万吨， 同比-15%。 上周盘面呈偏弱回调，消息 ...

Market Overview - US stock market continued to rise on December 5, supported by expectations of Federal Reserve interest rate cuts and positive US-China trade signals, with all three major indices closing higher [1] - The Dow Jones Industrial Average increased by 0.22% to 47,954.99 points, the Nasdaq Composite rose by 0.31% to 23,578.13 points, and the S&P 500 gained 0.19% to close at 6,870.40 points, marking four consecutive days of gains for the S&P 500 [1] Technology Sector Performance - Major US technology stocks mostly rose, with the US Tech Giants Index increasing by 0.20%. Facebook saw a nearly 2% rise, Google over 1%, Microsoft up 0.48%, Amazon up 0.18%, and Tesla up 0.1% [2] - Despite declines in Apple and Nvidia by 0.68% and 0.53% respectively, the overall performance of technology stocks remained strong [2] Chinese Stocks Performance - The Nasdaq Golden Dragon China Index rose by 1.29%, with notable individual stock performances including Baidu up nearly 6%, Xiaomi over 2%, Meituan nearly 2%, and Xpeng, iQIYI, and TAL Education all up over 2% [3] - Dingdong Maicai led the gains among Chinese stocks with an increase of over 11% [3] Mergers and Acquisitions - Netflix announced its agreement to acquire Warner Bros. Discovery for approximately $72 billion [4] - SoftBank is reportedly in talks to acquire AI infrastructure investment company DigitalBridge [4] - Albemarle, the world's largest lithium producer, saw a 5% increase in stock price after UBS upgraded its rating from "neutral" to "buy" and raised the target price from $107 to $185 per share [4] Commodity Market Movements - Gold prices experienced volatility, closing at $4,197.4 per ounce, down 0.26%, after initially rising over 1% [5] - Silver prices, after reaching a historical high, ultimately closed up 2.07% [5] - In the oil market, WTI crude oil futures for January delivery rose by 0.69% to $60.08 per barrel, while Brent crude for February delivery increased by 0.49% to $63.75 per barrel, supported by ongoing geopolitical risks [5] Cryptocurrency Market - The cryptocurrency market faced pressure, with Bitcoin dropping below $89,000, down 3.59% in a single day, and major altcoins like Ethereum and Solana also experiencing declines of over 3% [8] US-China Trade Relations - Positive signals emerged from US-China trade relations, with discussions between Chinese Vice Premier He Lifeng and US Treasury Secretary Yellen focusing on practical cooperation and addressing mutual concerns in the economic field [9] Federal Reserve Interest Rate Expectations - Market attention is on the Federal Reserve's interest rate cut expectations, with the core PCE price index for September at 2.8%, below the expected 2.9%, reinforcing the likelihood of a rate cut next week [10] - The probability of a 25 basis point rate cut next week is at 87%, according to CME's FedWatch tool [10]

（文章来源：每日经济新闻） 每经AI快讯，美股锂矿概念股走强，美国雅保涨超8%，智利矿业化工涨近3%，Lithium Americas跟 涨。 ...

预期分歧仍存， 关注产业面动态 碳酸锂月报 2025/12/05 0755-23375139 zengyuke@wkqh.cn 从业资格号：F03121027 交易咨询号：Z0023147 曾宇轲（有色金属组） CONTENTS 目录 01 月度评估及策略推荐 03 供给端 06 成本端 01 月度评估及策略推荐 月度要点小结 ◆ 期现市场：12月5日，五矿钢联碳酸锂现货指数（MMLC）早盘报90869元，周跌2.36%，月涨9%。MMLC电池级碳酸锂均价为93300元。同日广期 所LC2605收盘价92160元，本周跌4.42%。 ◆ 供给：12月4日，SMM国内碳酸锂周度产量报21939吨，环比增0.3%。2025年11月国内碳酸锂产量95350吨，环比增3.3%，同比增48.7%，前11 月累计同比增43.7%。2025年11月智利碳酸锂出口数量为1.8万吨，环比减少28%，其中出口至中国的量1.47万吨，环比减少9%。11月智利出 口硫酸锂10132吨，全部出口至中国，环比增长493%。 ◆ 需求：据乘联分会初步统计，11月1-30日，全国乘用车市场零售226.3万辆，同比去年同期下降7%，较上月增长 ...

Core Viewpoint - Ganfeng Lithium has achieved large-scale production of battery-grade lithium sulfide and is supplying it steadily to multiple downstream customers [1] Group 1 - The company confirmed the successful scale production of its battery-grade lithium sulfide production line [1] - Ganfeng Lithium is actively engaging with investors through an interactive platform to provide updates on its production capabilities [1]

证券日报网讯12月5日，赣锋锂业（002460）在互动平台回答投资者提问时表示，截至2025年11月28 日，公司A股股东人数为351555户。 ...

（文章来源：证券日报） 证券日报网讯 12月5日，赣锋锂业在互动平台回答投资者提问时表示，公司秉持稳健的财务策略，在运 营过程中积累了充足的现金储备。并通过境内外债券发行、银行间发债等方式补充资金流动性，有效缓 解现金流压力。 ...

Core Viewpoint - Ganfeng Lithium (002460) emphasizes its commitment to legal and compliant operations, leveraging its core advantages in resources, cost, technology, and full industry chain layout to benefit from industry recovery and create long-term value for investors [1] Company Summary - Ganfeng Lithium maintains a focus on legal and compliant business practices [1] - The company relies on its own resources, cost efficiency, and technological capabilities as core advantages [1] - Ganfeng Lithium is positioned to benefit from the recovery of the lithium industry [1] - The company aims to create long-term value for its investors [1]