Core Viewpoint - The company is progressing as planned with the tunneling work at its lithium mines in Sichuan and Hunan, utilizing tunnel boring machines (TBM) effectively [1] Group 1: Project Updates - At the Gada lithium mine project, the "Dazhong" and "Jiada" tunnel boring machines are operating steadily and advancing the project through a dual-machine collaborative tunneling mode [1] - At the Jijia Mountain lithium mine project, the "Longyuan" tunnel boring machine has efficiently completed 7.3 kilometers of excavation for the transportation corridor and access roads in the first half of 2025, and has recently undergone comprehensive maintenance and upgrades before being put back into operation [1]

Report Industry Investment Rating - Not provided Core View of the Report - The short - term fundamentals of lithium carbonate show strong supply and weak demand, and the lithium price is expected to fluctuate weakly under position limits. It is recommended to hold short positions [1] Summary by Relevant Content Lithium Carbonate Futures Market - On December 10, 2025, the main contract of lithium carbonate futures oscillated upward. The trading volume was 620,935 hands (+108,720), and the open interest was 605,453 hands (+30,032) [1] - The prices of different contracts (near - month, consecutive - one, consecutive - two, consecutive - three) all increased compared with previous data, with price increases ranging from 3,080 yuan/ton to 3,180 yuan/ton [1] Spot Market - The spot market trading was sluggish, and the basis discount widened. The price of spodumene concentrate increased, while the price of mica also rose [1] Supply and Demand - **Supply**: Last week, the production of lithium carbonate increased. The production of lithium carbonate from salt lakes decreased, while that from other raw materials increased [1] - **Demand**: Last week, the production of lithium iron phosphate and ternary materials decreased. In December, the production plan of lithium iron phosphate and lithium manganate decreased. Last week, the production of power batteries increased. In November, the month - on - month and year - on - year growth rates of new energy vehicle production and sales slowed down; the 3C shipments weakened; the growth of the production plan of energy - storage batteries in December stagnated [1] Inventory - The registered inventory was 13,680 tons (+760), and the social inventory decreased. Refineries and other sectors destocked, while downstream sectors also destocked [1] Industry News - Standard Lithium and Equinor's joint - venture Smackover Lithium project in Arkansas has attracted over $1.1 billion in financing intentions, covering 76% of the $1.45 - billion construction cost of Phase I. The project uses direct lithium extraction (DLE) technology but faces challenges such as the complexity of brine composition and the stability of recovery rates [1]

盛新锂能公告称，其全资子公司盛威国际为控股子公司印尼盛拓原材料采购提供连带责任保证，担保期 限3年，第一年不超1.5亿美元（等值人民币），第二年和第三年分别不超2.4亿美元（等值人民币）。印 尼盛拓资产负债率高于70%，本次提供担保额度后，此类子公司可用担保额度为10.94亿元。截至公告 日，公司对印尼盛拓担保总额（不含本次）为12.91亿元。公司及控股子公司无逾期对外担保等情形。 ...

Core Viewpoint - The company has made significant progress in the development of the Jada lithium mine, with resource estimates exceeding expectations and plans for ecological restoration underway [1] Group 1: Development Progress - The first mining area of the Jada lithium mine, covering 2.056 square kilometers, is expected to complete the review and filing with the Ministry of Natural Resources by the first half of 2025, with an estimated lithium carbonate equivalent of approximately 148.42 thousand tons [1] - The mining resource extraction plan for the Jada lithium mine is scheduled to pass expert review by October 2025 [1] Group 2: Ecological Restoration - The company is currently advancing the preparation and review of the ecological restoration plan for the mining area, with specific progress to be announced in future company announcements [1]

Group 1 - The company is currently in the construction phase for its two major lithium mining projects and has not yet achieved large-scale formal mining and output [2] - The Sichuan Jiada lithium mine has generated sales of raw ore as a byproduct this year, primarily from the exploration phase [2] - Detailed data regarding production and mining activities will be available in the company's periodic reports [2]

Group 1 - The core point of the article is that 德方纳米 (Deyang Nano) has announced that 马尔康锂业 (Malkang Lithium) is currently in the process of obtaining mining rights [1]

富时中国A400指数 | 纳入个股 | | | 剔除个股 | | --- | --- | --- | --- | | 证券代码 | 证券简称 | 证券代码 | 证券间称 | | 688019. SH | 安集科技 | 688582. SH | 芯动联科 | | 601212. SH | 白银有色 | 300723. SZ | 一品红 | | 688729. SH | 吃唐股份 | 300383. SZ | 光环新网 | | 300058. SZ | 蓝色光标 | 688363. SH | 华熙生物 | | 300390. SZ | 天华新能 | 600299. SH | 安迪苏 | | 002407. SZ | 多氟多 | 688166. SH | 博瑞医药 | | 688676. SH | 金盘科技 | 001696. SZ | 宗申动力 | | 688313. SH | 仕佳光子 | 600606. SH | 绿地控股 | | 600801. SH | 华新建材 | 688475. SH | 萤石网络 | | 002920. SZ | 德赛西威 | 600602. SH | 云赛智联 | | 001203 ...

证券日报网讯12月9日，大中矿业（001203）在互动平台回答投资者提问时表示，四川周边的冶炼产能 较为富余，公司加达锂矿规划先不建设冶炼厂，重点推进探矿、采矿、选矿工作。 ...

Group 1 - The company held its 27th meeting of the 6th Board of Directors on December 8, 2025, to discuss various proposals [1][2] - The Board approved the unlocking of 1,312,400 shares from the 2022 employee stock ownership plan, which represents 0.08% of the total share capital [3][28] - The company decided to reduce its registered capital from 1,641,221,583 RMB to 1,641,194,983 RMB following the cancellation of 26,600 repurchased shares [4][5] Group 2 - The Board approved the application to register and issue debt financing instruments up to 6 billion RMB to optimize the company's debt structure [39][40] - The company plans to apply for a designated delivery warehouse for lithium hydroxide at the Guangzhou Futures Exchange to enhance its market presence and operational efficiency [37][15] - The company will hold its third extraordinary general meeting on December 30, 2025, to review the proposals approved by the Board [51][52]

西藏矿业（000762.SZ）12月8日在投资者互动平台表示，你好，虽然扎布耶二期项目正式生产，钾肥陆 续实现销售，但项目还处于爬坡期，要待达产达效后，才能基本确定相关成本。不能简单的判断告诉投 资者。 （记者 曾健辉） 每经AI快讯，有投资者在投资者互动平台提问：扎布耶二期的实际成本是直接成本四万二千五百元减 去衍生品钾肥等的销售收入，据贵公司称，在九月份扎布耶二期正式投产前数月已经开始销售扎布耶二 期生产的钾肥，也就是说，扎布耶二期钾肥销售价格是你们早就已经实现的，扎布耶二期的实际成本也 是确定的，这个实际成本不到四千元，远远低于全球所有锂矿企业级盐湖提锂企业的成本，这么优异的 核心竞争力优势，你们为什么不告诉投资者，而一定要投资者以后查阅定期报告相关章节呢？ ...