（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]

（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，公司的技术储备紧密对接市场前 沿需求，从上游的锂矿提锂技术到中游关键的电解质、负极材料等生产技术，再到下游的电芯与系统集 成均有所技术储备。 ...

（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，公司已建立系统化的市值管理机 制。 ...

Report Industry Investment Rating - Not provided Core Viewpoints - As of December 4, 2025, the spot main contract of lithium carbonate fluctuated at a low level, with the trading volume increasing by 20,135 to 663,458 lots and the open interest decreasing by 2,207 to 560,629 lots. The spot market trading was sluggish, and the basis premium narrowed [1]. - On the cost side, the prices of spodumene concentrate and lepidolite decreased. On the supply side, the weekly output of lithium carbonate increased, with the output from salt lakes decreasing and that from other raw materials increasing. In terms of downstream demand, the output of lithium iron phosphate and ternary materials decreased last week. In December, the production and scheduled production of lithium carbonate decreased, while the output of power batteries rebounded last week. For terminal demand, the year - on - year and month - on - month growth rates of new energy vehicle production and sales slowed down in October, the 3C shipments weakened, and the scheduled production of energy - storage batteries stagnated in December [1]. - In terms of inventory, the registered warehouse receipts increased by 770 to 10,422 tons, and the social inventory decreased, with smelters and others reducing inventory and downstream increasing inventory. Overall, both supply and demand are strong, and there are repeated reports of the resumption of mines in Jiangxi. The weekly output of lithium carbonate is at a high level, and downstream players still have a wait - and - see attitude. The spot market trading is sluggish, demand growth has stagnated, and the exchange has taken measures to cool down the market. It is expected that lithium prices will fluctuate weakly. The trading strategy is to hold short positions [1]. Summary by Related Content Lithium Carbonate Futures and Spot Prices - On December 4, 2025, the closing prices of the near - month, consecutive - one, consecutive - two, and consecutive - three contracts of lithium carbonate were 90,680 yuan/ton, 92,260 yuan/ton, 92,480 yuan/ton, and 92,480 yuan/ton respectively, with changes of - 1,520 yuan/ton, + 200 yuan/ton, + 280 yuan/ton, and + 280 yuan/ton compared to the previous day [1]. - The average prices of battery - grade lithium carbonate (99.5%/domestic) and industrial - grade lithium carbonate (99.2%/domestic) were 94,000 yuan/ton and 91,550 yuan/ton respectively, both decreasing by 350 yuan/ton compared to the previous day [1]. Lithium Ore and Related Product Prices - The average price of spodumene concentrate (6%, CIF China) was 1,162 US dollars/ton, decreasing by 18 US dollars/ton compared to the previous day [1]. - The average prices of different grades of lepidolite decreased, for example, the average price of lepidolite (Li2O: 1.5% - 2.0%) was 1,590 yuan/ton, decreasing by 40 yuan/ton compared to the previous day [1]. Downstream Product Prices - The average price of lithium hexafluorophosphate (99.95%/domestic) was 172,000 yuan/ton, increasing by 1,000 yuan/ton compared to the previous day [1]. - The average prices of various ternary precursors and materials decreased slightly, for example, the average price of ternary precursor 523 (polycrystalline/consumer - type) was 104,950 yuan/ton, decreasing by 50 yuan/ton compared to the previous day [1]. New Energy Vehicle Sales Data - From January to October 2025, the global new energy passenger vehicle sales reached 17.36 million units, a year - on - year increase of 30%. In October, the global new energy passenger vehicle sales reached 2.11 million units, a year - on - year increase of 17% and a month - on - month decrease of 32% [1]. - From January to October 2025, the new energy vehicle sales in the US were 1.4 million units, with a growth rate of 10%. In October, the new energy vehicle sales in the US were 93,000 units, a year - on - year decrease of 51% [1]. Company News - Yihu Co., Ltd. is expected to exceed its annual lithium carbonate production plan of 300 tons [1]. - Salt Lake Co., Ltd. stated that its 40,000 - ton lithium extraction project is running smoothly, with a daily output of 60 - 70 tons, a purity of over 99.9%, and stable equipment operation [1].

智利国家铜业公司(Codelco)和力拓集团(Rio Tinto Group)的智利锂矿合资项目正按计划推进。力拓集团 首席执行官兼锂业负责人与智利国家铜业公司董事长会面，讨论了Maricunga锂项目和智利铜矿勘探项 目。 智通财经APP获悉，智利国家铜业公司(Codelco)董事长表示，尽管总部位于伦敦的矿业公司力拓集团 (Rio Tinto Group)发出将放缓其进军电池金属步伐的信号，但是Codelco与力拓集团在智利的锂合资企业 仍按计划常态推进。 力拓一边在塞尔维亚项目上踩刹车且强调对锂资源采取"分阶段策略"，一边继续和Codelco推进位于智 利的Maricunga大型锂矿项目，并讨论具体的提锂工艺，这些大型矿企大矿并不是"不玩锂矿"的悲观态 度，而是不再为任何一块锂资源无脑开支。力拓最新的这种以"期权"的方式布局锂矿 ——等到下一轮 锂需求与价格共振时，可以迅速放量。而就当前全球储能需求大规模兴起之势来看，下一个锂周期可能 不久后将到来。 Codelco 与力拓在智利锂项目上的携手推进，不会立刻扭转锂价走势，但却清晰传递出一个信号：在储 能与电动汽车长期强劲需求拉动下，全球矿业巨头并未退出锂 ...

新能源及有色金属日报 | 2025-12-05 库存继续去化，碳酸锂盘面宽幅震荡 市场分析 2025-12-04，碳酸锂主力合约2605开于93800元/吨，收于93700元/吨，当日收盘价较昨日结算价变化-1.26%。当日 成交量为663458手，持仓量为560629手，前一交易日持仓量562836手，根据SMM现货报价，目前基差为760元/吨 （电碳均价-期货）。当日碳酸锂仓单10422手，较上个交易日变化770手。 碳酸锂现货：根据SMM数据，电池级碳酸锂报价92200-95800元/吨，较前一交易日变化-350元/吨，工业级碳酸锂 报价90500-92600元/吨，较前一交易日变化-350元/吨。6%锂精矿价格1175美元/吨，较前一日变化-30美元/吨。据 SMM数据，下游材料厂询价和成交行为趋于活跃。目前，上下游企业之间的年度长协谈判仍在持续，博弈焦点集 中于明年的价格系数与采购量级。供应端来看，伴随部分新产线逐步投产以及下游需求对生产的拉动，预计12月 国内碳酸锂产量仍将保持增长，环比增幅约为3%。需求方面，12月新能源汽车销量预计仍表现亮眼；储能市场则 延续供需两旺态势，供应偏紧格局依旧。电芯 ...

| 碳酸锂日评20251205:偏弱震荡 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 交易日期(日) | 2025-12-04 | | | 2025-12-03 | 2025-11-27 | 较昨日变化 | 近两周走势 | | 近月合约 收盘价 | 90680.00 | | | 92200.00 | 93960.00 | -1,520.00 | 5 | | 连一合约 收盘价 | 92260.00 | | | 92060.00 | 94000.00 | 200.00 | | | 连二合约 收盘价 | 92480.00 | | | 92200.00 | 94120.00 | 280.00 | | | 连三合约 收盘价 | 92480.00 | | | 92200.00 | 94340.00 | 280.00 | | | 收盘价 | 93700.00 | | | 93660.00 | 95820.00 | 40.00 | 1 | | 砖酸包期货 成交堂(手) 活跃合约 (元/吨) 持仓堂(手) | 663458.00 560 ...

Group 1 - The company Ganfeng Lithium (002460.SZ) stated that producing one ton of lithium sulfide theoretically requires 0.3 tons of metallic lithium or 1.6 tons of lithium carbonate equivalent (LCE) [1] - The actual consumption of lithium raw materials in industrial production may vary due to different forms of raw materials and preparation processes used [1]

欧股市场： 美股市场： 美东时间周四（4日），美股三大指数收盘涨跌不一。截至收盘，道琼斯工业平均指数比前一交易日下跌31.96点，收于47850.94点，跌幅为0.07%；标准普 尔500种股票指数上涨7.4点，收于6857.12点，涨幅为0.11%；纳斯达克综合指数上涨51.05点，收于23505.14点，涨幅为0.22%。作为最能代表美股市场小盘 股的指标，罗素2000指数收涨0.76%，突破10月27日创出的前高。 在美联储下周召开货币政策会议之前，市场情绪谨慎。美国上周首次申请失业救济人数降至2022年9月以来的最低水平。 热门科技股涨跌不一，Meta涨超3%，英伟达涨超2%，亚马逊、苹果跌超1%。计算机硬件、加密矿企涨幅居前，SanDisk涨超9%，Hut8涨近7%，戴尔科技 涨超4%，惠普涨近3%。贵金属、旅游酒店、锂矿概念股跌幅居前，美国雅保跌超5%，希尔顿酒店、皇家加勒比邮轮跌超2%。 纳斯达克中国金龙指数收涨0.39%，蔚来涨超4%，小鹏汽车涨超3%，百度、哔哩哔哩涨超1%，名创优品、百胜中国跌超1%。 欧洲三大股指4日全线上涨。英国伦敦股市《金融时报》100种股票平均价格指数报收于9710 ...