| | | | T | T-1 | T-5 | T-10 | T-22 | T-66 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 2507合约（收盘价） | 59,940 | -500 | -500 | 1,080 | -3,280 | -17,060 | | | | 2507合约（成交量） | 169,471 | -237 | -87,311 | -216,674 | -47,562 | 160,924 | | | | 2507合约（持仓量） | 147,432 | -15,450 | -70,984 | -140,074 | -146,794 | 113,120 | | | 盘面 | 2509合约（收盘价） | 59,800 | -680 | -1,120 | 700 | -4,720 | -19,120 | | | | 2509合约（成交量） | 177,158 | 22,618 | 65,515 | 71,397 | 152,257 | 175,024 | | | | 2509合约（持仓量） | 266,931 | 2 ...

Core Viewpoint - The current spot price of lithium carbonate remains stable compared to the previous trading day, with battery-grade lithium carbonate priced at 60,400 yuan per ton, reflecting a decrease of 400 yuan per ton [1] Price Summary - The spot price of battery-grade lithium carbonate is reported at 60,400 yuan per ton, down by 400 yuan per ton - Industrial-grade lithium carbonate (comprehensive) is priced at 59,300 yuan per ton, also down by 400 yuan per ton - The average price of long-term contracts for battery-grade lithium carbonate remains unchanged at 59,800 yuan per ton - The hydroxide lithium index is stable at 62,583 yuan per ton - The price of lithium spodumene (Africa SC5%) is steady at 410 USD per ton - The price of lithium spodumene (China CIF6%) remains at 620 USD per ton - The lithium spodumene index (5%≤Li2O<6%) is stable at 4,870 yuan per ton - The lithium mica index (2%≤Li2O<4%) is reported at 1,576 yuan per ton, unchanged - The price of phosphor-lithium aluminum stone (7%≤Li2O<8%) is stable at 7,050 yuan per ton - The lithium-rich aluminum electrolyte index remains at 1,698 yuan per ton - The discount coefficient for lithium brine (sulfuric acid lithium) is reported at 74%, unchanged [1]

周度报告—碳酸锂 主力合约完成换月，近端延续 Back 结构 | 走势叶级: | | --- | 下游消费不及预期，新增产能建设进度与企业预期有所出入。 | [T走ab势le_评R级an：k] | 碳酸锂：震荡 | 陈祎萱 CFA | 高级分析师（有色金属） | | --- | --- | --- | --- | | 报告日期： | 2025 年 6 月 15 日 | 从业资格号： | F3074710 | | [Table_Summary] | | 投资咨询号： | Z0017769 | | ★主力合约完成换月，近端延续 | Back 结构 | Tel: | 8621-63325888-2722 | | | | Email: | yixuan.chen@orientfutures.com | 主力合约行情走势图（碳酸锂） [Table_Summary] ★主力合约完成换月，近端延续 Back 结构 上周锂盐价格偏弱震荡。LC2506 收盘价环比-1.4%至 5.99 万元/ 吨，LC2507 收盘价环比-0.8%至 5.99 万元/吨；溧阳中联金碳酸 锂近月合约收盘价环比-1.3%至 6.0 万元/吨。周内 ...

当地时间6月10日，津巴布韦矿业部长温斯顿·奇坦多(Winston Chitando)在内阁会议结束后的媒体吹风会上宣布， 津巴布韦政府决定从 2027年起禁止锂精矿出口，此举旨在促进各矿企在津巴布韦国内建立加工和精炼设施，推动本地矿业加工发展。 作为非洲最大的锂生产国之一，津巴布韦已于2022年禁止锂矿原石出口，并一直在推动矿商企业更多地在津巴布韦国内进行加工。 据新津巴布韦新闻网报道，奇坦多透露，津巴布韦目前现有两家矿业企业正在建设锂硫盐酸工厂。"这些是增值设施，它们能够将锂精矿转换 为硫酸锂，从而增加其价值。"他说。 硫酸锂是一种中间产品，可以精炼成电池级材料，例如用于电池制造的氢氧化锂或碳酸锂。 奇坦多表示，鉴于津巴布韦目前具备了相关生产能力，该国决定从2027年1月起禁止锂精矿出口，但允许锂硫盐酸出口。为此，奇坦多呼吁更 多矿业企业到津巴布韦投资建设锂硫盐酸工厂，或在禁令生效前签订相关协议以实现合作共赢。 采矿业是津巴布韦的主要经济支柱之一，占全国出口收入的75%以上。 （ 来源： 中新社北京 ） 往 期 回 顾 | 01 ｜ | | --- | | 国轩高科斩获电池大单！ | 04 ｜ 第五届起点 ...

Core Viewpoint - The announcement highlights the successful approval of lithium resource reserves at the Sichuan Gada lithium mine, indicating a significant resource advantage for the company in the industry [1][2]. Resource Reserves Summary - The approved lithium ore reserves at the Sichuan Gada lithium mine are 43.436 million tons, with a Li2O mineral amount of 600.9 thousand tons and an average grade of 1.38%, equivalent to approximately 148.42 thousand tons of lithium carbonate [2]. - The total registered lithium carbonate equivalent reserves, including resources from the nearby Jijiao Mountain mine, exceed 4.72 million tons, showcasing a strong resource position in the industry [2]. Future Development Plans - The company has established a complete operational team in the Sichuan region, which is a key area for its lithium mining development, and has developed a detailed growth plan [2]. - The completion of the resource reserve registration is a significant advancement following the successful auction of the mining rights, reflecting the company's expertise in mining investment, development, and operations [2]. Regulatory Compliance and Next Steps - The company will continue to process the necessary permits for mining rights and accelerate the acquisition of licenses required for mineral processing projects to enhance revenue and profitability [2][3].

Group 1: Report Industry Investment Rating - No information provided Group 2: Report's Core View - Downstream minor restocking led to a rebound in lithium carbonate prices but the contradiction of continuous decline in ore prices remains unchanged; after the price rebound, the supply of lithium carbonate increased rapidly while demand tended to be stable [3] - Zimbabwe will ban the export of lithium concentrate from 2027 to promote local processing [3] Group 3: Summary by Related Catalogs Lithium Compounds - SMM battery - grade lithium carbonate average price is 60,650 with a rise of 150; SMM industrial - grade lithium carbonate average price is 59,050 with a rise of 150 [1] - The price difference between battery - grade and industrial - grade lithium carbonate is 1,600 [2] Lithium Ore - Lithium spodumene concentrate (CIF China) average price is 631 with a rise of 46 [1] - Lithium mica (Li20:1.5% - 2.0%) price is 10; lithium mica (Li20:2.0% - 2.5%) price is 1,225 with a rise of 15; phosphorus lithium aluminum stone (Li20:6% - 7%) price is 5,660; phosphorus lithium aluminum stone (Li20:7% - 8%) price is 6,595 with a rise of 55 [2] Futures Contracts - Lithium carbonate 2506 closing price is 60,420 with a decline of 1.44%; lithium carbonate 2507 closing price is 60,440 with a decline of 1.56%; lithium carbonate 2508 closing price is 60,520 with a decline of 1.66%; lithium carbonate 2509 closing price is 60,480 with a decline of 1.69%; lithium carbonate 2510 closing price is 60,540 with a decline of 1.72% [1] Positive Electrode Materials - Lithium iron phosphate (power type) average price is 30,475 with a rise of 30; ternary material 811 (polycrystalline/power type) average price is 143,760 with a decline of 200; ternary material 523 (single - crystal/power type) average price is 114,695 with a rise of 30; ternary material 613 (single - crystal/power type) average price is 121,285 with a decline of 150 [2] Inventory - Total inventory (weekly, tons) is 133,549 with an increase of 1,117; smelter inventory (weekly, tons) is 57,653 with an increase of 537; downstream inventory (weekly, tons) is 40,686 with a decrease of 390; other inventory (weekly, tons) is 35,210 with an increase of 970; registered warehouse receipts (daily, tons) is 32,837 with no change [2] Profit Estimation - Cash cost of外购 lithium spodumene concentrate is 60,995 and the profit is - 1,189; cash cost of外购 lithium mica concentrate is 65,237 and the profit is - 6,929 [3]

继5月29日碳酸锂期货价格跌破6万元/吨关口后，市场对其触底的预期持续升温。每当碳酸锂期货盘中大幅拉升， 各大期货交易群内投资者都会展开激烈讨论。6月11日午后，碳酸锂期货价格出现快速走高，随着期货价格的大幅 拉升，投资者的交易热情再度被点燃。然而，投资者跑步进场之际，6月12日碳酸锂期货低开低走，再度下跌，令 市场陷入困惑。 "6月11日碳酸锂期货上涨，主因津巴布韦计划2027年起禁止锂精矿出口，叠加现货市场收货消息扰动，期货早盘 震荡偏强，午后拉涨至62100元/吨高点，随后价格回落。不过，从基本面看，资源端并无停减产动作，碳酸锂过 剩压力持续，这进一步导致6月12日期货价格回落。"光大期货有色研究员朱希接受《华夏时报》记者采访时表 示。 与此同时，创元期货分析师余烁在接受《华夏时报》记者采访时也表示，6—8月为传统淡季，碳酸锂需求增速通 常有限。期货下跌之后，碳酸锂现货成交边际转好，中下游存在低价采购行为，盘面仓单少量流出。总体而言， 低价刺激现货成交，但中下游仍以刚需采购为主，主动囤货意愿低迷。 不过，记者发现，新能源车销量仍在持续增长。6月11日中国汽车工业协会最新数据显示，今年前5个月，汽车产 销 ...

| 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | | 主力合约收盘价（日，元/吨） | 60,440.00 | -1240.00↓ 前20名净持仓（日，手） | -43,499.00 | -10012.00↓ | | 期货市场 | 主力合约持仓量（日，手） | 162,882.00 | -15353.00↓ 近远月合约价差（日，元/吨） | -60.00 | -20.00↓ | | | 广期所仓单（日，手/吨） | 32,837.00 | -110.00↓ | | | | 现货市场 | 电池级碳酸锂平均价（日，元/吨） | 60,650.00 | +150.00↑ 工业级碳酸锂平均价（日，万元/吨） | 59,050.00 | +150.00↑ | | | Li₂CO₃主力合约基差（日，元/吨） | 210.00 | +1390.00↑ | | | | 上游情况 | 锂辉石精矿(6%CIF中国)平均价（日，美元/吨） | 697.00 | 0.00 磷锂铝石平均价（日，元/吨） | 6,595.00 ...

利润估算 种类 外购锂辉石精矿现金成本 60937 H 利 tt -1280 王 外购锂辉石精矿利润 外购锂云母精矿现金成本 64891 外购锂云母精矿利润 -6730 y t 亿纬锂能计划赴港上市。6月9日晚间,亿纬锂能公告,为进一步提高资本实力和综合竞争力,提升国际化品牌形象, 行H股股票并在香港联交所主板挂牌上币。 中 H f小幅补库导致碳酸锂价格出现反弹。但矿价持续下跌的矛盾没有变，且价格反弹后，碳酸锂供给快速增加，而需求趋于平稳。预计随着 xili 员 免 国贸期货力求准确可靠,但不对上述信息的准确性及完整性做任何保证。本报告不构成个人投资建 告中的信息均源于公开可获得的资料, 对个别投资者特殊的投资目标、财务状况或需要，投资者需自行判断本报告中的任何意见或建议是否符合其特定状况，据此投资，责任自负。本报告仅向 特定客户推送，未经国贸期货授权许可，任何引用、转载以及向第三方传播的行为均构成对国贸期货的侵权,我司将视情况追究法律责任。 l TC国贸期货 世界500强投资 国贸期货有限公司 - 流的衍生品综合服务商 H www.itt.com. 48 2 n朗反 | | 锂云母 | 685 | 10 | ...

行业 碳酸锂期货日报 日期 2025 年 6 月 12 日 有色金属研究团队 研究员：张平 021-60635734 zhangping@ccb.ccbfutures.com 期货从业资格号：F3015713 研究员：余菲菲 021-60635729 yufeifei@ccb.ccbfutures.com 期货从业资格号：F3025190 研究员：彭婧霖 021-60635740 pengjinglin@ccb.ccbfutures.com 请阅读正文后的声明 期货从业资格号：F3075681 每日报告 一、 行情回顾与操作建议 图1：碳酸锂现货价及价差 图2：碳酸锂期货持仓量成交量 数据来源：Wind，建信期货研究发展部 数据来源：Wind，建信期货研究发展部 碳酸锂期货突破上行，总持仓增加 7201 手，中美关税谈判磋商进展顺利，市场乐 观情绪回升，主要工业品价格均上涨，叠加津巴布韦传来消息要从 2027 年禁止锂 精矿出口，碳酸锂期货涨幅居前。现货价继续小幅上涨，电碳涨 150 至 60500， 高品位锂辉石矿涨 45 元/吨，高品位锂云母矿涨 25 元/吨，矿价止跌上涨托底碳 酸锂价格，磷酸铁锂涨价 ...