新能源及有色金属日报 | 2025-09-19 消费端仍有支撑，碳酸锂库存继续去化 市场分析 2025-09-18，碳酸锂主力合约2511开于73120元/吨，收于72880元/吨，当日收盘价较昨日结算价变化-0.74%。当日 成交量为502269手，持仓量为281411手，前一交易日持仓量294624手，根据SMM现货报价，目前基差为-150元/吨 （电碳均价-期货）。当日碳酸锂仓单39354手，较上个交易日变化120手。 碳酸锂现货：根据SMM数据，电池级碳酸锂报价72700-74200元/吨，较前一交易日变化300元/吨，工业级碳酸锂报 价70600-71800元/吨，较前一交易日变化300元/吨。6%锂精矿价格830美元/吨，较前一日变化5美元/吨。据SMM数 据，下游材料厂逢跌点价采购比较活跃，价格反弹后则回归谨慎观望。当前正值行业需求旺季，下游材料厂存在 一定国庆节前备库需求，在价格处于相对低位时采购意愿较强。供应方面，以锂辉石为原料生产的碳酸锂占比已 超过60%，成为市场供给的重要支撑；锂云母原料所产碳酸锂占比则下降至15%。整体来看，9月市场呈现供需同 步增长、但需求增速更快的态势，预计当月将 ...

Core Viewpoint - The approval of the lithium carbonate project by Jiangxi Xiangnan New Energy Co., Ltd. highlights the ongoing development in the lithium industry, despite current challenges in pricing and profitability [1][3]. Group 1: Project Overview - Jiangxi Xiangnan New Energy Co., Ltd. has received approval for a lithium carbonate project with an annual production capacity of 15,000 tons, located in Danyu Industrial Park, Jiangxi, with a total investment of 2.1 billion yuan [1][2]. - The project includes various facilities such as roasting production areas, battery-grade lithium carbonate workshops, and environmental protection facilities, with an environmental investment of 25 million yuan, accounting for 1.19% of the total investment [1][2]. Group 2: Market Context - Jiangxi province is a key area for upstream lithium carbonate projects, holding approximately 40% of the national lithium mica resources, earning it the title "Asia's Lithium Capital" [2]. - The city of Ganzhou has identified lithium resource reserves close to 30 million tons, supporting a comprehensive new energy industry chain from lithium battery materials to recycling [2]. Group 3: Pricing Challenges - The price of lithium carbonate has been in a downward trend, dropping to around 61,000 yuan per ton in June, a 33% decrease from over 80,000 yuan per ton at the beginning of the year [3]. - Many leading lithium companies are facing losses, with Tianqi Lithium Industries reporting a loss of 7.905 billion yuan, the highest since its listing, prompting some companies to halt investments in lithium carbonate projects [3].