关注公众号，点击公众号主页右上角" ··· "，设置星标 "⭐" ，关注 鑫椤锂电 资讯~ 本文来源：鑫椤锂电 2025 年 9 月 16 日，以 " 产业链超预期 ！ 拒绝内卷，集体上岸 " 为主题的直播活动顺利开展 。 在直播中， 鑫椤 资讯 高级 研究员 张金惠 展示了电池产业链的强劲发展势头和多个关键领域的最新数据。 反内卷政策成效显著，多行业迎来变革 近期， "反内卷"政策在新能源汽车、光伏、钢铁等多个重点工业行业引发了深刻变革。自中央财经委员会明确推动落 后产能有序退出，以及政治局会议强调推进重点行业产能治理以来，一个多月内，"反内卷"已成为行业共识。 在锂电 产业领域， 2025年上半年各家上市公司财报显示，产业链基本陷入低价竞争当中。尽管部分行业协会提出自律方案， 但是仅通过行业自律是很难实现产能出清的。张研究员认为最终还是要通过顶层设计，持续出牌才能淘汰落后产能，提 升企业利润。 新能源汽车及储能市场政策助力，前景广阔 在政策利好的推动下，新能源汽车和储能市场迎来了前所未有的发展机遇。八部门联合发布的《汽车行业稳增长工作方 案（ 2025—2026年）》明确提出，2025年新能源汽车销量将达 ...

格隆汇9月17日丨富临精工(300432.SZ)在投资者互动平台表示，公司技术创新、产品升级与客户技术创 新升级趋势及市场需求紧密结合，公司将根据市场和客户需求，持续推进技术迭代和产品升级，加大对 新能源电池材料相关领域的前瞻性研究和投入，公司正极材料产品可以应用于固态电池。 ...

ITG国贸期货 投资咨询业务资格:证监许可【2012】31号 炭酸锂数据日报 谢灵 投资咨询号:Z0015788 从业资格号:F3040017 国贸期货研究院 2025/09/16 有色金属研究中心 研究助理 陈宇森 从业资格号: F03123927 SMM. 公十新闻整理 据来源: 100000 锂化合物 平均价 SMM电池级碳酸锂 72450 3000 80000 SMM工业级碳酸锂 70200 0 2500 收盘价 涨跌幅 期货合约 60000 2000 碳酸锂2510 2. 28% 72520 碳酸锂2511 72680 2. 31% 40000 碳酸锂2512 2. 3% 72880 1000 碳酸锂2601 > 72880 2. 36% 500 碳酸锂2602 72660 1.99% 平均价 锂矿 锂辉石精矿(CIF中国) 848 0 = (120.5 5%-6%) 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 ...

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。 IC 国贸期货 工程500强投 贸期货有限公司 ·流的衍生品综合服务商 www.itt.com other ITG国贸期货 投资咨询业务资格:证监许可【2012】31号 炭酸锂数据日报 谢灵 投资咨询号:Z0015788 从业资格号:F3040017 国贸期货研究院 2025/09/15 有色金属研究中心 研究助理 陈宇森 从业资格号: F03123927 SMM. 公十新闻整理 据来源: 100000 锂化合物 平均价 SMM电池级碳酸锂 72450 -400 3000 80000 SMM工业级碳酸锂 70200 -400 2500 收盘价 涨跌幅 期货合约 60000 2000 碳酸锂2509 71180 0. 54% 71020 碳酸锂2510 0.62% 40000 碳酸锂2511 0. 71% 71160 1000 碳酸锂2512 71360 ...

Core Viewpoint - The article highlights the dynamic changes in Malaysia's position as a key node in Southeast Asia's electric vehicle supply chain, with companies like Xinzhoubang and KedaLi making strategic decisions based on regional advantages and market conditions [3][8]. Group 1: Company Developments - Xinzhoubang's factory in Malaysia has successfully commenced operations, marking it as the first Chinese electrolyte manufacturer to achieve localized production and delivery in Southeast Asia [3]. - The factory, located in Kedah's Kulim Hi-Tech Park, took approximately seven months from registration to delivery, supported by the Kedah State Investment Development Corporation [3]. - Star Source Materials has also launched its first phase of production in Malaysia, with an annual capacity of 2 billion square meters and an investment close to 5 billion RMB, indicating strong market demand from global battery manufacturers [5]. Group 2: Investment Trends - Several lithium battery material companies are investing in Malaysia, including Shantai Technology, which plans to invest $154 million to build a 50,000-ton annual capacity for anode materials [6]. - Other companies, such as Jinyang Co. and Hunan Youneng, have announced plans to establish production facilities in Malaysia, contributing to a relatively complete battery supply chain in the region [6]. Group 3: Strategic Shifts - KedaLi announced a shift of its planned investment from Malaysia to Thailand, reducing the investment from up to 600 million RMB to 210 million RMB, citing better location conditions, policy support, and industrial chain collaboration in Thailand [7][8]. - This decision reflects a broader trend of companies dynamically assessing and comparing investment environments and benefits across different countries and regions [8].

（文章来源：证券日报） 证券日报网讯富临精工9月15日在互动平台回答投资者提问时表示，公司技术创新、产品升级与客户技 术创新升级趋势及市场需求紧密结合，公司将根据市场和客户需求，持续推进技术迭代和产品升级，加 大对新能源电池材料相关领域的前瞻性研究和投入，公司正极材料产品可以应用于固态电池。 ...

Core Viewpoint - The article highlights the rapid development of the lithium battery industry chain in Morocco, driven by Chinese companies, which is creating a new growth engine for the global renewable energy sector [1]. Industry Chain Core Projects - Guoxuan High-Tech is investing approximately $6.8 billion to build Africa's first electric vehicle battery super factory in Morocco, with a planned capacity of 100 GWh, starting with 20 GWh expected to be operational by 2026 [3]. - BTR New Materials Group is investing about $849 million in Tangier to establish a factory with an annual production capacity of 50,000 tons of positive materials and 36,000 tons of negative materials, capable of supplying around 500,000 electric vehicles [4]. - Sichuan Yahua is collaborating with LG Energy Solution to invest over $500 million in a lithium hydroxide refining plant, which is expected to create over 430 direct jobs and ensure high-value utilization of local lithium resources [5]. - Zhongwei Co., Ltd. is investing $2 billion in a joint venture with Al Mada to build an NMC, LFP, and battery recycling project in Jorf Lasfar, with an annual capacity to support over 1 million electric vehicles [6]. Strategic Advantages of Morocco - Morocco holds about 70% of the world's phosphate reserves, a key source for LFP battery materials, and benefits from a low-cost production environment, with battery production costs 36% lower than in other countries [8]. - The Moroccan government aims to increase annual automotive production capacity to 1.4 million vehicles by 2030, aligning with the investment plans of Chinese companies [8]. Global Market Layout Strategic Significance - Investments by Chinese companies in Morocco are part of a broader global market strategy, allowing them to bypass trade barriers and access the U.S. market through free trade agreements [10]. - The establishment of a complete battery industry chain in Morocco enables Chinese companies to serve global markets, creating a "Made in Morocco, Sold Globally" model [10]. Industry Chain Coordination Effects - The investments have created a "chain effect," integrating various components of the battery supply chain, which reduces production costs and enhances supply chain stability [12]. - The Moroccan government supports this industry chain development by providing financial backing and facilitating administrative processes, ensuring smooth project execution [12].

Core Viewpoint - The article emphasizes the significant growth and global expansion of China's lithium battery industry, highlighting the need for companies to adopt a more rational and cautious approach to overseas ventures, balancing policy, market, and cost considerations [4][42]. Group 1: Lithium Battery Segment - CATL's overseas revenue reached 61.208 billion yuan in the first half of the year, accounting for 34.22% of total revenue, with a year-on-year increase of 21.14% [8]. - BYD exported 89.9 GWh of power batteries and energy storage systems in the first half of the year, a year-on-year increase of 58.4%, capturing a global market share of 17.8% [9][10]. - EVE Energy's overseas revenue for the first half of 2025 was 6.969 billion yuan, a year-on-year increase of 28.05%, with a gross margin of 21.71% [11]. - Guoxuan High-Tech's overseas revenue was 6.4 billion yuan, accounting for 33% of total revenue, with a focus on expanding production capacity in Thailand, Vietnam, and Morocco [13][14]. - A new trend in the industry is the shift from simple product exports to comprehensive overseas strategies, including technology, capital, and project investments [43]. Group 2: Positive Developments in the Industry - The article notes that many leading lithium battery companies have overcome previous overcapacity issues and are now experiencing full order books for overseas factories, such as CATL's German factory and EVE Energy's Indonesian project [44]. - The article highlights the supportive policies from Chinese customs to facilitate the export of lithium batteries, which are classified as hazardous goods [45]. - Southeast Asia is identified as a key market for lithium battery companies, with favorable policies and abundant resources, making it an attractive base for expansion [46]. Group 3: Emerging Markets and Strategic Considerations - The article discusses the complexities of entering European and North American markets, where Chinese companies face high barriers but also opportunities due to the lack of established local supply chains [46]. - Emerging markets in Africa, the Middle East, and South America are seen as important areas for energy storage and solar power projects, requiring companies to understand local regulations and policies [47].

种类 利润估算 73549 外购锂辉石精矿现金成本 H 利 tt 王 -1761 外购锂辉石精矿利润 77368 F 外购锂云母精矿现金成本 外购锂云母精矿利润 -7563 、9月10日，期货目报记者求证获悉，宁德时代控股子公司宣春时代新能源矿业有限公司于9月9日召开了"视下窝锂矿复产工作会议"，讨论 推进视下窝锂矿复产工作。据悉，此次召开会议，给公司内部的办证小组下达了任务目标，争取能够在今年11月完成视下窝的复产工作。但能 IT V 否如期达成复产目标,尚未有定论,后续或根据实际推进情况进行灵活调整。 2、据新华社消息，为落实国务院常务会议关于切实规范新能源汽车产业竞争秩序部署要求，工业和信息化部、中央社会工作部、中央网信办 国家发展改革委、公安部、市场监管总局等六部门近目联合印发《关于开展汽车行业网络乱象专项整治行动的通知》，决定在全国范围内开展 为期3个月的汽车行业网络乱象专项整治行动。 十 锂云母提锂从之前的收缩改为扩张预期. 预计将激发市场空头情绪,短期内期价或偏空运 宁德时代机下室 理财 预计很快复产 员 免 告中的信息均源于公开可获得的资料,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 ...

与投资者同行 为价值共筑——天津辖区上市公司2025年投资者网上集体接待日暨半年报业绩说明会9月 11日在全景网举行。盟固利（301487）董事会秘书胡杰表示，公司的正极材料在终端可应用于各类新能 源汽车，未来公司将不断推动正极材料产品研发工作，积极开展产品迭代，形成从中镍高电压、高镍、 超高镍等多种产品矩阵，以适应不同层级客户需求。 ...