Group 1: Military Industry New Materials - The price of electrolytic cobalt is 263,000 CNY/ton, unchanged from the previous week, with a cobalt price ratio of 0.86, down 0.5% [4] - Carbon fiber price is 83.8 CNY/kg, unchanged from the previous week, with a gross profit of -8.59 CNY/kg [4] Group 2: New Energy Vehicle Materials - The price of Li2O 5% lithium concentrate at China's port is 726 USD/ton, down 9.81% [5] - The prices of battery-grade lithium hydroxide, industrial-grade lithium hydroxide, and electric carbon are 78,900 CNY/ton, 77,000 CNY/ton, and 76,200 CNY/ton, down 4.2%, 4.35%, and 1.1% respectively [5] - The price of sulfuric cobalt is 53,200 CNY/ton, up 0.19% [5] - The prices of lithium iron phosphate and 523-type cathode materials are 34,300 CNY/ton and 113,300 CNY/ton, unchanged and down 0.4% respectively [5] - The price of neodymium oxide is 579.72 CNY/kg, down 2.9% [5] Group 3: Photovoltaic New Materials - The price of photovoltaic-grade polysilicon is 6.20 USD/kg, unchanged from the previous week [6] - The price of EVA is 10,800 CNY/ton, up 2.9%, remaining at a low level since 2013 [6] - The price of 3.2mm photovoltaic glass coating is 24.0 CNY/sqm, unchanged [6] Group 4: Nuclear Power New Materials - The prices of zirconium-related materials are stable, with prices for zirconium oxychloride, sponge zirconium, hafnium oxide, zirconium silicate, and zircon sand remaining unchanged [7] - The uranium price for June 2025 is 59.58 USD/lb, up 4.0% [7] Group 5: Consumer Electronics New Materials - The price of cobalt tetroxide is 213,000 CNY/ton, up 0.47% [9] - The price of lithium cobalt oxide is 175.0 CNY/kg, unchanged [9] - The prices of silicon carbide, high-purity gallium, crude indium, and refined indium are 5,300.00 CNY/ton, 1,755.00 CNY/kg, 2,445.00 CNY/kg, and 2,545.00 CNY/kg respectively, with high-purity gallium remaining unchanged and crude and refined indium down 1.2% [9] Group 6: Other Materials - The prices of platinum, rhodium, and iridium are 326.00 CNY/g, 1,815.00 CNY/g, and 1,195.00 CNY/g respectively, with rhodium down 1.1% [10]

Group 1: Military Industry New Materials - The price of electrolytic cobalt is 260,000 CNY/ton, unchanged from the previous week, with a cobalt price ratio of 0.88, down 1.0% [4] - Carbon fiber price is 83.8 CNY/kg, unchanged from the previous week, with a gross profit of -8.68 CNY/kg [4] Group 2: New Energy Vehicle Materials - The price of Li2O 5% lithium concentrate at China's port is 864 USD/ton, up 29.15% week-on-week [5] - Prices for battery-grade lithium hydroxide, industrial-grade lithium carbonate, and electrolytic-grade lithium carbonate are 75,500 CNY/ton, 73,300 CNY/ton, and 70,400 CNY/ton, respectively, with increases of 5.1%, 5.17%, and 7.2% [5] - Cobalt sulfate price is 52,000 CNY/ton, up 1.96% [5] - Prices for lithium iron phosphate and 523-type cathode materials are 34,300 CNY/ton and 114,500 CNY/ton, respectively, with increases of 5.05% and 2.7% [5] - The price of praseodymium-neodymium oxide is 557.62 CNY/kg, up 6.9% [5] Group 3: Photovoltaic New Materials - The price of photovoltaic-grade polysilicon is 4.94 USD/kg, unchanged from the previous week [6] - EVA price is 10,100 CNY/ton, unchanged, at a low level since 2013 [6] - The price of 3.2mm photovoltaic glass coating is 24.0 CNY/sqm, unchanged [6] Group 4: Nuclear Power New Materials - Prices for zirconium oxychloride, sponge zirconium, hafnium oxide, zirconium silicate, and zircon sand are 14,250 CNY/ton, 150 CNY/kg, 9,000 CNY/kg, 13,750 CNY/ton, and 14,012.5 CNY/ton, respectively, with changes of -3.4%, 0%, 0%, -1.4%, and 0% [7] - Uranium price for June 2025 is 59.58 USD/lb, up 4.0% [7] Group 5: Consumer Electronics New Materials - The price of cobalt oxide is 210,000 CNY/ton, unchanged [8] - The price of lithium cobalt oxide is 175.0 CNY/kg, unchanged [8] - The price of silicon carbide is 5,300.00 CNY/ton, down 1.9% [8] - Prices for high-purity gallium, crude indium, and refined indium are 1,755.00 CNY/kg, 2,555.00 CNY/kg, and 2,655.00 CNY/kg, with changes of 0%, -0.8%, and -0.7% respectively [8] - The price of germanium dioxide is 9,550 CNY/kg, unchanged, with 50% used for optical fibers and 15% for electronics and solar devices [8] Group 6: Other Materials - Prices for platinum, rhodium, and iridium are 325.00 CNY/g, 2,025.00 CNY/g, and 1,305.00 CNY/g, with changes of +0.9%, +6.0%, and 0% respectively [9]

Group 1: Military Industry New Materials - The price of electrolytic cobalt has increased to 265,000 CNY/ton, a week-on-week increase of 6.9% [3] - The price ratio of electrolytic cobalt to cobalt powder is 0.95, up by 4.5% week-on-week; the price ratio of electrolytic cobalt to cobalt sulfate is 5.15, up by 6.2% [3] - Carbon fiber price remains at 83.8 CNY/kg with a gross profit of -8.24 CNY/kg [3] Group 2: New Energy Vehicle Materials - The CIF price of Li2O 5% lithium concentrate is 677 USD/ton, down by 4.51% week-on-week [4] - Prices for battery-grade lithium hydroxide, industrial-grade lithium carbonate, and battery-grade lithium carbonate are 73,200 CNY/ton, 70,200 CNY/ton, and 65,200 CNY/ton, with week-on-week increases of 7.9%, 6.95%, and 8.2% respectively [4] - The price of cobalt sulfate is 50,800 CNY/ton, up by 2.01% week-on-week [4] - Prices for lithium iron phosphate and 523-type cathode materials are 32,700 CNY/ton and 111,000 CNY/ton, remaining stable with slight increases of 0% and 0.4% respectively [4] - The price of neodymium oxide is 531.15 CNY/kg, up by 3.5% week-on-week [4] Group 3: Photovoltaic New Materials - The price of photovoltaic-grade polysilicon is 4.94 USD/kg, remaining stable [5] - EVA price is 10,100 CNY/ton, down by 0.5%, at a low level since 2013 [5] - The price of 3.2mm photovoltaic glass coating remains at 24.0 CNY/sqm [5] Group 4: Nuclear Power New Materials - Prices for zirconium-related materials are stable, with prices for zirconium oxychloride, sponge zirconium, hafnium oxide, zirconium silicate, and zircon sand at 14,750 CNY/ton, 150 CNY/kg, 9,000 CNY/kg, 13,950 CNY/ton, and 14,012.5 CNY/ton respectively [6] - The uranium price is projected to be 59.58 USD/lb in June 2025, up by 4.0% [6] Group 5: Consumer Electronics New Materials - The price of cobalt tetroxide is 207,500 CNY/ton, up by 2.47% week-on-week [7] - The price of lithium cobalt oxide is stable at 175.0 CNY/kg [7] - The price of silicon carbide remains at 5,400.00 CNY/ton [7] - Prices for high-purity gallium, crude indium, and refined indium are 1,755.00 CNY/kg, 2,575.00 CNY/kg, and 2,675.00 CNY/kg, with changes of -1.7%, 0%, and 0% respectively [7] - The price of germanium dioxide is stable at 9,800 CNY/kg, with 50% used for optical fibers and 15% for electronics and solar devices [7] Group 6: Other Materials - The prices for platinum, rhodium, and iridium are 312.00 CNY/g, 1,865.00 CNY/g, and 1,305.00 CNY/g, with changes of -6.3%, +9.4%, and +5.7% respectively [8]

Summary of Key Points Core Viewpoint - The article discusses the recent price trends of various materials in different sectors, highlighting significant changes in the prices of cobalt, lithium, and other new energy materials, as well as the implications for the respective industries. Group 1: Military Industry Materials - The price of electrolytic cobalt is 250,000 CNY/ton, with a week-on-week increase of 0.8% [3] - The price of carbon fiber remains stable at 83.8 CNY/kg, with a gross profit of -8.51 CNY/kg [3] - Beryllium prices are unchanged this week [3] Group 2: New Energy Vehicle Materials - The price of Li2O 5% lithium concentrate at the Chinese port is 582.5 USD/ton, reflecting a week-on-week increase of 6.88% [4] - The prices of electric carbon, industrial carbon, and battery-grade lithium hydroxide are 61,300 CNY/ton, 59,800 CNY/ton, and 57,700 CNY/ton, with respective changes of +1.6%, +1.91%, and -1.1% [4] - The price of cobalt sulfate is 48,900 CNY/ton, with a slight increase of 0.10% [4] - The prices of lithium iron phosphate and 523-type cathode materials are 30,500 CNY/ton and 105,600 CNY/ton, with changes of +0.50% and 0.0% respectively [4] - The price of praseodymium-neodymium oxide is 446.13 CNY/kg, with a week-on-week increase of 0.5% [4] Group 3: Photovoltaic Materials - The price of photovoltaic-grade polysilicon is 4.22 USD/kg, remaining stable [5] - The price of EVA is 10,400 CNY/ton, showing a decrease of 0.5%, but remains at a high level since 2013 [5] - The price of 3.2mm photovoltaic glass coating is 24.0 CNY/square meter, unchanged from the previous week [5] Group 4: Nuclear Power Materials - The prices of zirconium-related materials are as follows: oxychloride zirconium at 14,750 CNY/ton, sponge zirconium at 152.5 CNY/kg, and hafnium oxide at 9,000 CNY/kg, with no significant changes [6] - The uranium price is 57.31 USD/pound, reflecting an increase of 8.8% [6] Group 5: Consumer Electronics Materials - The price of cobalt tetroxide is 194,500 CNY/ton, with a week-on-week increase of 0.52% [7] - The price of lithium cobalt oxide is 175.0 CNY/kg, remaining stable [7] - The prices of silicon carbide, high-purity gallium, crude indium, and refined indium are 5,400.00 CNY/ton, 1,845.00 CNY/kg, 2,425.00 CNY/kg, and 2,525.00 CNY/kg respectively, all unchanged [7] - The price of germanium dioxide is 9,800 CNY/kg, also stable [7] Group 6: Other Materials - The prices of platinum, rhodium, and iridium are 326.00 CNY/g, 1,455.00 CNY/g, and 1,135.00 CNY/g respectively, with platinum showing a decrease of 2.1% [8]

Investment Rating - The report maintains an "Overweight" rating for the non-ferrous metals sector [5]. Core Insights - The report highlights a recent increase in the price of electrolytic cobalt, which reached 250,000 CNY/ton, reflecting a 0.8% week-on-week increase. The price ratio of electrolytic cobalt to cobalt powder is 0.93, also up by 0.8% [1][10]. - The lithium carbonate price has seen a rise, with the Li2O 5% lithium concentrate CIF price at 582.5 USD/ton, marking a 6.88% increase [2]. - The report suggests a continued positive outlook for the metal new materials sector, particularly in lithium and cobalt, with specific companies recommended for investment [4]. Summary by Sections Non-Ferrous Metals - Electrolytic cobalt price is 250,000 CNY/ton, up 0.8% week-on-week. The price ratio of electrolytic cobalt to cobalt powder is 0.93, up 0.8% [1][10]. - Carbon fiber price remains stable at 83.8 CNY/kg, with a gross profit of -8.51 CNY/kg [1]. - Beryllium price remains unchanged [1]. New Energy Vehicle Materials - The price of lithium carbonate has increased to 582.5 USD/ton, reflecting a 6.88% rise [2]. - The prices for electric carbon, industrial carbon, and battery-grade lithium hydroxide are 61,300 CNY/ton, 59,800 CNY/ton, and 57,700 CNY/ton, respectively, with week-on-week changes of +1.6%, +1.91%, and -1.1% [2][29]. - The price of lithium iron phosphate and 523-type cathode materials are 30,500 CNY/ton and 105,600 CNY/ton, respectively, with a week-on-week increase of 0.50% and no change [2]. Nuclear Power Materials - Uranium price has risen to 57.31 USD/lb, up 8.8% [3]. - Prices for zirconium-related materials remain stable, with no significant changes reported [3]. Consumer Electronics Materials - The price of cobalt tetroxide has increased to 194,500 CNY/ton, up 0.52% [3]. - Silicon carbide price remains stable at 5,400 CNY/ton [3]. Other Materials - Platinum price has decreased to 326 CNY/g, down 2.1% [3].

Group 1: Military Industry New Materials - The price of electrolytic cobalt remains stable at 236,000 CNY/ton, with a week-on-week change of +0% [3] - The price of carbon fiber is 83.8 CNY/kg, also unchanged, with a gross profit of -8.56 CNY/kg [3] - Beryllium prices are stable this week [3] Group 2: New Energy Vehicle Materials - The price of Li2O 5% lithium concentrate at the Chinese port is 540 USD/ton, down by -0.92% week-on-week [4] - The prices of battery-grade lithium hydroxide, industrial-grade lithium hydroxide, and electric carbon are 59,800 CNY/ton, 60,600 CNY/ton, and 60,600 CNY/ton respectively, with changes of -0.1%, +1.21%, and -2.3% [4] - The price of cobalt sulfate is 47,700 CNY/ton, unchanged [4] - The prices of lithium iron phosphate and 523-type cathode materials are 30,300 CNY/ton and 104,800 CNY/ton, with changes of +0% and -0.7% respectively [4] - The price of praseodymium-neodymium oxide is 444.11 CNY/kg, up by +0.8% [4] Group 3: Photovoltaic New Materials - The price of photovoltaic-grade polysilicon is 4.25 USD/kg, down by -0.7% [5] - The price of EVA is 10,450 CNY/ton, unchanged, remaining at a high level since 2013 [5] - The price of 3.2mm photovoltaic glass coating is 24.0 CNY/square meter, unchanged [5] Group 4: Nuclear Power New Materials - The prices of zirconium-related materials are as follows: zirconium oxychloride at 14,750 CNY/ton, sponge zircon at 155 CNY/kg, hafnium oxide at 9,000 CNY/kg, zirconium silicate at 14,225 CNY/ton, and zircon sand at 14,012.5 CNY/ton, with various week-on-week changes [6] - The uranium price for May 2025 is 57.31 USD/pound, up by +8.8% [6] Group 5: Consumer Electronics New Materials - The price of cobalt oxide is 186,500 CNY/ton, unchanged, while lithium cobalt oxide is priced at 175.0 CNY/kg, also unchanged [7] - The price of silicon carbide is 5,600.00 CNY/ton, unchanged [7] - The prices of high-purity gallium, crude indium, and refined indium are 1,865.00 CNY/kg, 2,425.00 CNY/kg, and 2,525.00 CNY/kg respectively, with changes of -0.5%, +0%, and +0% [7] - The price of germanium dioxide is 9,900 CNY/kg, unchanged, with 50% used for optical fibers and 15% for electronic and solar devices; high-purity gallium is primarily used in semiconductors [7]

1. Report Industry Investment Rating - No relevant content provided 2. Core View of the Report - The lithium carbonate futures continued to fluctuate at the bottom, with the total open interest decreasing by 7,341 lots and the long - short game continuing to decline. The spot price increased during the day, with the price of electric carbon rising by 100 to 60,350. The prices of spodumene and lepidolite ore stopped falling, the price of lithium iron phosphate increased by 20 - 30, and the price of ternary materials decreased by 50 - 180. The price cut tide in the industrial chain slowed down, and there were no new changes in the fundamentals. The lithium carbonate futures once broke through the trend line during the day, but the upward trend was frustrated again due to the news of China - US negotiations. In the short term, lithium carbonate is still brewing a rebound, but the momentum is still insufficient. Before the demand side picks up, the price of lithium carbonate futures is expected to continue to fluctuate weakly at the bottom [8] 3. Summary by Relevant Catalogs 3.1. Market Review and Operation Suggestions - The lithium carbonate futures continued to fluctuate at the bottom, with a decrease in total open interest and weak short - term rebound momentum. The price is expected to continue weak bottom - side fluctuations before the demand side recovers [8] 3.2. Industry News - Talon Metals plans to raise about C$24 million (US$17.6 million) for its Tamarack nickel - copper - cobalt project in Minnesota. The financing will be carried out through two independent financings, and the company's stock price tumbled as investors digested the pricing. Tamarack is a joint - venture project with Rio Tinto, which holds 51% of the equity [9] - Premium Resources has changed its name to NexMetals Mining to reflect its strategy of supplying key metals such as copper, nickel, and cobalt from Botswana. The name - change plan was approved by shareholders, and its stock will start trading under the new name and ticker "NEXM" on the TSX - V on June 11. The company announced a six - month aggressive strategy in April [9] - The Mianyang Liyuan New Energy Co., Ltd.'s project to produce 12 million lithium - ion energy - storage cells per year in Yanting County, Mianyang City, Sichuan Province, is under environmental impact assessment. The project plans to invest 50 million yuan and purchase more than 100 sets of intelligent equipment to form an annual production capacity of 12 million lithium - ion energy - storage cells [10]

Summary of Key Points Core Viewpoint - The report provides an overview of the current prices and trends in various new materials across different sectors, highlighting price stability in some areas while noting fluctuations in others. Group 1: Military Industry New Materials - The price of electrolytic cobalt remains stable at 240,000 CNY/ton, with a week-on-week change of +0% [2] - The price of carbon fiber is 83.8 CNY/kg, also unchanged, with a gross profit of -8.68 CNY/kg [2] - Beryllium prices are stable [2] Group 2: New Energy Vehicle Materials - The price of Li2O 5% lithium concentrate has reached 708 USD/ton, reflecting a week-on-week increase of +2.46% [3] - Prices for electric carbon, industrial carbon, and battery-grade lithium hydroxide are 65,600 CNY/ton, 63,900 CNY/ton, and 65,900 CNY/ton, showing decreases of -4.3%, -4.29%, and -1.5% respectively [3] - The price of praseodymium and neodymium oxide is 433.70 CNY/kg, with a week-on-week increase of +2.5% [3] Group 3: Photovoltaic New Materials - The price of photovoltaic-grade polysilicon is 4.30 USD/kg, down by -0.9% [4] - EVA prices are at 11,100 CNY/ton, decreasing by -1.3% but remaining at a high level since 2013 [4] - The price of 3.2mm photovoltaic glass coating is stable at 24.0 CNY/sqm [4] Group 4: Nuclear Power New Materials - Prices for zirconium-related materials show mixed trends, with uranium prices increasing to 52.17 USD/lb, up by +0.6% [5] - Other zirconium prices are stable or slightly decreased [5] Group 5: Consumer Electronics New Materials - The price of high-purity gallium has decreased to 1,900.00 CNY/kg, down by -1.3% [6] - The price of germanium dioxide is stable at 9,900 CNY/kg, with 50% used for optical fibers and 15% for electronics and solar devices [6] Group 6: Other Materials - The prices of platinum, rhodium, and iridium are 243.00 CNY/g, 1,465.00 CNY/g, and 1,045.00 CNY/g respectively, with rhodium increasing by +2.1% [7]

Group 1: Military Industry New Materials - The price of electrolytic cobalt remains stable at 240,000 CNY/ton, with no change compared to the previous week [2] - The price of carbon fiber is 83.8 CNY/kg, also unchanged, with a gross profit of -18.31 CNY/kg [2] Group 2: New Energy Vehicle Materials - The price of Li2O 5% lithium concentrate has reached 732 USD/ton, with no change [3] - The prices of electric carbon, industrial carbon, and battery-grade lithium hydroxide are 72,200 CNY/ton, 70,600 CNY/ton, and 68,900 CNY/ton, showing decreases of 1.4%, 0.8%, and 0.4% respectively [3] - The price of praseodymium and neodymium oxide is 415.67 CNY/kg, down by 2.8% [3] Group 3: Photovoltaic New Materials - The price of photovoltaic-grade polysilicon is 4.58 USD/kg, down by 7.1% [4] - The price of EVA is 11,500 CNY/ton, remaining stable at a high level since 2013 [4] - The price of 3.2mm photovoltaic glass coating is 24.0 CNY/sqm, unchanged [4] Group 4: Nuclear Power New Materials - The prices of zirconium-related materials such as zirconium oxychloride and sponge zirconium remain stable, while uranium price is 51.83 USD/lb, down by 4.6% [5] Group 5: Consumer Electronics New Materials - The price of cobalt oxide is 187,000 CNY/ton, unchanged [6] - The price of silicon carbide is 5,700 CNY/ton, also stable, while high-purity gallium, crude indium, and refined indium prices are 1,925 CNY/kg, 2,575 CNY/kg, and 2,675 CNY/kg respectively, all unchanged [6] Group 6: Other Materials - The price of rhodium has decreased [7] Group 7: Precious Metals - The prices of platinum, rhodium, and iridium are 240.00 CNY/g, 1,400.00 CNY/g, and 1,055.00 CNY/g respectively, with platinum up by 2.1% and rhodium down by 4.8% [9]