智通财经获悉，天齐锂业(09696)涨超3%，截至发稿，涨3.57%，报49.26港元，成交额1.89亿港元。 太平洋证券此前指，2025前三季度，全球锂电池产量超过1000GWh，对碳酸锂的需求的拉动持续强 劲，碳酸锂价格企稳，底部区域震荡。公司还积极布局新兴锂电池材料技术，为下一代锂电池的发展做 准备。 本文源自：智通财经网 消息面上，据高工锂电，11月24日，"2025年第二届中国国际锂业大会"在成都启幕。会上，天齐锂业不 仅对行业供需格局给出了"回暖"的积极研判，更重磅披露了其在全固态电池核心材料——硫化锂领域的 颠覆性技术突破，标志着天齐正加速从"资源与加工"向"前沿新材料研发"的深度转型。目前，天齐自主 设计的年产50吨硫化锂中试线正加速建设，预计2026年下半年建成。 ...

消息面上，据高工锂电，11月24日，"2025年第二届中国国际锂业大会"在成都启幕。会上，天齐锂业不 仅对行业供需格局给出了"回暖"的积极研判，更重磅披露了其在全固态电池核心材料——硫化锂领域的 颠覆性技术突破，标志着天齐正加速从"资源与加工"向"前沿新材料研发"的深度转型。目前，天齐自主 设计的年产50吨硫化锂中试线正加速建设，预计2026年下半年建成。 太平洋证券此前指，2025前三季度，全球锂电池产量超过1000GWh，对碳酸锂的需求的拉动持续强 劲，碳酸锂价格企稳，底部区域震荡。公司还积极布局新兴锂电池材料技术，为下一代锂电池的发展做 准备。 天齐锂业（002466）(09696)涨超3%，截至发稿，涨3.57%，报49.26港元，成交额1.89亿港元。 ...

消息面上，据高工锂电，11月24日，"2025年第二届中国国际锂业大会"在成都启幕。会上，天齐锂业不 仅对行业供需格局给出了"回暖"的积极研判，更重磅披露了其在全固态电池核心材料——硫化锂领域的 颠覆性技术突破，标志着天齐正加速从"资源与加工"向"前沿新材料研发"的深度转型。目前，天齐自主 设计的年产50吨硫化锂中试线正加速建设，预计2026年下半年建成。 太平洋证券此前指，2025前三季度，全球锂电池产量超过1000GWh，对碳酸锂的需求的拉动持续强 劲，碳酸锂价格企稳，底部区域震荡。公司还积极布局新兴锂电池材料技术，为下一代锂电池的发展做 准备。 智通财经APP获悉，天齐锂业(09696)涨超3%，截至发稿，涨3.57%，报49.26港元，成交额1.89亿港元。 ...

Market Overview - On November 28, A-shares opened slightly lower, with the Shanghai Composite Index down 0.11% at 3870.94 points, the Shenzhen Component Index down 0.04% at 12869.66 points, and the ChiNext Index down 0.04% at 3029.98 points [1] - The market saw gains in sectors such as precious metals, while small metals and short drama games faced declines [1] - Notable stocks included Guosheng Technology, which opened up 1.23%, and Furi Shares, which opened down 4.00% [1] Company News - Dongxin Co., Ltd. signed a strategic cooperation framework agreement with a leading domestic cloud computing service provider to collaborate on various technology solutions [2] - Tianpu Co. applied for a stock suspension starting November 28, 2025, to protect investor interests [2] - Fule New Materials has successfully transitioned from a material supplier to a smart sensing solution provider with its "electronic skin" product [2] - Wantong Development is progressing with its strategic transformation involving Shudu Technology, which is currently in a loss-making state [2] - Moer Thread's recent share issuance saw 16.77 million shares subscribed, raising 1.917 billion yuan [2] Industry Insights - The AI glasses market is seeing growth with Alibaba's launch of the Quark AI glasses, which integrate various services from its ecosystem [5] - The AI unicorn "Moon's Dark Side" is nearing the end of its latest funding round, with a valuation expected to reach approximately $4 billion [6] - Chongqing's government has introduced policies to support the low-altitude economy, offering subsidies up to 20 million yuan [7] - The lithium battery supply chain is strengthening with long-term supply agreements totaling 159.5 thousand tons [8] - The consumer electronics sector is expanding, with a total of 230 million product varieties available in China [9] - The film industry is experiencing success with "Zootopia 2" achieving a record box office on its opening day [10] - The ice and snow economy is gaining traction, with increased flight bookings to popular destinations [11] Institutional Perspectives - Huatai Securities predicts rapid growth for satellite industry-related stocks due to advancements in reusable rockets and reduced launch costs [12] - Zhongyuan Securities highlights the solar industry entering a capacity clearing cycle, suggesting improved performance for existing companies [13] - Tianfeng Securities notes the rapid development of China's medical beauty market, with significant growth potential in various segments [14]

Core Viewpoint - The article emphasizes the importance of technological innovation in navigating the lithium industry cycle, highlighting the strategic shift of leading companies towards next-generation technologies and materials [2][6]. Group 1: Industry Trends - The lithium industry is experiencing a rebalancing of supply and demand, with positive forecasts for recovery [2]. - Emerging sectors such as aerospace, low-altitude economy (flying cars), and artificial intelligence are driving new demand for lithium, beyond traditional energy storage and power batteries [5]. - The breakthrough in solid-state battery technology significantly enhances the industry's resilience, providing greater development space for companies as supply-demand dynamics improve [6]. Group 2: Technological Innovations - Tianqi Lithium has made significant advancements in solid-state battery materials, particularly in lithium sulfide, marking a transition from resource processing to cutting-edge material research [2][12]. - The company has successfully addressed critical challenges in lithium sulfide production, reducing the reaction temperature from 800°C to 350°C through a novel "low-temperature slurry reduction" process [9]. - This innovation leads to a 40% reduction in energy consumption and lowers production costs to 60% of the industry average, effectively removing a major cost barrier to solid-state battery commercialization [10][11]. Group 3: Future Outlook - Tianqi Lithium is preparing for the anticipated boom in solid-state batteries post-2026 by extending its capabilities into high-value-added segments of the supply chain [12]. - The company is currently constructing a pilot line for lithium sulfide production with an annual capacity of 50 tons, expected to be completed by the second half of 2026 [11].

Core Viewpoint - Yahua Group is enhancing its lithium salt production capacity and focusing on solid-state battery technology development, positioning itself as a key supplier in the global lithium market [1][2][3] Group 1: Production Capacity and Technology - Yahua Group's lithium salt comprehensive production capacity is expected to reach nearly 130,000 tons by the end of 2025, with a new 30,000-ton high-grade lithium salt production line under construction [2] - The company has achieved full-process coverage in production automation, smart manufacturing, and management information, significantly improving production efficiency and product quality [1] - Yahua Group's lithium products, including battery-grade lithium hydroxide and lithium carbonate, exceed national standards and are recognized globally, serving major clients like Tesla and CATL [1] Group 2: Customer Structure and Market Position - The company's lithium business relies on long-term agreements, with over 90% of revenue coming from leading enterprises in the lithium sector, ensuring stable cooperation and deep integration into the global supply chain [1][2] - Yahua Group has established a diversified resource assurance system, combining self-controlled and purchased lithium resources to secure raw material supply for current and future production needs [2] Group 3: Solid-State Battery Development - The company is focusing on the development of solid-state battery technology, particularly the synthesis process of lithium sulfide, and has successfully developed a new gas-solid synthesis process [3] - The new process demonstrates advantages in material cost, product purity, and process controllability, with key indicators of lithium sulfide products reaching industry-leading levels [3] - Yahua Group plans to deliver samples by the end of the year and is working on the construction of a pilot production line for lithium sulfide, aiming to enter the solid-state battery industry chain by 2026 [3]

人民财讯11月27日电，雅化集团（002497）11月26日在机构调研时表示，公司高度重视固态电池行业发 展，在固态电解质核心原材料硫化锂的合成工艺与量产技术上取得重要进展，成功开发出气固法合成硫 化锂新工艺。同时公司正在联合关键设备厂家进行硫化锂规模化生产中试线搭建的论证，在危害气体控 制、气固反应均一性、晶体粒度均化细化等硫化锂关键共性难题方面已取得重大突破，预计将于2026年 开展硫化锂中试线建设。 ...

编号：20251126 证券代码：002497 证券简称：雅化集团 | | 特定对象调研 | 分析师会议 | | | --- | --- | --- | --- | | 投资者关 | 媒体采访 | 业绩说明会 | | | 系活动类 | 新闻发布会 | 路演活动 | | | 别 | 现场参观 | | | | | 其他（请文字说明其他活动内容） | | | | | 瓴仁投资：祝子瀚 | 弘尚资产：沙正江 | 格传投资：鞠龙 | | | 鹏华基金：萧嘉倩 | 正心谷：姚怀畅 | Sage par：May Chen | | | 星石投资：王荣亮 | 青骊投资：邬雨航 | 瀚亚投资：翁晴雅 | | | 嘉实基金：宋阳、陈路华 | 拾贝投资：李昌强 | 源乐晟：林浩 | | | 川恒集团：何永凯 | 汐泰投资：管浩维 | 德汇投资：刘晓芳 | | | 中安投资：祁向阳 | 匠心联创：宁培坚 | 成都明永投资：万春艳 | | | 常春藤资产：胡肖 | 华西基金：赵彬凯 | 招商信诺：陈江威 | | | 西部利得：邹玲玲、曹城 | 长城证券：王彤 | 华泰资管：曹青宇 | | 参与单位 | 银河证券：刘兰程 ...

（原标题：天齐锂业蒋安琪：行业供需格局改善将助力破除同质化竞争） 经济观察网 11月25日，锂盐生产头部企业、天齐锂业董事长蒋安琪在第二届中国国际锂业大会致辞演 讲中表示，随着行业供需格局的改善，将助力产业链破除同质化竞争。 固态电池的技术路线、商业前景也是本次大会被热议的话题。在"锂问未来——锂产业战略高层访谈"环 节中，天齐锂业研究院院长刘杨、厦门大学化学化工学院南强特聘教授杨勇、五矿新能源材料（湖南） 股份有限公司前沿材料研究中心总监白立熊、Minviro公司总监Phoebe Whattoff等来自学界、产业界的 专家一起讨论了固态电池从技术路线到商业化前景的多个热点议题，在深入探讨其技术路径与规模化前 景的同时，重点探寻了产业化瓶颈、固态电池安全性以及控制成本加速市场应用的破局关键。 当前，固态电池核心材料固态电解质主要技术路线分为三大类：硫化物基电解质、氧化物基电解质和聚 合物基电解质，它们是固态电池区别于传统液态锂电池的关键，其中硫化物基因其能量密度潜力大、高 导电率、界面接触好而被众多厂商青睐，产业界也持续进行技术和工艺攻关，克服该类材料成本高、加 工过程复杂的弱点。选用这一技术路线的天齐锂业， ...

中国有色金属工业协会锂业分会副会长张江峰认为，当前库存触底、需求高增与成本支撑形成三重利 好，随着库销比持续下滑，锂价触底反弹的动力不断增强，长期来看，供需紧平衡格局将推动锂价中枢 逐步上移，行业有望进入新的上行周期。同时，价格波动幅度可能加剧，短期或将受多重因素扰动。 "通过政策有效引导和技术创新升级，锂产业迎来新发展机遇。"天齐锂业董事长蒋安琪表示，储能领域 和动力电池对基础锂材料的需求持续上涨，2026年全球锂需求量预计将达到200万吨碳酸锂当量，基本 达到供需平衡，为产业发展筑牢了根基。同时，重点减碳领域和新型应用领域的电动化技术不断提升， 以固态电池为引领的下一代高能量密度电池重要环节研究取得突破，行业上下游技术创新成果迸发，这 些都为行业带来积极影响。 除新型储能外，以固态电池为代表的创新技术发展受到广泛关注。 在此次大会上，天齐锂业正式发布硫化锂新品。天齐锂业研究院院长刘杨介绍，硫化锂直接决定了电解 质的电化学性能参数，此次发布的硫化锂新品具备高纯度指标，有利于提升硫化物电解质性能。"随着 硫化锂材料成本下探与性能提升，将全面推动全固态电池的应用，加速交通电动化与可再生能源消 纳。"刘杨说。 目 ...