Recent Major Events in the Lithium Carbonate Market - In mid-July, the Natural Resources Bureau of Yichun City, Jiangxi Province, required eight lithium mining companies to complete resource verification reports by the end of September, enforcing strict regulations against illegal mining [1] - On July 17, a subsidiary of Zangge Mining was ordered to suspend production due to the lack of mining permits for its lithium refining project, causing the LC2509 contract price to surge over 4%, approaching 69,980 yuan/ton, marking a four-month high [1] - On July 21, Yichun Silver Lithium New Energy Co., a subsidiary of Jiangte Electric, announced a 26-day production halt for maintenance starting July 25 [1] - On July 25, the LC2509 contract price reached a peak of 80,520 yuan/ton, with a weekly increase exceeding 15% [1] - On the evening of July 25, the Guangqi Exchange announced that starting July 28, 2025, non-futures company members or clients would be limited to a daily opening position of 3,000 lots in the LC2509 contract [1] - On July 28, the LC2509 contract experienced a limit down, with a decline of nearly 8% and a rapid drop in trading volume by over 20%, indicating a swift cooling of market sentiment [1] Key Future Focus Areas - Attention is needed on whether the mining permit for the Jiangxia Wokeng mine operated by CATL will be renewed on August 9 [1] - The results of the resource verification report for eight mining sites in Yichun are due by September 30 [1] - Ongoing government oversight and inspections of mining operations across various regions should be monitored [1]

Group 1 - The State Council, led by Li Qiang, is implementing measures to gradually promote free preschool education [1] - The China Securities Regulatory Commission (CSRC) is tightening restrictions on potential significant adverse impacts from peer competition on listed companies, enhancing the review responsibilities and decision-making requirements for related transactions [2] - According to Qunzhi Consulting, TV panel prices experienced a decline in July due to supply and demand dynamics, with expectations of a gradual stabilization starting in August [3] Group 2 - The Dalian Commodity Exchange has adjusted the trading limits for lithium carbonate futures (LC2509), capping the daily opening position at 3,000 contracts, while the Zhengzhou Commodity Exchange has set a limit of 500 contracts for coking coal futures (JM2509) [4] - Bond funds may face significant redemption pressure, with over 200 billion yuan in various bonds sold in the first four days of the week, including nearly 100 billion yuan sold in a single day on July 24 [5] - China Fortune Securities plans to issue H-shares and list on the Hong Kong Stock Exchange [6] - China Duty Free Group reported a net profit of 2.6 billion yuan for the first half of the year, a year-on-year decrease of 20.81% [6] - Dongshan Precision plans to invest up to 1 billion USD in a high-end printed circuit board project through its subsidiary [6] - Huaitong Group, which has seen a surge in stock prices, clarified that it did not participate in the construction of the hydropower station project downstream of the Yarlung Tsangpo River [6] - Guangsheng Pharmaceutical's innovative hepatitis B treatment drug, Nairu Kewei GST-HG141, has successfully enrolled its first subject in a Phase III clinical trial [6]

Core Viewpoint - The China National Futures Exchange has announced a new trading limit for non-futures company members or clients on the lithium carbonate futures contract LC2509, effective from July 28, 2025, with a daily opening position limit set at 3,000 lots [1] Group 1 - The new regulation aims to manage trading activities in the lithium carbonate futures market [1] - The limit of 3,000 lots is intended to prevent excessive speculation and ensure market stability [1] - This change reflects the growing importance of lithium carbonate in the energy transition and its impact on the futures market [1]