华福证券表示，储能领域需求预期持续向好，带动碳酸锂近期大涨。锂矿端延续偏紧格局。外采锂矿的 盐厂维持较高生产积极性，消耗库存速度较快。锂盐端整体供应保持高位，部分大厂复产预期仍存，但 实际复产节奏尚待观察。需求方面，磷酸铁锂11月排产环比+2.5%，储能领域需求预期持续向好，为价 格提供有力支撑。锂矿为电动车产业链和储能最优质且弹性大的标的，关注股票战略性布局机会。 2025年11月19日盘中，锂矿概念再度走强，截至10:01，中证稀有金属主题指数强势上涨1.70%，成分股 永杉锂业上涨7.54%，融捷股份上涨6.05%，盐湖股份上涨5.96%，川能动力、天齐锂业等个股跟涨。 消息面方面，11月18日，以"合规筑基 创新降本 共生破局"为主题的《磷酸铁锂材料行业成本研究》研 讨会在工业和信息化部新闻宣传中心发布厅召开。本次研讨会由中国化学与物理电源行业协会主办，行 业专家、企业代表等齐聚一堂，深度交流，共同探寻锂电产业链高质量发展的可行路径。 稀有金属ETF（562800）跟踪中证稀有金属主题指数，是布局稀有金属板块的便利工具。 场外投资者还可以通过稀有金属ETF联接基金（014111）关注稀有金属板块投资机 ...

Group 1 - The core viewpoint indicates that the rare metals sector is experiencing fluctuations, with the Zhongzheng Rare Metals Theme Index down by 0.50% as of September 4, 2025, while individual stocks show mixed performance, with Dongfang Zirconium leading with a 6.82% increase [1] - The rare metals ETF (562800) has seen significant trading activity, with a turnover of 1.99% and a transaction volume of 44.08 million yuan, ranking first among comparable funds in terms of weekly average transaction volume [3] - The rare metals ETF has achieved a remarkable growth in scale, increasing by 291 million yuan over the past week, and its latest share count reached 2.952 billion, marking a new high since its inception [3] Group 2 - The supply-demand imbalance for rare earths is intensifying due to limited reserves and high extraction difficulty, while downstream demand from sectors like new energy and semiconductors is rapidly increasing [4] - The Ministry of Industry and Information Technology has implemented measures to control the total amount of rare earth mining and refining, which is expected to tighten supply and drive up prices [4] - The top ten weighted stocks in the Zhongzheng Rare Metals Theme Index account for 57.58% of the index, with significant players including Northern Rare Earth, Luoyang Molybdenum, and Ganfeng Lithium [4][6]