盛新锂能木龙锂矿的开发进展、产能规模、成本水平及投产时间如何？公司近 期对该矿的增持是否彰显了对后续开发的信心？未来是否有进一步股权增厚的 可能性？ 木龙锂矿是盛新锂能目前非常核心的资源布局之一。木龙矿资源品位为 1.62%，是川西地区品位最高的矿。2024 年 10 月，公司已取得自然资源部颁 发的采矿证，采矿规模为 300 万吨，是川西地区非常大的产能规模。目前整体 进度是 2025 年重点推进用地、发改备案、拆迁安设和环评等相关手续，2026 年将启动大规模基建。生产规模按照自然资源部给出的采矿权证为 300 万吨原 矿，约 8 万吨碳酸锂当量。预计不含税成本约在 4 万元左右，由于川西地区地 质条件复杂，预计在 2028 年投入生产。 公司目前穿透后的股比为 88%，剩 余股权在一个产业基金手中，公司计划继续增加对木龙矿山的控股比例，以大 幅提升自供比例。木龙矿山建成后，公司整体自供比例将大幅提升，国内自供 盛新锂能 20260107 摘要 盛新锂能已获得木龙矿山采矿证，该矿为川西地区高品位锂矿，计划 2028 年投产，年产约 8 万吨碳酸锂当量，不含税成本预计 4 万元/吨。 公司拟增持木龙矿山股权 ...

摘要 锂价反弹期，资源并购进入"全产业链博弈"阶段 12月30日晚，锂业资本面再出重磅： 盛新锂能公告拟以20.8亿元现金收购四川启成矿业30%股权，实现对后者的全资控股，随之将四 川雅江木绒锂矿和阿坝观音桥锂矿两块资源收入囊中。 盐湖股份则披露，将以46.05亿元收购五矿盐湖51%股权，一里坪盐湖碳酸锂、磷酸锂、氢氧化 锂及钾肥产能整体并表，控股股东承诺解决同业竞争的锂资源资产基本完成注入。 这两笔合计约66.85亿元的交易，发生在碳酸锂价格突破每吨10万元的时间点。 数据显示，自12月中旬以来，电池级碳酸锂报价快速上行，先后越过9.5万元和10万元关口，背 后既有宜春等地采矿权调整带来的供给扰动，也有储能需求"淡季不淡"的托底。 在价格从底部回升、并购政策窗口打开的阶段，两大锂企同步加码上游资源，为今年本已热络的锂 业整合，再添两块标志性样本。 盛新锂能"二次加码"川西，木绒成核心筹码 盛新锂能此次出价20.8亿元接手启成矿业30%股权，是公司年内第二次针对同一标的出手。 今年9月，盛新锂能刚以14.56亿元收购启成矿业21%股权；两次交易叠加，公司为这一资产累计 支付金额已超过35亿元。 按最新对价推算 ...

锂矿龙头之一的赣锋锂业突发公告。 12月29日晚间，江西赣锋锂业集团股份有限公司（以下简称"赣锋锂业"）发布公告称，公司于12月29日 收到宜春市公安局的移送起诉告知书：因涉嫌内幕交易罪单位犯罪，该案件已移送检察机关审查起诉。 | 赣锋锂业 | | --- | | GanfengLithium | 赣锋锂业表示，截至目前，公司各项生产经营活动保持正常有序运行。本次涉案事项为赣锋锂业前期已 披露的特定历史事件，预计不会影响赣锋锂业正常的生产经营。 公告中的案件前期情况说明显示，赣锋锂业因上述事项于2024年7月收到中国证券监督管理委员会江西 监管局（以下简称"江西证监局"）下发的《行政处罚决定书》，公司已按照相关规定及时履行了信息披 露义务，按规定缴纳罚没款，并对相关问题进行了认真整改。 赣锋锂业表示，本次事项系在江西证监局行政处罚的基础上，依法开展的后续正常司法程序。公司理解 并尊重司法机关依法履职的行为。 历史公告显示，2024年7月，因涉嫌内幕交易"*ST江特"股票，江西证监局对赣锋锂业及公司时任董事 长、总裁李某彬、时任董事会秘书欧某明予以行政处罚。江西证监局没收赣锋锂业违法所得110.53万 元，并处 ...

Core Insights - Ganfeng Lithium stated that producing one ton of lithium sulfide theoretically requires 0.3 tons of metallic lithium or 1.6 tons of lithium carbonate equivalent (LCE) [1] Group 1 - The consumption of lithium raw materials in actual industrial production may vary based on the form of raw materials used and the preparation process [1]

Group 1 - The company Ganfeng Lithium (002460.SZ) stated that producing one ton of lithium sulfide theoretically requires 0.3 tons of metallic lithium or 1.6 tons of lithium carbonate equivalent (LCE) [1] - The actual consumption of lithium raw materials in industrial production may vary due to different forms of raw materials and preparation processes used [1]

关于2025年三季度业绩说明会召开情况的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担个别及连带责任。 证券代码：600328 证券简称：中盐化工 公告编号：（临）2025-105 中盐内蒙古化工股份有限公司 回复：您好，公司金属钠产品具备出口至欧盟国家的资质，出口量呈增长态势。谢谢您的关注。 中盐内蒙古化工股份有限公司（以下简称"公司"）于 2025年12月3日上午9:00-10:00在上海证券交易 所"上证路演中心"（http://roadshow.sseinfo.com）通过网络互动方式召开 2025年三季度业绩说明会，现 将有关事项公告如下： 一、业绩说明会召开情况 公司于2025年11月4日在上海证券交易所网站（www.sse.com.cn）和《中国证券报》、《上海证券报》 披露了《关于召开2025年三季度业绩说明会的公告》（公告编号：2025-101）。2025年12月3日，公司 董事长周杰，独立董事李强，财务总监、董事会秘书陈云泉及相关工作人员出席了本次说明会，与投资 者进行互动交流和沟通，就投资者关注的问题进行了回 ...

Price Trends - Magnesium 99.9% in Shanghai is priced at 16,905-17,005 CNY/ton, down by 50 CNY [1] - Niobium ≥99.9% is priced at 665-675 CNY/kg, with no change [1] - Vanadium ≥99.5% is priced at 1,461-1,561 CNY/kg, with no change [1] - Electrolytic manganese in Guangxi is priced at 13,400-13,600 CNY/ton, with no change [1] - Lithium metal ≥99% is priced at 590,100-625,100 CNY/ton, with no change [1] - Arsenic metal is priced at 6,705-7,205 CNY/ton, with no change [1] - Sponge titanium ≥97-98% is priced at 45-46 CNY/kg, with no change [1] - Sponge zirconium ≥99% is priced at 166-171 CNY/kg, with no change [1] Mineral Product Prices - Copper concentrate 18-20% is priced at 76,050-80,001 CNY/metal ton [1] - Lead concentrate 50% from Henan is priced at 16,650-16,750 CNY/metal ton, while from Yunnan it is priced at 16,750-16,850 CNY/metal ton [1] - Zinc concentrate 50% from Yunnan is priced at 19,092-19,192 CNY/metal ton, while from Hunan it is priced at 19,042-19,142 CNY/metal ton [1] - Molybdenum concentrate 45% is priced at 3,621-3,651 CNY/ton [1] - Black tungsten concentrate 65% is priced at 342,100-343,100 CNY/ton [1] - White tungsten concentrate 65% is priced at 341,100-342,100 CNY/ton [1] - Tin concentrate 60% from Guangxi is priced at 295,800-297,800 CNY/metal ton [1] - Titanium concentrate TiO2 ≥46% is priced at 1,631-1,681 CNY/ton [1] - Carbonate rare earth is priced at 48,105-48,405 CNY/ton [1] - Red soil nickel ore 1.8% (FOB) is priced at 72-75 USD/wet ton [1] Non-Metal Prices - 521 silicon from East China is priced at 9,600-9,800 CNY/ton [2] - Borax with 95% content from Northeast is priced at 5,000 CNY/ton [2] - Borax with 95% content from Shandong is priced at 4,500 CNY/ton [2] - Talc food grade SiO2 ≥50% with 93 800 mesh is priced at 3,000 CNY/ton [2] - Diatomaceous earth with 86% silica from Henan is priced at 3,000 CNY/ton [2]

Report Overall Summary - The report is a daily review of lithium carbonate futures on November 26, 2025, analyzing market trends, fundamentals, and providing trading strategies [1] Report Industry Investment Rating - Not provided Report Core View - The current supply and demand are weak. With news of Jiangxi lithium mine restart being inconsistent, lithium ore prices and production reaching new highs, strong downstream wait - and - see sentiment, light spot market transactions, weak power demand, and the exchange taking measures to cool the market, lithium prices are expected to fluctuate weakly [1] Market Data Summary Futures Price - The closing prices of near - month, consecutive - one, consecutive - two, and consecutive - three contracts of lithium carbonate futures decreased compared to the previous day, with declines of 1,080 yuan/ton, 900 yuan/ton, 940 yuan/ton, and 940 yuan/ton respectively [1] Trading Volume and Open Interest - The trading volume of lithium carbonate futures was 810,231 lots (+198,952), and the open interest of the active contract was 478,054 lots (+134,855) [1] Inventory - The inventory was 27,050 tons (+435), and the SMM total lithium carbonate inventory decreased by 2,052 tons compared to last week [1] Price Spreads - The spreads between different contracts and the basis showed various changes, such as the near - month - consecutive - one spread decreasing by 180 yuan/ton [1] Spot Prices - The average prices of various lithium - related products such as lithium carbonate, lithium hydroxide, and lithium phosphate showed different degrees of increase or stability compared to the previous day [1] Industry News - The UK will include critical mineral reserves in its defense procurement plan, aiming to meet 10% of domestic demand through domestic mining and 20% through recycling by 2035, with a £50 million fund. Two London - based companies plan to build a lithium refinery in northern England, and the project is close to the final stage [1] Supply and Demand Fundamentals Supply - Last week, the production of lithium carbonate increased, and the production of lithium carbonate from various raw materials also rose [1] Demand - Last week, the production of lithium iron phosphate and ternary materials increased. In November, the production of lithium aluminate increased, while the production of lithium manganate decreased. Last week, the production of power batteries decreased. In October, the year - on - year and month - on - month growth rates of new energy vehicle production and sales slowed down, 3C shipments weakened, and the production of energy - storage batteries increased in November [1] Trading Strategy - Short at high prices [1]

Group 1 - The article provides a detailed overview of the current prices of various metals and minerals, indicating fluctuations in market prices for specific commodities [1][2] - Cadmium is priced between 28,600 to 29,600 RMB per ton, while chromium ranges from 81,100 to 84,600 RMB per ton [1] - Lithium metal is reported at 575,100 to 610,100 RMB per ton, reflecting significant interest in battery materials [1] Group 2 - Non-metallic products such as boron and talc are also listed, with boron priced at 4,500 RMB per ton in Shandong and talc at 3,000 RMB per ton in Henan [2] - The report highlights the price of rare earth carbonate at 44,305 to 44,705 RMB per ton, indicating ongoing demand in the market [1] - The pricing for various ores, including copper and lead concentrates, shows a range of 16,650 to 16,800 RMB per ton for lead in Henan [1]

Core Insights - Ganfeng Lithium achieved a net profit attributable to shareholders of 557 million yuan in Q3 2025, representing a year-on-year increase of 364% and a quarter-on-quarter increase of 417% [1] - The recovery in lithium prices has led to improved profitability for the company [1] - The company is entering a phase of accelerated resource self-supply, which is expected to enhance self-supply rates and improve production costs [1] Industry and Company Developments - Since Q3, lithium prices have stabilized and rebounded, benefiting Ganfeng Lithium as a leading resource company with faster self-supply rate improvements and ongoing cost optimization [1] - Ganfeng Lithium continues to invest in its battery business, holding the largest global capacity for lithium metal, positioning itself to benefit from the future demand for solid-state batteries in lithium-ion technology [1] - The long-term growth potential of the company is significant, making its investment value worthy of attention [1]