作者丨董鹏 编辑丨朱益民 近日，盐湖股份（000792.SZ）的2026年盈利预期获得密集上调。 公司近期披露的业绩预告显示，预计2025年归母净利润为82.9亿元至88.9亿元，同比增长77.78%至 90.65%，超出此前市场预期。 业绩预告发布前，卖方对其2026年盈利预期区间为62—82亿元；业绩预告发布后，卖方盈利预期值则普 遍上调至100亿元，光大证券、申万宏源更是给出了120亿元左右的盈利预期。 这背后，是潜在的钾、锂行业景气度提升，以及公司本身确定性较强的新增产能投放、资产注入计划。 仅以公司锂盐业务为例，公司去年9月末投产的4万吨盐湖提锂项目有望大规模释放，并且还有五矿盐湖 后续并表所带来的0.8万吨权益产能，公司权益产能有望从2025年的2万吨（未包括4万吨自建项目）提 升至6.9万吨，权益产能增速明显大于名义产能增速。 此外，本周碳酸锂现货均价已经升至13.8万元/吨，远月期货合约则是一度逼近15万元/吨，接下来如若 锂价出现超预期式上涨，卖方给出的盈利预期可能会进一步上修。 盈利百亿一致预期 对于公司业绩增长，盐湖股份指出，"氯化钾产品价格较上年同期有所上升，碳酸锂产品价格虽波动较 大 ...

Core Viewpoint - International Lithium Corp. (ILC) is optimistic about the recovery in lithium prices and its implications for the Raleigh Lake project, highlighting significant price increases since June 2025 [1][2]. Price Recovery - Lithium Carbonate prices have surged from USD 8,535 per tonne in June 2025 to USD 19,747 per tonne by January 8, 2026, marking a 131% increase. Spodumene Concentrate (SC6) prices rose from USD 630 to USD 1,800 per tonne, a 185% increase [2]. - The current SC6 price in CAD is CAD$2,498.40 per tonne, based on an exchange rate of USD=CAD 1.3880 [2]. Economic Projections for Raleigh Lake - The Preliminary Economic Assessment (PEA) for the Raleigh Lake project indicates a Net Present Value (NPV) of CAD$223.1 million (pre-tax) and CAD$215.1 million (post-tax) at the current SC6 price of CAD$2,498.40 per tonne, with an Internal Rate of Return (IRR) of 33.1% (pre-tax) and 32.7% (post-tax) [4]. - Sensitivity analysis from the PEA shows that at a SC6 price of CAD$2,100 per tonne, the NPV would drop to CAD$122.3 million (pre-tax) and CAD$120.1 million (post-tax) with an IRR of 23.2% (pre-tax) and 23.0% (post-tax) [5]. Project Development and Strategic Focus - ILC is in the process of converting mining claims at Raleigh Lake into a mining lease and is planning further work at the site, including a PEA for rubidium [7]. - The Raleigh Lake project covers 32,900 hectares and is ILC's most significant project in Canada, with excellent access to infrastructure [13][14]. - The company aims to optimize the value of its existing projects while exploring new opportunities, particularly in Southern Africa and Zimbabwe [12][16]. Industry Context - The demand for lithium is driven by the increasing need for high-tech rechargeable batteries, electric vehicles, and energy storage solutions, positioning lithium as a critical resource in the transition to a sustainable economy [10][16]. - ILC's projects are strategically aligned with the growing demand for critical metals, supported by political initiatives in major economies to secure supplies [10].

Our team at LibertyStream continues to advance our lithium carbonate refining capabilities, delivering consistent, specification compliant product from our field Refining Unit Share DALLAS--(BUSINESS WIRE)--LibertyStream Infrastructure Partners Inc. (TSXV: LIB | OTCQB: VLTLF | FSE: I2D) ("LibertyStream†or the "Company†) announces that it has achieved consistent production of lithium carbonate from its automated continuous-flow refining unit (the "Refining Unit†) operating at its field site in the Permia ...

ZUG, Switzerland, Jan. 06, 2026 (GLOBE NEWSWIRE) -- Lithium Argentina AG (“Lithium Argentina” or the “Company”) (TSX: LAR) (NYSE: LAR) today announced preliminary 2025 operational results for the Cauchari-Olaroz lithium brine operation (“Cauchari-Olaroz”) in Jujuy, Argentina. Cauchari-Olaroz delivered strong and consistent operating performance through 2025, achieving production at the high end of annual guidance and record quarterly production in the fourth quarter. 2025 Operational Highlights: Achieved hi ...

转自：新华财经 铂钯收跌停板 碳酸锂盘中亦触及跌停 12月29日，贵金属市场剧烈波动，金价走弱，银价冲高回落；铂钯主力合约跳水均收跌停板，跌幅10.00%。短期的快速上涨不断集聚市场风险，同时又对 需求预期形成压制；此外，国内交易所上周已发布多项调整措施，而据报道，芝加哥商品交易所（CME）也表示，将在当地时间12月29日收盘后，全面上 调包括黄金、白银、锂等多类金属期货的履约保证金。市场情绪快速降温，贵金属今日盘中均出现回调。近期交易所多次发出风险提示，警惕情绪上的影 响，后续回落风险仍然存在，单边风险较大。 碳酸锂主力合约在盘中触及跌停，最终收跌7.89%。现货方面，据Mysteel数据显示，12月29日电池级碳酸锂市场价格区间在117600-120100元／吨，行情较 上一个工作日下调2550元/吨。市场情绪降温叠加市场消息导致基本面预期边际转弱，碳酸锂大幅回落。但总的来看，西南期货认为，从供应端来看，碳酸 锂产量仍处于高位，显示出锂资源端弹性较大，在碳酸锂价格持续高位震荡的行情下供应端利润充足，生产积极性较高；消费端来看，储能板块表现突出， 储能电池头部企业排产维持高位，动力电池需求同步改善，在供需双 ...

Accessible version Basic Materials - China Copper/Aluminum/Gold Lifted; Ally Margin Slides; Steel Prices Rose Industry Overview Metals: Copper/Ally/Gold Lift; Lithium& Uranium advance US Nov'25 CPI came in below expectations, boosting prospects for a rate cut in Mar'26. LME copper gained 2.0% WoW to US$11,764/t, while China's price fell 1.4% to RMB 92,640/t. LME aluminum edged up 1.3% WoW to US$2,872/t, whereas China's price slipped 1.0% to RMB 21,820/t, squeezing margins by RMB 170/t WoW to RMB 5,915/t. CO ...

12月23日，市场早盘三大指数集体上涨，截至午间收盘，沪指涨0.34%，深成指涨0.65%，创指涨 0.78%。市场半日成交超1.2万亿，较上个交易日小幅放量，两市下跌个股超3300只。 截至2025年12月22日，A股今年总成交额超过405万亿元，这是A股历史上首次年成交额超过400万亿 元。整体换手率也明显向好，年内平均换手率接近1.74%，有望创2016年来新高。从个股来看，多达19 只个股今年成交额超过万亿元，中际旭创、东方财富、新易盛等个股年内成交额均超两万亿元；寒武 纪-U、宁德时代等个股年内成交额均超1.8万亿元。 盘面上，锂电股快速拉升走强，天赐材料、华盛锂电、滨海能源等多股涨停。消息面上，锂业分会表 示，11月碳酸锂期货价格逐步抬升，市场对未来锂价预期乐观。供应端，市场库存逐步加速去化，宁德 时代旗下锂矿消息仍形成扰动，锂盐、锂云母提锂等产量小幅下跌。需求端，新能源车在补贴退坡前抢 销量，储能表现亮眼。 此外，光刻机、光刻机等芯片产业链走强，同飞股份、中光防雷等多股涨停；贵金属、小金属等金属板 块连日大涨，山东黄金、中金黄金、晓程科技等个股纷纷上涨；锂电板块集体冲高，天赐材料、华盛锂 电、滨 ...

Asia Pacific Equity Research 17 December 2025 J P M O R G A N This material is neither intended to be distributed to Mainland China investors nor to provide securities investment consultancy services within the territory of Mainland China. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. Lithium Upward demand revisions drive larger deficits; upgrade prices and move to OW on all pure-play miners Key takeaways from our lithium S/D revi ...

DALLAS--(BUSINESS WIRE)--LibertyStream Infrastructure Partners Inc. (TSXV: LIB | OTCQB: VLTLF | FSE: I2D) ("LibertyStream†or the "Company†) is pleased to announce an operations update from its field activities in the Permian Basin, Texas, and to welcome Mr. Jack Crancer to its management team. Building on the significant milestones achieved in 2025 and strengthened by key leadership additions, LibertyStream aims to leverage its strategic position to become the first company in North America to advance dir ...

记者发现，在锂电池概念中，共有16只湘股，分别为五矿新能、百利科技、金博股份、湖南海利、科力 远、时代新材、湖南裕能、邵阳液压、领湃科技、华自科技、尔康制药、中科电气、威领股份、湘潭电 化、山河智能、*ST生物（南华生物）。 截至12月17日，16只湘股股价相比1月2日收盘价，均有不同程度上涨。其中，涨幅最低的是*ST生物。 该个股1月2日收盘价为8.25元/股，12月17日收盘价为8.43元/股，只能算微涨。 东莞证券研报认为，看好锂电池产业链周期复苏。预计2026年全球新能源汽车销量增速约达17%，全球 动力电池需求同比增长约20%。储能电池方面，2026年全球储能市场将延续高速增长，储能电池需求增 速预计达50%左右，储能电芯供需紧张格局可能将持续至2026年年中。 受益于碳酸锂价格反弹，锂电池概念股今年业绩显著回暖，前三季度归母净利润同比增长26.97%。归 母净利润同比增长的锂电池概念股中，剔除2024年三季报归母净利润不超过1亿元的个股后，5只个股归 母净利润同比增长超100%，国轩高科、道氏技术、中材科技增幅居前，分别达到514.35%、182.45%、 143.24%。 长沙晚报掌上长沙12月 ...