**行业与公司** * 锂金属行业 专注于电池金属领域 特别是锂市场 涉及电动汽车和储能系统应用[1][2][13] * 提及公司包括宁德时代 其位于江西宜春的锂云母矿被暂停 以及藏格矿业的盐湖作业[25][27] **核心观点与论据** * 锂价预测2026年平均为8900美元/吨 略低于当前现货价9150美元/吨 2027年可能跌破8000美元/吨[1] * 市场仍处于显著的繁荣与萧条周期 2022-23年价格和利润激增引发供应投资浪潮 导致价格崩溃 尽管2025-28年需求预计增长49% 但供应仍将超出需求26% 计划到2028年新增130万吨供应 几乎是平衡市场所需量的两倍[2][19] * 中国监管暂停导致国内10%供应中断 相当于全球3% 推动价格从2025年中低点反弹24% 但库存水平仍高 预计第四季度重启 这被视为政策驱动的暂时性价格提振而非供应过剩的结束[2][25] * 供应过剩将持续 2026年低价将触发供应响应 生产商延迟边际项目 2027/28年价格预计小幅回升至9100/9500美元/吨 但价格仍低于10200-11000美元/吨的激励价格水平[3][15][38] * 储能系统需求成为亮点 2025年储能电池生产同比增长60% 预计到2030年将占锂需求的20% 抵消部分电动汽车需求放缓[31][35][51] **其他重要内容** * 运营成本反映运行现有资产的持续成本 而激励价格是证明新项目开发合理所需的水平 考虑了前期资本投资 开发时间表和所需回报 新投资的目标内部收益率为10-15%[5] * 高库存水平持续 预计2026年库存需求覆盖天数稳定在89天 可持续范围在60-70天 最大可容忍水平为100天[7][8][45] * 不同资源类型的激励价格差异 中国盐湖为9500-12000美元/吨 南美盐湖为11000-14000美元/吨 非洲和澳大利亚锂辉石项目为10200-11500美元/吨[39][50] * 动力总成结构变化影响锂需求 100万辆纯电动车需要45千吨锂 插电式混合动力车需要15千吨 混合动力车仅需2千吨[59][63] * 供应调整的三重机制 已实施减产210千吨 延迟项目400千吨 到2028年还需额外延迟590千吨以避免重大过剩[69][71][73] **数据与预测** * 全球锂需求从2024年的1099千吨LCE增长至2030年的3084千吨 近乎三倍[45][51] * 2025年供应预计为1516千吨LCE 2026年增至1964千吨LCE 年增长率分别为12%和30%[45] * 价格预测2029年升至10500美元/吨 2030年达到11000美元/吨的激励水平[42][48] * 中国电动汽车电池生产今年迄今增长49%[31]

The Australian construction and materials sector is at an interesting crossroads. On one side, public investment is booming; on the other, private building activity is stumbling.Understanding this split is key to making sense of why some companies are thriving while others are struggling.Overall, the Australian construction market is projected to grow at a Compound Annual Growth Rate (CAGR) of 4.31% from 2025 to 2030, but the drivers behind that growth are far from uniform.Public infrastructure and energy s ...

ab 15 September 2025 Global Research China Sustainability Pulse: China targets 180GW storage by 2027 Key Highlights What Happened On 12 September 2025, the NDRC and NEA jointly released the BESS Development Special Action Plan (2025–2027). The plan sets a target of 180 GW BESS capacity by 2027, backed by RMB250bn investment. According to the policy, technology deployment will continue to be dominated by lithium-ion batteries, while other chemistries and formats (sodium-ion, vanadium redox flow, compressed a ...

I'm an avid investor with a long-term, and sometimes contrarian, approach to equities investing. I started out as a Tech analyst but now also cover Commodities and Energy sectors as the world navigates the energy transition.Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (o ...

Driving Global Investment and Innovation in Belo Horizonte, June 2026 - Brazil Critical Minerals Summit Returns for 3rd EditionSeptember 17, 2025 4:06 PM EDT | Source: IN-VR LimitedLondon, United Kingdom--(Newsfile Corp. - September 17, 2025) - Fully endorsed by Invest Minas and the Government of the State of Minas Gerais, the Net-Zero Circle by IN-VR is proud to announce the 3rd Brazil Critical Minerals Summit 2026, taking place from 17-19 June 2026 in Belo Horizonte, Minas Gerais. The summit ...

General Mills (NYSE:GIS) Q1 2026 Earnings Call September 17, 2025 09:00 AM ET Speaker0Good morning, good afternoon. I'd like to welcome you to the conference call during which we will present the financial results of TAURON Group, the first for this year. I'd like to welcome you present here and those online. The results will be presented today by Mr. Grzegorz Lot, the President of the Management Board of TAURON Polska Energia, Caspar Coppetti, the CFO, Vice President of the Management Board for Finance, Ge ...

Fusion Fuel Green (NasdaqGM:HTOO) H1 2025 Earnings Call September 17, 2025 08:00 AM ET Company ParticipantsJohn-Paul Backwell - CEO & Board MemberFrederico Figueira de Chaves - CSO, CFO & Board MemberJohn-Paul BackwellGood morning, good afternoon, good evening, everyone, depending on where you are joining us from in the world. We thank you for joining the Fusion Fuel Investor Update today. We will update you on our results for the 2025 as well as some of our subsequent events and progress. So my name is Joh ...

Fusion Fuel Green (NasdaqGM:HTOO) H1 2025 Earnings Call September 17, 2025 08:00 AM ET Speaker0Good morning, good afternoon, good evening, everyone, depending on where you are joining us from in the world. We thank you for joining the Fusion Fuel Investor Update today. We will update you on our results for the 2025 as well as some of our subsequent events and progress. So my name is John Paul Backwell, CEO of Fusion Fuel, which trades on the NASDAQ under the ticker HTOO. And I'm also joined today by our CFO ...

能源结构规划 - 煤炭目前占矿业公司能源结构的70% 计划在未来三至四年内将煤炭依赖度降至50-60% [1] - 将通过整合太阳能、风能和混合模式等更多可再生能源来实现能源结构转型 [1] - 在赞比亚计划建设300兆瓦发电厂 其中煤炭和可再生能源各占一半 [2][3] 低碳产品发展 - 公司投资使用可再生能源和氢能生产铝和锌等低碳产品 [2] - 目前低碳产品占总产量不足20% 但计划扩大生产规模 [2] - 在国际业务中积极探索能源转型方案 [2] 生产运营状况 - 公司明确表示煤炭将继续作为基础负荷能源 目前处于绝对生产状态 [2] - 在赞比亚恢复铜生产 单位产量达到18-20万吨 为2018年以来最高水平 [3] - 计划三年内将铜产量提升至30万吨 但未提供赞比亚单元上市时间表 [3] 业务拓展计划 - 在印度暂无立即开发锂矿的计划 原因是该国锂矿潜力尚未充分勘探 [3] - 上月印度政府因担心债务回收问题 暂停了公司分拆为四个新实体的重组提案 [4] - 政府指控公司在获得印度证券交易委员会批准后修改了分拆方案 [4]

Anglo American, through its 50.1% owned subsidiary, Anglo American Sur (AAS), has signed a definitive agreement with Codelco to execute a joint mine plan for their neighbouring copper operations, Los Bronces and Andina, in Chile. This deal is built on a memorandum of understanding (MoU) signed in February 2025 and has been approved by both companies’ board of directors. The transaction is projected to yield a pre-tax net present value increase of at least $5bn (4.74trn pesos), which will be evenly distri ...