The hottest lithium and cobalt prices rose, and th

Lithium and cobalt prices rise, base metal callback

the effective capacity of lithium carbonate is released slowly, the increment of cobalt ore is limited, and new energy vehicles gradually enter the civilian market to recommend to military users. If there is no dehumidification system in the damp heat test box, the price of lithium and cobalt runs strongly in the peak consumption season of new material products per unit; In January, China's scrap copper imports decreased significantly, and downstream consumption gradually recovered after the holiday, continuing to be optimistic about copper prices; The supply shortage of raw materials is difficult to alleviate temporarily, and the supply side of lead and zinc will support the future price to continue to be strong; Illegal and illegal construction of electrolytic aluminum and blind new production capacity are strictly prohibited in Shandong, which will benefit the supply and demand of the aluminum industry; The basic supply and demand pattern of tin and nickel remains unchanged; The US levy of import tariffs on steel and aluminum boosted risk aversion and bullion; The price of small metals generally rose. Core concerns: lithium cobalt (Tianqi lithium, Ganfeng lithium, Huayou cobalt, Hanrui cobalt), copper (Zijin mining, Jiangxi copper, Yunnan copper, Luoyang molybdenum), lead and zinc (Chihong Zinc Germanium, Xingye mining, western mining), tin (Tin shares)

II. Industrial metals: downstream consumption gradually recovers, and base metals are poised.

according to data, LME copper, aluminum, lead, zinc, tin, and nickel prices changed by -2.72%, 0.05%, 3.35%, 4.13%, 0.07%, and 1.86% this week. In January, China's waste copper import fell by 27.52%, and the seventh batch of solid waste import approval documents announced that the approved waste copper import volume was only 10000 tons. The supply of waste copper market was insufficient, while downstream consumption gradually recovered after the holiday, and copper prices continued to be optimistic. ILZSG predicts that the global refined zinc output will decline by 1.4% to 13.53 million tons in 2018. The shortage of raw material supply is difficult to improve for the time being, and the supply side of lead and zinc will support future prices or continue to rise. Shandong strictly forbids illegal construction and blind new production capacity of electrolytic aluminum, and focuses on the development of aluminum deep processing industry, which will benefit the supply and demand of aluminum industry. The wa tin mine in Myanmar may be further tightened, causing market concerns about the supply outlook, and Lunxi rose. Attention: copper (Zijin mining, Jiangxi copper, Yunnan copper); Lead and zinc (Chihong Zinc Germanium, Xingye mining, western mining); Aluminum (Aluminum Corporation of China, Yunnan Aluminum Corporation); Tin (Tin Industry Co., Ltd.)

III. battery materials: the policy is favorable, and the price of lithium and cobalt rises

according to Baichuan information, battery grade lithium carbonate rose to 170000 yuan/ton this week; The price of cobalt in the Yangtze River rose by 5.5% to 625000 yuan/ton, and MB low-grade cobalt was 38 85 dollars/pound, premium cobalt 9 dollars/pound. The subsidy policy has been implemented, new energy vehicles have gradually entered the peak consumption season, and the newly planned capacity of lithium carbonate is abundant, but the effective capacity release is questionable; Cobalt supply increment is limited, and the price continues to rise. Attention: Tianqi lithium, Ganfeng lithium, Weihua shares, Huayou cobalt, Hanrui cobalt, Luoyang molybdenum

IV. precious metals: the US tariff on steel and aluminum boosted risk aversion, and the US dollar fell

according to data, Comex gold was finally made into ferrographs by firmly attaching particles to the negatives with a fixed liquid this week, falling 0.51% to US $1323.7/up to US $0.001 ⑴ 000mm/min, controlling the positioning accuracy ounce; COMEX silver fell 0.06% to $16.535/ounce. On Friday, trump said that he would impose a tax of 25% on imported steel and 10% on imported aluminum, which triggered market concerns, the dollar fell, and risk aversion stimulated the rise of gold and silver. Attention: Zijin mining, Jingui banking, Shandong gold, CICC gold

v. small metals: the price of small metals generally rose

according to Baichuan information, the light rare earth praseodymium and neodymium oxide rose to 355000 yuan/ton, and the heavy rare earth dysprosium oxide rose slightly to 1.195 million yuan/ton; Tungsten concentrate rose to 115000 yuan/ton; The price of germanium rose to 10400 yuan/kg. After the Spring Festival, the operating rate of processing plants rebounded and the demand recovered, but the environmental protection efforts did not decrease, and the prices of small metals generally rose. Focus on: Shenghe resources, North rare earth, Xiamen tungsten industry, Yunnan germanium industry

risk tip: the implementation of domestic policies is less than expected