A Positive Surprise Attack, And All The Daily Limits Were Rarely Hit!
A Positive Surprise Attack, And All The Daily Limits Were Rarely Hit!
Everbright Futures believes that the suspension of production is mainly related to the implementation of the new Mineral Resources Law in 2025. After the suspension of production in the Xiawo Mining Area in Guai, the market is worried that the approval process of other large mining areas will be blocked, and concerns about the supply side will further heat up.
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On the morning of August 11, the A-share market surged during the session, with the Shenzhen Component Index and the ChiNext Index rising by more than 1%.
Recently, the mining license of CATL’s Xiawo Mine has expired and mining operations have been suspended. As soon as the news came out, concept stocks such as lithium ore, salt lake lithium extraction, rare metals, and lithium batteries collectively soared.
In addition, concept stocks such as stock trading software, Xinjiang revitalization, and western infrastructure continued to be active in the morning, while precious metals, banks, hydropower and other sectors fell.
The Hong Kong stock market fluctuated and fell. As of press time, the three major indexes were collectively green. Huahong Semiconductor fell by more than 7%, leading the decline in the Hang Seng Technology Index constituent stocks.
Lithium mineral concept stocks soar collectively
All lithium carbonate futures contracts hit the limit
On the morning of August 11, concept stocks such as lithium ore, salt lake lithium extraction, rare metals, and lithium batteries rose at the beginning of the session. Jiangte Electric, Yongshan Lithium Industry, Shengxin Lithium Energy, Tianqi Lithium Industry and other stocks rose sharply.
The Hong Kong stock lithium battery index rose, while the Hong Kong stock Tianqi Lithium Industry and Ganfeng Lithium Industry both rose sharply.
On the news front, CATL said on the investor interactive platform on August 11 that the company has suspended mining operations after the Yichun project mining license expires on August 9, and is applying for a mining license extension application as soon as possible in accordance with relevant regulations. Production will resume as soon as possible after obtaining approval. This matter has little impact on the company's overall operations.
According to a previous report by Futures Daily, the mining end of CATL’s Xiawo mining area will be suspended. Currently, lithium prices have risen to 90,000 to 100,000 yuan per ton (previously lows of about 58,000 yuan per ton).
Everbright Futures believes that the suspension of production is mainly related to the implementation of the new Mineral Resources Law in 2025. After the suspension of production in the Xiawo Mining Area in Guai, the market is worried that the approval process of other large mining areas will be blocked, and concerns about the supply side will further heat up. It is expected that the price of lithium carbonate may maintain a strong operating pattern before the news has no reversal.
In the futures market, all contracts for lithium carbonate futures hit the daily limit, of which the main contract (2511) rose by 8%, and are now at 81,000 yuan/ton.
Xinjiang revitalization concept stocks are booming
On the morning of August 11, Xinjiang Revitalization Concept Stocks continued to be active. Xinjiang Torch, Xinjiang Communications Construction, Western Construction, Beixin Road and Bridge, Bayi Steel and other stocks have been listed for two consecutive times.
The National Enterprise Credit Information Disclosure System shows that on August 7, Xintia Railway Co., Ltd. was established, with the legal representative being Ma Yinjun, with a registered capital of 95 billion yuan. The company is located in Lhasa City, Tibet Autonomous Region and is an enterprise mainly engaged in railway transportation. China National Railway Group Co., Ltd. is the legal shareholder of Xintia Railway Co., Ltd. Ma Yinjun is the chairman of the company and Zhou Junwei is the manager.
According to the "14th Five-Year Plan" and Medium- and Long-term Railway Network Plan for the Tibet Autonomous Region", the Xin-Tibet Railway starts from Hotan, Xinjiang in the north, passes through Ali, Lazi, etc., and finally extends to Shigatse. The designed mileage is about 2,000 kilometers, with a total investment of over 100 billion yuan.
CITIC Securities Research Report believes that the Xinjiang-Tibet Railway has important strategic significance and will improve the accessibility of the western railway network and lay the foundation for smooth travel and logistics. At present, the tourism resources and transportation convenience in the Xinxi and Tibet region are in contrast, and the railway network continues to be improved to form effective coordination with regional aviation, which is expected to further explore the incremental demand for tourism. The Xinjiang-Tibet Railway connects the mineral resource belt in southern Xinjiang and the lithium mine resources in Tibet, laying the foundation for the export of mineral resources.
