Market review: this week, the Shanghai Composite Index fell 1.19% to 321224 points; The CSI 300 index fell 2.14% to 417457; SW nonferrous metals industry index rose 2.26% this week to 539253 points, ranking fourth among the 28 primary industries of a shares. In terms of molecular industries, among the five secondary sub industries of the non-ferrous metal industry this week, industrial metals, precious metals and energy metals rose by 2.77%, 9.22% and 1.74% respectively, while small metals and new metal materials fell by 0.13% and 0.49% respectively.
Key metal price data: copper, aluminum, zinc, lead, nickel and tin in the previous period of this week closed at 73560 yuan / ton, 23090 yuan / ton, 26380 yuan / ton, 15445 yuan / ton, 264200 yuan / ton and 345980 yuan / ton respectively, with changes of 0.92%, 2.21%, 3.76%, 1.38%, 20.15% and 3.73% respectively compared with last week. This week, London LME copper, aluminum, zinc, lead, nickel and tin closed at US $10277 / ton, US $3625 / ton, US $4080 / ton, US $2332 / ton, US $36300 / ton and US $42300 / ton respectively, with changes of – 0.52%, 7.22%, 6.64%, 3.53%, – 1.67% and – 0.01% respectively compared with last week. This week, gold and silver in the previous period closed at 401.70 yuan / g and 5237 yuan / kg respectively, with changes of 1.15% and 2.01% respectively compared with last week; COMEX gold and silver closed at US $195760/oz and US $25.73/oz respectively, with changes of 1.47% and 2.54% respectively compared with last week. Praseodymium neodymium oxide, terbium oxide, dysprosium oxide and sintered neodymium iron boron N35 blanks closed at 995000 yuan / ton, 13.8 million yuan / ton, 2.84 million yuan / ton and 292.5 yuan / kg respectively, with changes of – 2.93%, – 3.50%, – 3.73% and – 1.68% respectively compared with last week. This week, the prices of battery grade lithium carbonate, industrial grade lithium carbonate, battery grade lithium hydroxide and Australian lithium concentrate closed at 517470 yuan / ton, 497500 yuan / ton, 497333 yuan / ton and 2775 US dollars / ton respectively, with changes of 0%, 0%, 0% and 0% respectively compared with last week. This week, China’s electrolytic cobalt, MB electrolytic cobalt, cobalt trioxide and cobalt sulfate closed at 570500 yuan / ton, 39.1 US dollars / pound, 443500 yuan / ton and 123500 yuan / ton respectively, with changes of 0.53%, 0.26%, 0.68% and 0.41% respectively compared with last week.
Investment suggestion: at this week’s China electric vehicle hundred people’s conference forum, Ouyang Minggao, academician of the Chinese Academy of Sciences, predicted that the supply-demand balance of lithium resources may return to normal in 2-3 years. Xin Guobin, Vice Minister of the Ministry of industry and information technology, said that he attached great importance to and seriously studied and solved the problem of sharp price rise of raw materials for power batteries, moderately accelerated the progress of China’s resource development, resolutely cracked down on unfair competition such as hoarding, speculation and speculation, guided upstream and downstream enterprises in the industrial chain to strengthen cooperation and common development, and promoted the return of the price of key raw materials to rationality. At present, the market’s expectation of “policy price control” of lithium begins to be gradually digested, and the core contradiction of high lithium price is the shortage of lithium resources, which may continue for 2-3 years. At present, accelerating the development of China’s lithium resources and strengthening the coordination of upstream and downstream enterprises in the lithium battery industry chain are more effective and feasible measures to ensure the supply and stable price of key raw materials in the Shanxi Guoxin Energy Corporation Limited(600617) lithium battery industry chain. Chinese policy is expected to be pushed forward. The prospect of developing lithium resources such as Sichuan lithium mine and Jiangxi mica is expected to be strengthened. It is expected that the prospect of developing lithium resources such as Sichuan lithium mine and Jiangxi mica. It is expected to be strengthened. It is suggested to focus on Hongda Xingye Co.Ltd(002002) 192 \ ( Tianqi Lithium Corporation(002466) ), Sinomine Resource Group Co.Ltd(002738) ( Sinomine Resource Group Co.Ltd(002738) ), Yongxing Special Materials Technology Co.Ltd(002756) ( Yongxing Special Materials Technology Co.Ltd(002756) ) Ganfeng Lithium Co.Ltd(002460) Ganfeng Lithium Co.Ltd(002460) ）、 Tibet Summit Resources Co.Ltd(600338) Tibet Summit Resources Co.Ltd(600338) ）。 The conflict between Russia and Ukraine continued to ferment. Russia countered the sanctions imposed by European and American countries with the threat of energy supply, stimulated the rise of energy prices such as crude oil and natural gas, and kept inflationary pressure rising. Although US Federal Reserve Chairman Colin Powell and other officials put forward a hawkish stance of raising interest rates by 50 basis points when necessary, the upside down of us 10-year and 2-year treasury bond interest rates shows that the market’s expectation of “stagflation” in the US economy is strengthening, and the allocation of gold to hedge the risk value of stagflation is expected to highlight. At present, the valuation of the China National Gold Group Gold Jewellery Co.Ltd(600916) \ ( Shengda Resources Co.Ltd(000603) ).
