再創歷史新高，市值逼近2000億港元！“中國鋰王”邊界在哪？
今日贛鋒鋰業（1772.HK/002460.SZ）一度漲超8%，尾盤收漲超5%，報120.8港元，總市值逼近2000億港元，再創歷史新高。
來源：Wind
贛鋒鋰業以金屬鋰等鋰深加工業務起家， 經過20年的歷程已成長為全球領先的鋰資源、鋰化合物及深加工上下游一體化生產商，構建了從資源開採到循環再造的閉環生態系統。目前公司具備“礦石+鹽湖+粘土” 品種多元、地域多元的上游資源保障體系，並與全球車企巨頭（特斯拉、大眾、寶馬）、領軍電池（LG化學）簽訂多年期長期供貨協議。
鋰鹽價格自20年年中觸底以來，近期已經呈現明顯的築底復甦態勢。工業級碳酸鋰、電池級碳酸鋰均由4萬元/噸及以下上漲至7萬元/噸附近。
《研報掘金》欄目於12月18日覆蓋了贛鋒鋰業，截至今日收盤A股上漲53.42%，港股累計上漲59.58%！
五礦證券表示，在全球電動化浪潮中，具備下述幾方面特質的鋰原料供應商將充分受益：
擁有資源端的“基石資產”，在礦產、鋰化工兩個環節上均形成明確的成本和品質優勢；資源與加工之間密切匹配，高效的實施從資源到鋰化工的產能建設，並注重生產線的自動化、智能化升級；擁有深厚的工藝積澱，以及多元的鋰深加工產品組合，在各條產品線上具備比較優勢。
具體來看，贛鋒鋰業是中國乃至全球鋰業產業鏈最完整的企業，資源佈局優質、產能規劃穩步推進；新能源持續高景氣，鋰礦及鋰鹽價格年內築底反彈，有望持續享受行業紅利。
上游：掌握優質鋰資源，礦石系、鹽湖系、黏土系均有佈局，鋰資源分佈在澳大利亞、阿根廷、墨西哥等多地，在資源價格底部逆週期擴張
中游：鋰鹽（碳酸鋰、氫氧化鋰）佈局國內領先，伴隨產能釋放可與國際巨頭抗衡，乃至成為全球產能首位；另佈局金屬鋰業務，可應用於前沿技術固態電池等；產品進入多家知名廠商核心供應鏈
下游：佈局消費鋰電池生產及回收業務，未來有望切入動力電池及儲能業務
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