2022H1 经营业绩：受益于产品量价齐升、并购贷款还清，天齐锂业2022 年H1 业绩呈爆发式增长，营业收入为142.95 亿元，同比+508.05%；净利润为120.05 亿元，同比+4767.93%；归母净利润103.28 亿元，同比+11937.16%。经营活动产生的现金流量净额为20.97 亿元，同比+232.59%。截至中报期末资产负债率为45.55%，较2021 年末（58.9%）下降13.35pct。其中：上游锂矿业务方面：营业收入44.66 亿元，占总营业收入比重31.24%，营收同比+417.70%；毛利率为77.05%，同比+18.25pct.；营业成本同比+188.46%。中游锂化合物及衍生品方面：营业收入98.28 亿元，占总营业收入比重68.75%，营收同比+560.73%；毛利率为87.54%，同比+40.86pct.；营业成本同比+54.42%。

1.市场回顾...........................................................................................................................................................6
2、各板块行业动态及数据跟踪........................................................................................................................ 7
2.1 锂............................................................................................................................................................7
2.2 钴............................................................................................................................................................9
2.3 镍..........................................................................................................................................................10
2.4 稀土永磁............................................................................................................................................. 13
2.5 锡..........................................................................................................................................................14
2.6 钨..........................................................................................................................................................16
2.7 镁..........................................................................................................................................................17
2.8 铝..........................................................................................................................................................18
2.9 铜..........................................................................................................................................................21
3、风险提示.......................................................................................................................................................24