<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2023/07/192767050-m-normal-none.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="2508" height="1672" original-src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2023/07/192767050-m-normal-none.jpg"/></p>
<p>锂和镍的价格持续下跌，显示出需求降温的迹象。根据 Investing 汇编的数据，锂碳酸盐的价格在周四暴跌至 174,500 元人民币，较年初高点 365,000 元人民币和去年的高点 600,000 元人民币大幅下跌。同样，镍的价格也从去年 12 月的高点 31,000 元人民币降至 18,450 元人民币。</p>
<h2>需求与供应动态</h2>
<p>锂和镍是两个重要的商品，因为各国都在关注气候变化。这两种金属是清洁能源转型的重要组成部分，因为它们广泛用于制造电池。</p>
<p>在疫情期间，由于需求上升和对 ESG 投资的转变，这些金属的价格飙升。然而，最近它们的表现恶化，因为投资者关注持续的需求与供应动态。</p>
<p>有迹象表明，需求方面正在恶化，因为市场现在已经饱和。印度尼西亚、津巴布韦、智利和澳大利亚等国已经提高了生产以满足不断上升的需求。</p>
<p>美国也预计将成为锂行业的重要参与者，因为它最近在内华达州发现了重要的锂矿。发现该矿的 Lithium Americas 公司预计将在 2026 年开始开采。</p>
<p>镍和锂的价格也因中国在该行业的市场份额而暴跌。中国在国际上投资了大多数锂和镍矿。因此，人们担心中国会像对待钢铁那样对待这些金属。</p>
<p>需求方面的情况也不乐观，因为电动车行业出现了重大放缓。特斯拉在周三报告了疲软的财报，此前它花了几个月时间削减价格。福特也在减少其 Lightning 产品的生产。其他电动车公司如小鹏、蔚来和理想汽车也警告增长缓慢。</p>
<p>观看链接： https://www.youtube.com/embed/cZlsZwcIgpc?feature=oembed</p>
<h2>ESG 泡沫是否破裂？</h2>
<p>锂和镍价格的表现表明 ESG 中的环境部分表现不佳。例如，在九月份的演讲中，首相里希·苏纳克警告称，英国将无法按计划实现净零排放目标。因此，他将内燃机（ICE）禁令延长至 2035 年。</p>
<p>与此同时，像壳牌和 BP 这样的公司在可再生能源项目上进行了大量投资，但在多年表现不佳后，已缩减了其绿色雄心。</p>
<p>最重要的是，风能、氢能和太阳能行业的公司股票均大幅下跌。Sunrun 的股票自 2020 年最高点以来已下跌近 90%。Plug Power 的股票从疫情高点崩溃了 90%。其他公司如 ChargePoint、Enphase Energy 和 First Solar 也遭遇了崩盘。</p>
<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2023/10/plug-2023-10-19-16-42-27-1024x605.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1024" height="605" original-src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2023/10/plug-2023-10-19-16-42-27-1024x605.png"/></p>
<p><em>CHPT vs RUN vs ENPH vs PLUG 图表</em></p>
<p>这表明投资者不再相信这些行业的回报是合理的，尤其是在当前高利率环境下。利率已飙升至 5.50%，是 2002 年以来的最高点。</p>
<p>另一个表明 ESG 泡沫正在破裂的迹象是，许多 ESG 基金在过去几个月中出现了数十亿的资金流出。</p>
<p>这篇文章《锂、镍价格暴跌：ESG 泡沫是否破裂？》最早出现在 Invezz 上。</p>

<p>锂和镍的价格因需求降温而大幅下跌，锂碳酸盐的价格从高点的 365,000 元降至 174,500 元。此次下跌归因于供应过剩，因为印尼和澳大利亚等国的生产增加，同时电动车行业也出现放缓。对中国在市场中的主导地位以及可再生能源投资表现不佳的担忧，导致人们对 ESG 投资的可持续性产生更广泛的质疑，许多 ESG 基金经历了大规模的资金流出</p>

<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2023/07/192767050-m-normal-none.jpg" alt="" original-src="https://invezz.com/wp-content/uploads/2023/07/192767050-m-normal-none.jpg"/></p>
<p>Lithium and nickel prices continued their plunge as signs of cooling demand continues. Data compiled by Investing shows that the price of lithium carbonate crashed to CNY 174,500 on Thursday, down from the year-to-date high of CNY 365k and last year’s high of 600k. Similarly, nickel price has dropped from last December’s high of 31k to 18.45k.</p>
<div class="lb-trans"><p>锂和镍的价格持续下跌，显示出需求降温的迹象。根据 Investing 汇编的数据，锂碳酸盐的价格在周四暴跌至 174,500 元人民币，较年初高点 365,000 元人民币和去年的高点 600,000 元人民币大幅下跌。同样，镍的价格也从去年 12 月的高点 31,000 元人民币降至 18,450 元人民币。</p>
</div><h2>Demand and supply dynamics</h2>
<div class="lb-trans"><h2>需求与供应动态</h2>
</div><p>Lithium and nickel are two of the most important commodities as countries focus on climate change. The two are an essential part of the clean energy transition since they are widely used to manufacture batteries.</p>
<div class="lb-trans"><p>锂和镍是两个重要的商品，因为各国都在关注气候变化。这两种金属是清洁能源转型的重要组成部分，因为它们广泛用于制造电池。</p>
</div><p>These metals surged during the pandemic as demand rose and the shift to ESG investing continued. Recently, however, their performance has deteriorated as investors focus on the ongoing demand and supply dynamics.</p>
<div class="lb-trans"><p>在疫情期间，由于需求上升和对 ESG 投资的转变，这些金属的价格飙升。然而，最近它们的表现恶化，因为投资者关注持续的需求与供应动态。</p>
</div><p>There are signs that the demand side is deteriorating since the market is now saturated with the metals. Countries like Indonesia, Zimbabwe, Chile, and Australia have boosted their production to meet the rising demand.</p>
<div class="lb-trans"><p>有迹象表明，需求方面正在恶化，因为市场现在已经饱和。印度尼西亚、津巴布韦、智利和澳大利亚等国已经提高了生产以满足不断上升的需求。</p>
</div><p>The United States is also expected to become a big player in the lithium industry as it recently made a big find in Nevada. Lithium Americas, the company that made the find, expects to start mining in 2026.</p>
<div class="lb-trans"><p>美国也预计将成为锂行业的重要参与者，因为它最近在内华达州发现了重要的锂矿。发现该矿的 Lithium Americas 公司预计将在 2026 年开始开采。</p>
</div><p>Nickel and lithium prices have also plunged because of China’s market share in the industry. The country has invested in most lithium and nickel mines internationally. As a result, there are concerns that the country will do with them as it did with steel.</p>
<div class="lb-trans"><p>镍和锂的价格也因中国在该行业的市场份额而暴跌。中国在国际上投资了大多数锂和镍矿。因此，人们担心中国会像对待钢铁那样对待这些金属。</p>
</div><p>The demand side is also not doing well as the EV industry sees a major slowdown. Tesla reported weak earningson Wednesday after it spent months slashing prices. Ford is also reducing production of its Lightning product. Other EV companies like Xpeng, Nio, and Li Auto have warned about slow growth.</p>
<div class="lb-trans"><p>需求方面的情况也不乐观，因为电动车行业出现了重大放缓。特斯拉在周三报告了疲软的财报，此前它花了几个月时间削减价格。福特也在减少其 Lightning 产品的生产。其他电动车公司如小鹏、蔚来和理想汽车也警告增长缓慢。</p>
</div><p>Watch here: https://www.youtube.com/embed/cZlsZwcIgpc?feature=oembed</p>
<div class="lb-trans"><p>观看链接： https://www.youtube.com/embed/cZlsZwcIgpc?feature=oembed</p>
</div><h2>Is the ESG bubble popping?</h2>
<div class="lb-trans"><h2>ESG 泡沫是否破裂？</h2>
</div><p>The performance of lithium and nickel prices is a sign that the E part of ESG is not doing well. For example, in a speech in September, Prime Minister Rishi Sunak warned that the UK would not achieve its net-zero plans as scheduled. As a result, he extended the Internal Combustion Engine (ICE) ban to 2035.</p>
<div class="lb-trans"><p>锂和镍价格的表现表明 ESG 中的环境部分表现不佳。例如，在九月份的演讲中，首相里希·苏纳克警告称，英国将无法按计划实现净零排放目标。因此，他将内燃机（ICE）禁令延长至 2035 年。</p>
</div><p>Meanwhile, companies like Shell and BP, which have invested heavily in renewable energy projects, have scaled back their green ambitions after years of underperformance.</p>
<div class="lb-trans"><p>与此同时，像壳牌和 BP 这样的公司在可再生能源项目上进行了大量投资，但在多年表现不佳后，已缩减了其绿色雄心。</p>
</div><p>Most importantly, shares of companies in the wind, hydrogen, and solar industries have all plummeted. Sunrun stock has fallen by almost 90% from its highest point in 2020. Plug Power has crashed by 90% from its pandemic highs. Other companies like ChargePoint, Enphase Energy, and First Solar have also crashed.</p>
<div class="lb-trans"><p>最重要的是，风能、氢能和太阳能行业的公司股票均大幅下跌。Sunrun 的股票自 2020 年最高点以来已下跌近 90%。Plug Power 的股票从疫情高点崩溃了 90%。其他公司如 ChargePoint、Enphase Energy 和 First Solar 也遭遇了崩盘。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2023/10/plug-2023-10-19-16-42-27-1024x605.png" alt="" original-src="https://invezz.com/wp-content/uploads/2023/10/plug-2023-10-19-16-42-27-1024x605.png"/></p>
<p><em>CHPT vs RUN vs ENPH vs PLUG chart</em></p>
<div class="lb-trans"><p><em>CHPT vs RUN vs ENPH vs PLUG 图表</em></p>
</div><p>This is a sign that investors no longer believe that returns in these industries are justified especially in the ongoing high interest rates environment. Rates have surged to 5.50%, the highest point in more than 2002.</p>
<div class="lb-trans"><p>这表明投资者不再相信这些行业的回报是合理的，尤其是在当前高利率环境下。利率已飙升至 5.50%，是 2002 年以来的最高点。</p>
</div><p>Another sign that the ESG bubble is bursting is that many ESG funds have seen billions in outflows in the past few months.</p>
<div class="lb-trans"><p>另一个表明 ESG 泡沫正在破裂的迹象是，许多 ESG 基金在过去几个月中出现了数十亿的资金流出。</p>
</div><p>The post Lithium, nickel prices have plummeted: is the ESG bubble bursting? appeared first on Invezz</p>
<div class="lb-trans"><p>这篇文章《锂、镍价格暴跌：ESG 泡沫是否破裂？》最早出现在 Invezz 上。</p>
</div>

锂和镍的价格大幅下跌：ESG 泡沫是否正在破裂？