<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>鋰和鎳的價格持續下跌，顯示出需求降温的跡象。根據 Investing 彙編的數據，鋰碳酸鹽的價格在週四暴跌至 174,500 元人民幣，較年初高點 365,000 元人民幣和去年的高點 600,000 元人民幣大幅下跌。同樣，鎳的價格也從去年 12 月的高點 31,000 元人民幣降至 18,450 元人民幣。</p>
<h2>需求與供應動態</h2>
<p>鋰和鎳是兩個重要的商品，因為各國都在關注氣候變化。這兩種金屬是清潔能源轉型的重要組成部分，因為它們廣泛用於製造電池。</p>
<p>在疫情期間，由於需求上升和對 ESG 投資的轉變，這些金屬的價格飆升。然而，最近它們的表現惡化，因為投資者關注持續的需求與供應動態。</p>
<p>有跡象表明，需求方面正在惡化，因為市場現在已經飽和。印度尼西亞、津巴布韋、智利和澳大利亞等國已經提高了生產以滿足不斷上升的需求。</p>
<p>美國也預計將成為鋰行業的重要參與者，因為它最近在內華達州發現了重要的鋰礦。發現該礦的 Lithium Americas 公司預計將在 2026 年開始開採。</p>
<p>鎳和鋰的價格也因中國在該行業的市場份額而暴跌。中國在國際上投資了大多數鋰和鎳礦。因此，人們擔心中國會像對待鋼鐵那樣對待這些金屬。</p>
<p>需求方面的情況也不樂觀，因為電動車行業出現了重大放緩。特斯拉在週三報告了疲軟的財報，此前它花了幾個月時間削減價格。福特也在減少其 Lightning 產品的生產。其他電動車公司如小鵬、蔚來和理想汽車也警告增長緩慢。</p>
<p>觀看鏈接： https://www.youtube.com/embed/cZlsZwcIgpc?feature=oembed</p>
<h2>ESG 泡沫是否破裂？</h2>
<p>鋰和鎳價格的表現表明 ESG 中的環境部分表現不佳。例如，在九月份的演講中，首相里希·蘇納克警告稱，英國將無法按計劃實現淨零排放目標。因此，他將內燃機（ICE）禁令延長至 2035 年。</p>
<p>與此同時，像殼牌和 BP 這樣的公司在可再生能源項目上進行了大量投資，但在多年表現不佳後，已縮減了其綠色雄心。</p>
<p>最重要的是，風能、氫能和太陽能行業的公司股票均大幅下跌。Sunrun 的股票自 2020 年最高點以來已下跌近 90%。Plug Power 的股票從疫情高點崩潰了 90%。其他公司如 ChargePoint、Enphase Energy 和 First Solar 也遭遇了崩盤。</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 圖表</em></p>
<p>這表明投資者不再相信這些行業的回報是合理的，尤其是在當前高利率環境下。利率已飆升至 5.50%，是 2002 年以來的最高點。</p>
<p>另一個表明 ESG 泡沫正在破裂的跡象是，許多 ESG 基金在過去幾個月中出現了數十億的資金流出。</p>
<p>這篇文章《鋰、鎳價格暴跌：ESG 泡沫是否破裂？》最早出現在 Invezz 上。</p>

<p>鋰和鎳的價格因需求降温而大幅下跌，鋰碳酸鹽的價格從高點的 365,000 元降至 174,500 元。此次下跌歸因於供應過剩，因為印尼和澳大利亞等國的生產增加，同時電動車行業也出現放緩。對中國在市場中的主導地位以及可再生能源投資表現不佳的擔憂，導致人們對 ESG 投資的可持續性產生更廣泛的質疑，許多 ESG 基金經歷了大規模的資金流出</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>鋰和鎳的價格持續下跌，顯示出需求降温的跡象。根據 Investing 彙編的數據，鋰碳酸鹽的價格在週四暴跌至 174,500 元人民幣，較年初高點 365,000 元人民幣和去年的高點 600,000 元人民幣大幅下跌。同樣，鎳的價格也從去年 12 月的高點 31,000 元人民幣降至 18,450 元人民幣。</p>
</div><h2>Demand and supply dynamics</h2>
<div class="lb-trans"><h2>需求與供應動態</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>鋰和鎳是兩個重要的商品，因為各國都在關注氣候變化。這兩種金屬是清潔能源轉型的重要組成部分，因為它們廣泛用於製造電池。</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>在疫情期間，由於需求上升和對 ESG 投資的轉變，這些金屬的價格飆升。然而，最近它們的表現惡化，因為投資者關注持續的需求與供應動態。</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>有跡象表明，需求方面正在惡化，因為市場現在已經飽和。印度尼西亞、津巴布韋、智利和澳大利亞等國已經提高了生產以滿足不斷上升的需求。</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>美國也預計將成為鋰行業的重要參與者，因為它最近在內華達州發現了重要的鋰礦。發現該礦的 Lithium Americas 公司預計將在 2026 年開始開採。</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>鎳和鋰的價格也因中國在該行業的市場份額而暴跌。中國在國際上投資了大多數鋰和鎳礦。因此，人們擔心中國會像對待鋼鐵那樣對待這些金屬。</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>需求方面的情況也不樂觀，因為電動車行業出現了重大放緩。特斯拉在週三報告了疲軟的財報，此前它花了幾個月時間削減價格。福特也在減少其 Lightning 產品的生產。其他電動車公司如小鵬、蔚來和理想汽車也警告增長緩慢。</p>
</div><p>Watch here: https://www.youtube.com/embed/cZlsZwcIgpc?feature=oembed</p>
<div class="lb-trans"><p>觀看鏈接： 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>鋰和鎳價格的表現表明 ESG 中的環境部分表現不佳。例如，在九月份的演講中，首相里希·蘇納克警告稱，英國將無法按計劃實現淨零排放目標。因此，他將內燃機（ICE）禁令延長至 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>與此同時，像殼牌和 BP 這樣的公司在可再生能源項目上進行了大量投資，但在多年表現不佳後，已縮減了其綠色雄心。</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，風能、氫能和太陽能行業的公司股票均大幅下跌。Sunrun 的股票自 2020 年最高點以來已下跌近 90%。Plug Power 的股票從疫情高點崩潰了 90%。其他公司如 ChargePoint、Enphase Energy 和 First Solar 也遭遇了崩盤。</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 圖表</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>這表明投資者不再相信這些行業的回報是合理的，尤其是在當前高利率環境下。利率已飆升至 5.50%，是 2002 年以來的最高點。</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>另一個表明 ESG 泡沫正在破裂的跡象是，許多 ESG 基金在過去幾個月中出現了數十億的資金流出。</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>這篇文章《鋰、鎳價格暴跌：ESG 泡沫是否破裂？》最早出現在 Invezz 上。</p>
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鋰和鎳的價格大幅下跌：ESG 泡沫是否正在破裂？