On December 11, Hong Kong-listed lithium battery stocks surged collectively. Among them, TIANQI LITHIUM rose over 4%, while Contemporary Amperex Technology (CATL) and Ganfeng Lithium gained more than 3%. Hongqiao Group and CALB also climbed over 1%.
The rally followed an announcement by domestic lithium battery manufacturer Deji Energy on December 9, stating that due to rising upstream raw material costs and increased production expenses, it would raise battery product prices by 15% starting December 16. On the same day, Farasis Energy indicated it was negotiating price adjustments with customers, with some products already seeing hikes.
Huatai Securities noted that lithium battery production in December is expected to increase month-on-month, with improving industry sentiment and rising capacity utilization across multiple segments driving price upticks. China International Capital Corporation (CICC) forecasts a new uptrend cycle for lithium batteries by 2026, with energy storage likely becoming a key growth driver.
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