Lithium-related stocks in Hong Kong showed resilience against the broader market decline. At the time of writing, Ganfeng Lithium (01772) rose 4.05% to HK$49.86, Honbridge Group (08137) gained 3.23% to HK$0.48, Tianqi Lithium (09696) climbed 2.61% to HK$48.02, and CATL (03750) increased 1.79% to HK$499.20.
Analysts note that the lithium battery sector is entering its seasonal low-demand period in December, coupled with potential resumption of production at the Jianxiawo lithium mine. This may temporarily ease the supply-demand imbalance for lithium carbonate, putting short-term pressure on lithium prices.
Looking ahead to next year, with lithium battery demand growth exceeding expectations, the lithium salt market is entering an inventory reduction cycle. The lithium carbonate market is expected to see a supply-demand reversal, potentially driving lithium prices into an upward cycle fueled by demand. This shift could mark a profit turning point for companies in the lithium sector.
Comments