Ganfeng Lithium (01772) shares surged 5.06% in intraday trading, outpacing its earlier gains, as lithium mining stocks rallied on positive industry projections. The stock's strong performance comes amid growing optimism about the future demand for lithium in various sectors, including renewable energy and electric vehicles.
The upward momentum in lithium stocks was fueled by remarks from industry leaders at the 2025 Second China International Lithium Industry Conference. Tianqi Lithium's Chairman Jiang Anqi projected global lithium demand to reach 2 million metric tons of lithium carbonate equivalent (LCE) by 2026, driven by increasing renewable energy integration, rapid electrification of commercial heavy-duty vehicles, and rising lithium consumption in energy storage and power batteries.
Ganfeng Lithium's own chairman, Li Liangbin, had previously forecast a 30% increase in lithium carbonate demand by 2026, reaching 1.9 million metric tons. Li also suggested that if demand growth exceeds expectations, potentially hitting 40%, the industry might face short-term supply constraints. This scenario could potentially drive lithium carbonate prices above RMB 150,000 per ton or even RMB 200,000 per ton, further boosting the prospects for lithium mining companies like Ganfeng Lithium.
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