Changes in Hong Kong stocks | Lithium stocks rose higher in early trading Ganfeng Lithium (01772) rose more than 4% Tianqi Lithium (09696) rose more than 3%

The Zhitong Finance App learned that lithium stocks were higher in early trading. As of press release, Ganfeng Lithium (01772) rose 4.27% to HK$51.8; Tianqi Lithium (09696) rose 3.31% to HK$48.

According to the news, the 2,605 lithium carbonate futures contract rose more than 3% this morning, reaching a high of 96,800 yuan/ton. According to Huatai Securities estimates, due to the anticipated shortage of global lithium resources supply and demand in '27, the shortage is expected to start early in the second half of '26, and is expected to break through 100,000 yuan/ton again. Considering the relatively low sensitivity of downstream lithium carbonate prices, the bank believes that if there is a continuous shortage in 27 years, the upward space for lithium carbonate prices may open up further, and it is expected to rise to 120,000 yuan/ton.

Minmetals Securities pointed out that it has observed three major changes in the industry: supply-side production is resilient; driven by demand, the industrial chain is being removed and accelerated. In 2025Q3, global sales of new energy vehicles were 5.4 million units, +23% year over year; energy storage battery shipments were 170 Gwh, +98.5% year over year, and the increase in industrial chain production schedules led to inventory removal and acceleration; the capital expenditure of Chinese enterprises has been at the bottom of the cycle for about 3 years, and we expect the pace of commissioning lithium salt projects to slow down in 2026-2028. The bank believes that the inflection point of the lithium mine cycle is gradually approaching.