Hong Kong Stock Concept Tracking | Lithium Carbonate Prices Rise Again, Leading Listed Companies Have Guaranteed Profits (with Concept Stocks)
Last week, Guangzhou's main contract price for lithium carbonate surged nearly 4% to 162,000 yuan/ton, a new high since July 8.
The Tongguan Jinyuan Futures Research Report points out that the process of resuming production of the Jianxiawo lithium mine in the Ningde era is currently the focus of market attention. As the largest known lithium mica mine in the world, it involves an annual production capacity of about 100,000 tons. The resumption of production will significantly change supply expectations and is a core catalyst for future transactions.
The Zhitong Finance App learned that the CITIC Construction Investment Research Report points out that the lithium supply side is repeatedly between tight reality and broad expectations, continuing to disrupt market sentiment. The progress of the Jiangxi lithium mine resumption is still a key variable. Even though the Jinba lithium mine has arrived in Hong Kong one after another, the raw material side is still tight, and production recovery is limited.
The demand side has remained stable. Downstream material factories have continued to procure during the low season. Some have already begun to prepare stocks for September. They are highly motivated to close positions at a price of 150,000 yuan/ton or less and prepare stocks immediately. Expectations for the “gold, nine, silver, ten” traditional peak season, spot purchases are expected to continue to strengthen.
Market inventory continues to show a trend of elimination. According to SMM, the large sample inventory this week was 78,800 tons, and 0.76 million tons continued to be removed, and it has been showing an accelerated trend of removal for 9 consecutive weeks.
Downstream production schedules will continue to rise in September, and the low inventory trend will be maintained. As the peak consumption season arrives, lithium prices may gradually move from long-term expected pricing to recent fundamental pricing, which is optimistic about lithium price performance during the peak season.
Recently, Dongwu Securities released a research report stating that the global energy storage demand growth rate is expected to rise to 73% in '26, to reach 1,111 GWh, and increase by 40% + to 1,572 GWh in '27. Prices in the lithium carbonate industry chain can be expected to rise, and the volume of the sector is rising sharply.
Hong Kong stock companies in the lithium carbonate related industry chain:
Tianqi Lithium (09696): Revenue for the first half of the year was 12.242 billion yuan, up 153.32% year on year; net profit attributable to shareholders of listed companies was 4.242 billion yuan, up 4925.46% year on year. According to calculations, the company's net profit for the second quarter was 2,366 billion yuan, an increase of 26% over the previous quarter. According to the report, the sharp increase in Tianqi Lithium's performance in the first half of the year was mainly due to an increase in the price of lithium products and sales of lithium compounds and derivatives compared to the same period last year.
Ganfeng Lithium (01772): Announces 2026 interim results, with revenue of about 22.884 billion yuan, an increase of 1.77 times; profit attributable to owners of the parent company was about 4.258 billion yuan, turning a year-on-year loss into a profit; basic profit per share was 2.04 yuan. According to the announcement, the increase in total revenue was mainly due to a significant increase in the average sales price of lithium series products during the reporting period compared to the same period last year. Combined with the increase in demand for energy storage, the increase in production and sales in the lithium battery sector led to a sharp increase in revenue and profit over the same period last year.
Zijin Mining (02899): The semi-annual report shows that the “third growth pole” lithium sector has made a large-scale contribution, achieving 44,000 tons of equivalent lithium carbonate production, a significant increase over the previous year.
Zhongwei New Materials (02579): Zhongwei New Materials has deployed lithium ore resources in Argentina, and the amount of lithium resources controlled is equivalent to more than 10 million tons of lithium carbonate equivalent (LCE). The company has built two major salt lakes in Argentina, Jama and Solaroz, which are located in the core area of South America's “lithium triangle”. According to the plan, gradual output is expected starting in 2028. In the long run, these lithium resources will be incorporated into the company's global industrial chain to support its integrated development of “resource-smelting-material-recycling”.
Longpan Technology (02465): Announces 2026 interim results, with operating income of about 7.198 billion yuan, up 98.75% year on year; net profit attributable to shareholders of listed companies was about 421 million yuan, turning a year-on-year loss into a profit; basic earnings per share were 0.59 yuan. According to the announcement, the increase in revenue was mainly due to the increase in revenue in the lithium iron phosphate cathode materials business during the reporting period. During the reporting period, the company officially launched the first phase of Changzhou Jintan production capacity of 120,000 tons of high-pressure lithium iron phosphate, and plans to advance the 120,000 ton lithium iron phosphate production capacity construction project in Indonesia in Phase III.