The Zhitong Finance App learned that lithium stocks picked up in early trading. As of press release, Ganfeng Lithium (01772) rose 7.33% to HK$39.56; Tianqi Lithium (09696) rose 7.27% to HK$34.52; and Longpan Technology (02465) rose 5.78% to HK$10.07.

According to the news, Ganfeng Lithium recently announced Yingxi. It is expected to achieve net profit of 3.65 billion yuan to 4.6 billion yuan in the first half of the year, up 787% to 966% year on year. Net loss for the same period last year was 531 million yuan; after deducting non-net profit of 3 billion yuan to 4.2 billion yuan, an increase of 428.64% to 560.10% year on year. In addition, Tianqi Lithium's net profit for the first half of the year is expected to reach 2.85 billion yuan to 4.25 billion yuan, an increase of 3276.35% to 4934.91% over the previous year.

CITIC Construction Investment released a research report saying that on the supply side, lithium carbonate production is declining, and some lithium salt plants are undergoing maintenance as planned, leading to a significant reduction in spodumene production lines. On the demand side, the July production schedule is expected to continue its growth trend. The operating rate of the material factory is expected to remain high, and it is expected to increase by more than 5% month-on-month. It is expected that production will continue to grow positively in August. The off-season is not easy. The peak season can be expected in the fourth quarter.

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