The Zhitong Finance App learned that lithium stocks were higher in early trading. As of press release, Tianqi Lithium (09696) rose 9.19% to HK$36.84; Ganfeng Lithium (01772) rose 8.94% to HK$40.72.
According to the news, the main contract for lithium carbonate surged nearly 4% this morning, reaching a maximum of 158,520 yuan/ton. Since August, lithium carbonate prices have increased by more than 15% cumulatively. Cinda Futures pointed out that the inventory data released by Nonferrous Metals Network yesterday showed that about 7,500 tons were removed from the warehouse every week, which at one point raised the market to 154,000 yuan. It can be seen from the data released by the two agencies over the past two days that although there are differences in the data collection, the magnitude is about the same, indicating that the overall inventory continues to be rapidly removed at present.
Huatai Futures believes that the current pattern of tight supply of lithium ore raw materials continues to support the cost of lithium carbonate. The overall inventory of traders is low, and their enthusiasm for receiving goods has picked up recently. Downstream material factories rely on long-term cooperation and customer supply to guarantee a certain supply, mainly in need of inventory replenishment. On the demand side, the overall downstream operating rate remained high. The August order schedule continued to be high month-on-month, and spot stocks strengthened. Leading battery factories' production is expected to increase in 2027. Weak long-term expectations are revised appropriately, and peak season rebound expectations may be strengthened.