Changes in Hong Kong stocks | Lithium carbonate broke through the 120,000 mark Ganfeng Lithium (01772) rose more than 3% Tianqi Lithium (09696) rose more than 2%

The Zhitong Finance App learned that lithium stocks continued to rise. As of press release, Ganfeng Lithium (01772) rose 3.47% to HK$58.1; Tianqi Lithium (09696) rose 2.92% to HK$54.55.

According to news, on December 23, the lithium carbonate futures price broke through the 120,000 yuan/ton mark, rising more than 5% on the same day. The main contract for lithium carbonate rose by more than 5% this morning. As of press release, it was reported at 124,360 yuan/ton. CITIC Construction Investment pointed out that the first EIA announcement for a large mica lithium mine in Jiangxi was carried out on December 18. According to the normal publicity and approval process, the resumption of production will be delayed again compared to expectations. There is no hope of resuming production in December, and it is difficult to resume production within January. Expectations of off-season consumption accumulation have further weakened, and low inventory levels provide support for continued price increases in the coming year. The bank believes that if the resumption of mine production continues to be delayed and the off-season storage volume falls short of expectations, it will be difficult to support peak season demand in the second quarter and amplify the upward elasticity of lithium prices.

In addition, the Lithium Branch of the China Nonferrous Metals Industry Association recently announced the operation of the lithium industry in November 2025. In November 2025, the price of lithium carbonate futures gradually increased, and fluctuations gradually increased. The performance of lithium companies has rebounded in the third quarter, and the market is optimistic about future lithium prices. On the supply side, market inventories are gradually being removed at an accelerated pace, and news about lithium ore under the Ningde Era is still disturbing. Lithium salt production fell slightly, spodumene lithium production increased slightly, and lithium production from lithium mica fell slightly. On the demand side, new energy vehicles grabbed sales before subsidies declined, and energy storage performance was impressive.