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Lithium stocks are under pressure, GANFENGLITHIUM (01772) fell by 4.65%, and Institutions indicate that lithium prices may be difficult to maintain recent highs.
Jingu Financial News | Lithium stocks are under pressure, as of the time of publication, GANFENGLITHIUM (01772) is down 4.65% and Tianqi Lithium Corporation (09696) is down 3.21%. In terms of news, Daiwa Capital Markets stated in a research report to clients that the Global lithium supply is expected to grow by 12-28% from 2025 to 2026 due to increased production in key regions such as Argentina, Australia, and Africa. However, the team warned that due to oversupply, lithium prices may still face pressure. Currently, China's LCE (lithium carbonate
Hong Kong stocks are moving differently | Lithium stocks fell in early trading, Rio Tinto expanded its production capacity in Argentina, and Institutions expect lithium prices to fluctuate at the bottom Range next year.
Lithium stocks dropped in morning trading. As of the time of this report, GANFENGLITHIUM (01772) fell by 4.2%, trading at 21.65 Hong Kong dollars; Tianqi Lithium Corporation (09696) fell by 3.21%, trading at 25.65 Hong Kong dollars.
Express News | Ping An Securities: The center of gold prices is expected to continue to rise in 2025.
Mainland's power Battery sales in November increased by 30% year-on-year and rose by 10% month-on-month.
The China Automobile Power Battery Industry Innovation Alliance released the monthly information for power batteries in November 2024, showing that in November, the sales of mainland power and Other batteries reached 118.3 GWh, a month-on-month increase of 7.2% and a year-on-year increase of 40.1%. Among them, the sales of power batteries were 87.8 GWh, accounting for 74.2% of total sales, with a month-on-month increase of 10.9% and a year-on-year increase of 29.7%. In the first eleven months of this year, the cumulative sales of mainland power and Other batteries reached 914.3 GWh, a year-on-year increase of 42.8%. Among them, the cumulative sales of power batteries were 692.3 GWh, accounting for 75.7% of total sales.
Tianqi Lithium Corporation (002466): A leading Global lithium company with obvious CNI Resource Index advantages.
Global leading Lithium resource companies strategically layout Lithium resources in China, Australia, and Chile, being one of the very few companies in the world involved in both high-quality Lithium mines and salt lake brine mineral resources.
Express News | Daiwa Capital Markets: Lithium prices may further decline in the first half of 2025.
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