Lithium mining companies' Q3 earnings delivered, with demand blossoming across multiple sectors to open up incremental growth space.

As of October 26, a number of listed lithium mining companies had disclosed their third-quarter reports. In the first three quarters of this year, benefiting from continued recovery in downstream demand, lithium salt market prices rose significantly year on year, driving a sharp increase in lithium companies' performance. The year-on-year growth rates of net profit attributable to parent company shareholders for the two leading companies Ganfeng Lithium and Tianqi Lithium were 19,540.50% and 3,013.86%, respectively. At the same time, the reporter noted that the National Social Security Fund newly entered the list of the top ten tradable shareholders of some lithium mining companies. A relevant company executive said that lithium demand is shifting from being driven solely by the electric vehicle market to being driven by both the "electric vehicle + energy storage" markets; at the same time, emerging applications such as robots and the low-altitude economy are gradually opening up incremental space.