HK Stock Market Move | Lithium stocks strengthened during the trading day, with Ganfeng Lithium Group (01772)rising more than 8%. UBS significantly raised its forecast for domestic lithium prices.

Lithium stocks surged during the trading session. As of the time of writing, Ganfeng Lithium Group (01772) rose by 8.56% to 66.5 Hong Kong dollars, while Tianqi Lithium Corporation (09696) rose by 3.17% to 45.5 Hong Kong dollars. On the news front, the latest research report by UBS pointed out that the bank is bullish on "China Lithium", significantly raising the price forecast for lithium spodumene and lithium carbonate, and indicating that the market has entered the third super cycle of lithium prices. UBS believes that the gradual implementation of the "triple balance" of electric vehicles and the global outbreak of energy storage demand will drive continuous growth in lithium demand. They also mentioned Tianqi Lithium Corporation, Ganfeng Lithium Group, and the three Chinese lithium companies of China Lithium Salt Lake, and raised expectations for these related companies. It is worth mentioning that based on the performance forecasts or interim reports for 2025 disclosed by several listed lithium battery companies, the entire lithium battery industry chain is experiencing a recovery in performance realization. DBS stated that Ganfeng Lithium Group expects the net profit for 2025 to be between 1.1 billion and 1.65 billion yuan. The bank expects that before obtaining the mining license for the lithium mine in Jiangxi, lithium prices will remain high, and believes that the profitability of the lithium industry will rebound in 2026.