Lithium carbonate futures rebounded by more than 15% from the bottom, and multiple lithium mining concept stocks attracted the attention of institutions.

On the morning of July 18, the main lithium carbonate futures contract opened high, with the highest intraday increase of 4.32%, and closed up 0.91% at midday. Lithium carbonate futures have been rebounding recently, with the latest price rising more than 15% from the lows earlier this year. In terms of spot prices, data from Wind shows that the price of 99.5% battery-grade lithium carbonate was quoted at 65,000 yuan/ton on July 17, up 8.52% from the low of 59,900 yuan/ton at the end of June. Several research reports by institutions believe that the lithium battery industry chain is at a historical low and is expected to see a turning point in the future. In the morning of July 18, A-share lithium mining concept stocks collectively rose. In terms of performance, 14 lithium mining concept stocks have already released performance forecasts for the first half of the year, with Tianqi Lithium, Wealthway Holdings forecasting a turnaround from losses to profits, and Tibet Summit, Keda Manufacturing, and Standard Lithium forecasting an increase in net profit attributable to shareholders on a year-on-year basis. Tibet City Investment and Ganfeng Lithium forecast a reduced loss, with a 50% rate of positive forecasts. Since the beginning of the year, several lithium mining concept stocks have received a lot of attention from institutions, with 6 stocks having been visited by over 100 institutions for research. Among them, Tibet Summit, Keda Manufacturing, and YAHUA Group have the highest number of institutional research visits, with 157, 134, and 129 respectively.