Hong Kong Stock Market Movement | Lithium industry stocks strengthen during trading hours Ganfeng Lithium (01772) rose over 8% UBS significantly raises domestic lithium price forecasts

2026-02-23 08:48:20

Tongtong Finance APP has learned that lithium stocks are strengthening during trading hours. As of the latest report, Ganfeng Lithium (01772) rose 8.56% to HKD 66.5; Tianqi Lithium (09696) increased 3.17% to HKD 45.5.

On the news front, UBS’s latest research report states that the bank is clearly optimistic about “Chinese lithium,” significantly raising price forecasts for spodumene and lithium carbonate, and explicitly stating that the market has entered the third supercycle of lithium prices. UBS believes that the gradual implementation of the “threefold balance” in electric vehicles and the global explosion in energy storage demand will drive continuous growth in lithium demand. The report also highlights Tianqi Lithium, Ganfeng Lithium, and China Salt Lake, raising expectations for these Chinese lithium companies.

It is worth noting that, based on the 2025 performance forecasts or earnings reports disclosed by multiple listed lithium battery companies, the entire lithium battery industry chain is experiencing a recovery and is beginning to realize performance. DBS states that Ganfeng Lithium expects its net profit for 2025 to be between 1.1 billion and 1.65 billion yuan. The bank anticipates that, before obtaining mining permits for lithium in Jiangxi, lithium prices will remain high, and believes that the profitability of the lithium industry will bottom out and rebound in 2026.

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