Hong Kong stock concept tracking | Lithium carbonate breaks through 80,000 yuan/ton strongly, lithium mining sector continues to rise (with concept stocks)

On November 11, lithium carbonate futures quickly rose, rejoining the 80,000 yuan/ton mark. As of the closing, the main LC2501 contract closed at 80,950 yuan/ton, up 4.32%. At the same time, trading volume and open interest also significantly increased, with a daily increase of 60,300 lots in the lithium carbonate weighted index, reaching a historical high. Analyst Yu Shuo from Chuangyuan Futures believes that lithium carbonate futures breaking through the 80,000 yuan/ton mark is influenced by multiple positive factors. On the one hand, macro policies have driven battery terminal consumption beyond expectations. On the other hand, the results of the U.S. election have been announced, and subsequent tariffs may increase. Domestic battery factories are increasing production to grab exports, and with the early arrival of the Spring Festival next year, companies are stocking up early, maintaining strong demand. Li Suheng, a researcher at CITIC Futures, believes that the rise in lithium carbonate prices yesterday was due to factors such as better-than-expected demand performance in November and some overseas mining companies lowering future production guidance, promoting positive sentiment. Recent financial reports from mainstream Australian mines show that the market has adjusted its supply and demand outlook for 2025, with some lithium mine production guidance being lowered and production cuts expanded. Liu Qiyue, an analyst at Xingye Futures, stated that the main reason for the strong rise in lithium carbonate futures yesterday was the continued strong demand momentum. From the downstream production and procurement situation, the overall performance has exceeded market expectations, with no apparent turnaround in battery production, and no significant decline in lithium salt purchases. Mysteel analyst Li Pan also believes that the circulating supply in November is tight, and next year's long-term contract discounts have not yet been finalized. Most lithium salt factories have a strong willingness to support prices. With good downstream demand in November, it is estimated that lithium salt prices will operate on the strong side in the short term, and attention should be paid to changes in the ratio of downstream supply and demand. Companies in the lithium mining sector: Tianqi Lithium Corporation (09696), Ganfeng Lithium Group (01772)