HK Stock Market Move | Lithium stocks rise in early trading, lithium carbonate market supply and demand improves, solid-state batteries continue to catalyze.

Lithium stocks rose in early trading. As of the time of publication, Ganfeng Lithium Group (01772) rose 3.85% to 24.25 Hong Kong dollars; Tianqi Lithium Corporation (09696) rose 3.33% to 27.95 Hong Kong dollars. In terms of news, on November 19, the lithium carbonate futures contract 2501 rose over 2% to 81,250 yuan per ton; in terms of spot prices, Shanghai Ganglian E-Commerce Holdings released data showing that today the price of battery-grade lithium carbonate rose by 1,000 yuan compared to the previous day, with an average price of 79,200 yuan per ton. Haitong pointed out that the suspension of production in Australian lithium spodumene mines is a sign of industry supply clearing. The bank believes that with the current low lithium prices, industry capital expenditure is scarce, and high-cost lithium resources will continue to reduce production and suspend production. With the improvement in the outlook for the downstream new energy vehicles and lithium batteries industry, the prices of lithium mines and lithium salts are expected to rise from the bottom. China Post Securities stated that the current lithium carbonate market supply and demand have improved during the peak demand season. CITIC SEC stated that recent advancements in the solid-state battery sector led by vehicle manufacturers are expected to catalyze the industry once more. The aviation sector is gradually becoming an important application field for solid-state batteries, and lithium battery equipment manufacturers are expected to explore a second growth curve in the field of solid-state batteries. Companies involved in solid-state battery business, solid-state electrolyte companies, and related companies in the solid-state battery industry chain are expected to benefit fully.