HK Stock Market Move | Lithium stocks rose in the morning session, with Ganfeng Lithium Group (01772) increasing by over 5% and Tianqi Lithium Corporation (09696) increasing by over 4%.

The lithium industry stocks rose in the morning session, as of the time of writing, Ganfeng Lithium Group (01772) rose by 5.53% to HK$23.85, Tianqi Lithium Corporation (09696) rose by 4.31% to HK$26.6. CITIC SEC's recent research report pointed out that solid-state batteries are expected to expand the application scenarios of lithium batteries with their excellent performance. The bank predicts that the global shipment volume of solid-state batteries will exceed 600GWh by 2030. The application of sulfide solid electrolytes, metallic lithium anodes, and lithium-rich manganese-based cathode materials is expected to increase the lithium consumption of solid-state batteries to more than double that of existing batteries. It is estimated that by 2030, the global demand for lithium in the solid-state battery industry will exceed 550,000 tons of LCE, driving a 5% growth in global demand for lithium carbonate. Soochow previously stated that there is room for stocking up in the industry for the next 25 years, with actual growth expected to be close to 30%. The oversupply of supply is narrowing, and the lithium price center is expected to return to 8-8.5 yuan, but the actual reversal of the supply-demand pattern will take longer. Large-scale shutdowns of overseas lithium mines have improved the oversupply situation by 2025, indicating that lithium carbonate prices have bottomed out, and the center of lithium prices is expected to rise by 2025, showing optimism for leading companies with high-quality resources.