HK Stock Market Move | Ganfeng Lithium Group (01772) and Tianqi Lithium Corporation (09696) both rose more than 4% against the market trend.

Lithium stocks rise against the market. As of the time of writing, Tianqi Lithium Corporation (09696) rose by 3.14% to 26.25 Hong Kong dollars, and Ganfeng Lithium Group (01772) rose by 2.76% to 24.2 Hong Kong dollars. In terms of news, GGII released a report stating that it is expected that the compound growth rate of data center energy storage lithium batteries will exceed 80% in the next five years. In addition, the lithium battery industry is experiencing a wave of capacity expansion, with several companies in the lithium battery industry chain announcing capacity expansions since February. Industry insiders have stated that since the beginning of this year, the domestic lithium battery production has shown signs of warming up. Xiangcai Securities also pointed out that the bidding for energy storage procurement is still hot in 2025, and the demand for energy storage is still in good shape. Mineral Securities stated that after the holiday, lithium salt factories have successively resumed production, and the supply from leading companies has recovered, with overall production growth rate being relatively fast. At the same time, due to the fact that most overseas mainstream lithium mines adopt long-term supply agreements, the majority of lithium ore in the market comes from regions like Zimbabwe and Nigeria. Additionally, recent shipping disruptions in Africa have caused lithium ore prices to be relatively lower than salt factories. Currently, due to high hedging positions at the end of 2024, lithium salt factories still have acceptable levels of ore price acceptance. If there are no unexpected increases in demand in the future, it will be difficult for ore prices to continue to remain high.