HK Stock Market Move | Lithium stocks rise against market trends, institutions say lithium salt has entered a destocking phase, and the industry is expected to see a turning point in profitability.

Lithium stocks rose against the market trend. As of the time of publication, Ganfeng Lithium Group (01772) rose by 4.05% to HK$49.86; HONBRIDGE (08137) rose by 3.23% to HK$0.48; Tianqi Lithium Corporation (09696) rose by 2.61% to HK$48.02; Contemporary Amperex Technology (03750) rose by 1.79% to HK$499.2. Huayuan Securities released a research report stating that after entering December, the downstream of the lithium battery industry will enter the off-season. Combined with the expectation of the resumption of production at the spodumene mine, the short-term supply and demand contradiction of lithium carbonate may ease, and lithium prices may face pressure to adjust in the short term. Looking ahead to next year, with the lithium demand growth exceeding expectations, the lithium salt entering destocking cycle, the supply and demand of lithium carbonate experiencing a reversal, lithium prices are expected to enter an upward cycle driven by demand, and companies in the lithium industry may reach a turning point in profitability.