HK Stock Market Move | Lithium carbonate futures break through the 110,000 mark. Ganfeng Lithium Group (01772) and Tianqi Lithium Corporation (09696) both rose by over 3% in the afternoon.

Lithium stocks rose in the afternoon. As of press time, Ganfeng Lithium Group (01772) rose by 2.76% to 52.1 Hong Kong dollars, and Tianqi Lithium Corporation (09696) rose by 2.21% to 50 Hong Kong dollars. On the news front, the main contract for lithium carbonate on the Guangqi Exchange rose sharply in the afternoon, up over 4% to 111,840 yuan/ton. Huatai Futures believes that the uncertainty on the supply side is still one of the key factors supporting the relatively strong prices. Overall, in the short term, there is a high probability of maintaining high levels of volatility, focusing on the pace of capacity release and fund trends, and being vigilant of fluctuations caused by changes in supply and demand margins.