HK Stock Market Move | Supply disturbances have pushed up lithium carbonate prices. Ganfeng Lithium Group (01772) rose nearly 4%, Tianqi Lithium Corporation (09696) rose over 3%.

Lithium mining stocks rose in the early morning session, as of press time, Ganfeng Lithium Group (01772) rose 3.78% to 64.6 Hong Kong dollars; Tianqi Lithium Corporation (09696) rose 3.58% to 56.35 Hong Kong dollars. On the news front, after hitting the limit up yesterday, lithium carbonate futures rose again by over 6% this morning. As of press time, the main lithium carbonate futures contract rose by over 5%, reaching 164380 yuan/ton. Huatai Futures believes that yesterday's limit up trend in lithium carbonate was mainly affected by expectations of supply disruptions on the lithium ore supply side, with the market delaying expectations of production resumption at the Yichun Lithium Mica Mine, affecting other local players. In addition, the enthusiasm of downstream companies to seize export opportunities due to adjustments in export tax rebate policies is still continuing. The combined efforts of supply and demand on the fundamentals have pushed prices higher.