HK Stock Market Move | Tianqi Lithium Corporation (09696) rose more than 5% in the morning. Morgan Stanley predicts that market supply will further tighten during the peak season.

Tianqi Lithium Corporation (09696) rose more than 5% in the morning, as of the time of writing, it was up 4.87% to HK$52.8, with a turnover of HK$2.29 billion. On the news front, according to Futures Daily, there have been rumors circulating in the market that the export of lithium mines in Zimbabwe has loosened, and several Chinese enterprises have already obtained export qualifications; specific quotas are expected to come out soon. Some companies have confirmed the situation, but the specific quotas obtained by each company still need further confirmation. Morgan Stanley released a research report, lowering its lithium supply expectation for 2026 to about 400,000 tons (compared to the initial expectation of about 500,000 tons). The bank predicts that the market supply will further tighten from May to August during the peak season, and shortages will start appearing from September. Overall, Morgan Stanley expects lithium prices to trend upwards in the second half of 2026, with demand elasticity showing when the price exceeds 250,000 yuan per ton.