HK Stock Market Move | Lithium mining stocks rose during trading, with Ganfeng Lithium Group (01772) surging over 4% and Tianqi Lithium Corporation (09696) rising over 3%.

Lithium mining stocks rose during the trading day. As of the time of writing, Ganfeng Lithium Group (01772) increased by 4.19% to 78.3 Hong Kong dollars; Tianqi Lithium Corporation (09696) rose by 3.42% to 58.95 Hong Kong dollars. On the news front, China Securities Co., Ltd. research report pointed out that the export recovery in Zimbabwe has not yet materialized. Assuming it resumes shipment at the end of April, it will take a long time to transport lithium salt back to domestic lithium factories, which will still have an impact on the supply of raw materials in China from May to June. Meanwhile, the lack of oil in Australia has affected the operating level of mining companies, and supply disruptions in the second quarter are still significant, making it difficult to alleviate raw material shortages. On the consumption side, downstream production expectations are increasing month by month, with high growth in energy storage and new energy vehicle exports. In the current context of low inventory, weak supply, and strong consumption, lithium prices are expected to continue to strengthen. Data shows that as of April 23, four companies in the lithium mining sector have disclosed first-quarter performance forecasts for 2026, two have reported their first-quarter results, and one has disclosed an interim performance report. These seven companies have seen significant improvements in their first-quarter performance compared to the same period last year, indicating a notable recovery in the industry. Tianqi Lithium Corporation expects a net profit attributable to shareholders of 1.7 billion to 2.0 billion yuan in the first quarter, a year-on-year increase of 1530% to 1818%. Ganfeng Lithium Group, on the other hand, expects to achieve a net profit of 1.6 billion to 2.1 billion yuan in the first quarter.