Lithium Division: Lithium companies' third quarter performance rebounds, market optimistic about future lithium price expectations.

According to the Wisdom Financial APP, on December 23, the Lithium Branch of the China Nonferrous Metals Industry Association released the operating situation of the lithium industry in November 2025. It pointed out that in November 2025, the price of lithium carbonate futures gradually increased, and the volatility gradually increased. The third-quarter performance of lithium enterprises rebounded, and the market was optimistic about the future lithium price expectations. On the supply side, market inventory is gradually accelerating, news of Ningde Times' lithium mine still causing disturbances, lithium salt production slightly decreasing, lithium spodumene production slightly increasing, and lithium mica production slightly decreasing. On the demand side, new energy vehicles are rushing to sell before the subsidy reduction, and energy storage performance is impressive.