On November 17, the main contract of lithium carbonate futures rose and stopped, closing at 95200 yuan/ton, a new high since July 2024. Benefiting from the sustained rise in the price of lithium carbonate, A-share energy metals, batteries and other sectors rose significantly, and the concept of lithium ore rose sharply across the board. Since mid-October, the price of lithium carbonate has fluctuated upward, with a cumulative increase of nearly 30%. Li Liangbin, chairman
of Ganfeng Lithium Industry, predicts that the demand for lithium carbonate will increase by 30% to 1.9 million tons in 2026. If the demand growth rate exceeds 30% or even 40% next year, the price of lithium carbonate may exceed 150000 yuan/ton or even 200000 yuan/ton if the supply can not be balanced in the short term.
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