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GANFENGLITHIUM: Lithium Price More Rattled; Future Price Trend Unpredictable
2026-11-11 14:17:38 GANFENGLITHIUM (01772.HK) President Assistant Roy Zhang said lithium prices have become increasingly difficult to predict after experiencing roller-coaster volatility this year, as market fluctuations have become more extreme and price cycles shorter. He added that lithium prices have already gone through a complete price cycle since the beginning of this year, which is uncommon, and believes no one can clearly predict lithium price trends over the next six to 12 months. Since the beginning of this year, market volatility has intensified due to supply uncertainties at major production hubs and changes in demand structure. In addition to electric vehicles, large batteries used in energy storage systems have become an important source of consumption. Amid growing concerns over the demand outlook, China's spot lithium carbonate prices have continued to decline in recent weeks, falling 23% since the beginning of the year to RMB91,500 per tonne. He said lithium demand grew 40% this year, while supply also caught up rapidly, describing the situation as "quite astonishing". However, the balance between supply and demand remains highly delicate, and even minor disruptions in the supply chain could quickly reshape the market landscape. ~ AASTOCKS Financial News Website: www.aastocks.com | |