Changes in Hong Kong stocks | Lithium carbonate futures fell to a standstill at the end of the session, Tianqi Lithium (09696) and Ganfeng Lithium (01772) both fell by more than 3%

The Zhitong Finance App learned that lithium stocks were lower. As of press release, Tianqi Lithium (09696) fell 3.51% to HK$50.85; Ganfeng Lithium (01772) fell 3.03% to HK$54.35.

According to the news, on the afternoon of December 29, Guangji Institute's main lithium carbonate contract continued to decline, falling to a standstill at the end of the session. According to reports, on December 28, the Ningde Era Supplier Conference was held in Ningde, Fujian. According to the Ningde Times, sodium batteries will be applied on a large scale in fields such as power exchange, passenger cars, commercial vehicles, and energy storage in 2026, which is expected to form a new trend of “sodium-lithium double stars shine.”

Also, according to Interface News, I learned from people close to the Ningde Era that Yichun Shidai New Energy Mining Co., Ltd.'s Zhenkouli-Fengxin County Jianxiawo lithium mine project is expected to resume production around the Spring Festival. According to the Yamato Research Report, although the market already anticipates that lithium production capacity will rise next year during the Ningde era, it is estimated that current lithium futures prices only reflect the short-term improvement in the balance between supply and demand. Considering the increase in lithium supply in the first half of next year and the quarterly decline in demand in the first quarter, the bank believes it will be difficult for lithium prices to rise further early next year.