Strong growth in energy storage demand is driving a shift, with analysts suggesting that the lithium carbonate industry's turnaround cycle may arrive sooner than expected.

① According to the UNCTAD's June Global Trade Update, global lithium demand is projected to grow by 353% and graphite demand by 131% between 2024 and 2040. ② Shenwan Hongyuan notes that, driven by surging demand for energy storage, the turnaround cycle in the lithium carbonate industry is arriving earlier than expected.

cls.cn19:50 ET

SZSE: Adjusts constituent stocks of the SZSE Component Index, ChiNext Index, SZSE 100 Index, ChiNext 50 Index, and other indices

The Shenzhen Stock Exchange has adjusted the constituent stocks of the SZSE Component Index, ChiNext Index, SZSE 100 Index, and ChiNext 50 Index.

Zhitong FinanceMay 29 07:23 ET

Divergence in Lithium Battery Performance: Profit Growth of Over Tenfold for Multiple Upstream Material Manufacturers, but Energy Storage Leader Admits Gradual Decline in Gross Margin is the Norm

①The year-on-year growth of the attributable net profit of multiple leading enterprises in the upstream sector has exceeded tenfold, whereas several second-tier power battery enterprises and energy storage segment companies have experienced a decline in gross margins; ②The rise in lithium carbonate prices has put pressure on the gross margin of energy storage systems. Enterprises have stated that they have established a price linkage mechanism with downstream end customers to share the cost pressure from rising raw material prices; ③Analysts believe that after lithium prices stabilize, the profit elasticity of upstream companies will narrow, creating cost relief for midstream manufacturers.

cls.cnApr 29 07:14 ET

Stock movements in the Hong Kong market | Lithium battery-related stocks showed strong performance, with multiple companies releasing impressive quarterly reports. Industry production is expected to continue rising in May.

Lithium battery-related stocks performed strongly. As of press time, Longpan Technology (02465) surged 18.49%, trading at HKD 21.7; Ruipu Lanjin (00666) rose 16.73%, trading at HKD 17.16.

Zhitong FinanceApr 29 02:33 ET

Tianhua New Energy: First Quarter Report for 2026

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ReutersApr 23 06:29 ET