HK Stock Market Move | Lithium carbonate supply disturbances are frequent. Ganfeng Lithium Group (01772) rose more than 7%. Tianqi Lithium Corporation (09696) rose more than 5%.

The two giants in the lithium mining industry collectively saw gains. As of the time of the report, Ganfeng Lithium Group (01772) rose by 6.82% to HK$83.8, while Tianqi Lithium Corporation (09696) rose by 5.01% to HK$56.55. In terms of news, according to CCTV news, a refinery in Geelong, Victoria, Australia caught fire late on the 15th. As of the morning of the 16th, the fire is still burning. There have been no reports of casualties. The refinery on fire is one of the only two domestic refineries in Australia. China Jin Wealth Futures analysis suggests that based on the previous speculation on lithium carbonate, this event could potentially stimulate a significant increase in lithium prices. However, the current position of lithium prices is already high, and the market cannot rule out speculation. There is a high risk of chasing highs, so caution is advised. Huatai Futures points out that Chinese companies in Zimbabwe have obtained export qualifications. The expectation of increased export of lithium ore from Zimbabwe in the short term has boosted sentiment. Most companies have continued production during the export ban process and may accelerate the release of inventory to the market once exports are allowed. In the long term, the construction cycle for lithium hydroxide factories is long, and there are still disturbances in the supply side. In addition, Yichun Fourth Mine has published a mining rights income assessment report, and from May onwards, it may enter a phase of reapplying for environmental assessments and halting production. If the halt in production continues, the supply of lithium ore in Yichun may be affected.