UBS sings the praises of "Chinese lithium" and raises its lithium price forecast.

In early February and during the Spring Festival holiday, the global top research institution UBS successively released reports, firmly bullish on "China's lithium". Not only did they significantly raise their forecasts for spodumene and lithium carbonate prices, but they also clearly stated that the market has entered the third lithium price super cycle. The report pointed out that the gradual implementation of the "triple balance" of electric vehicles and the global explosion of energy storage demand will continue to drive lithium demand growth. It also emphasized Tianqi Lithium, Ganfeng Lithium, and China Salt Lake, three Chinese lithium companies, and raised their related company expectations. However, industry insiders suggest that UBS's judgment on the market's supply release capacity is relatively conservative, and they may be overestimating the explosiveness of energy storage battery demand.