Recently, the lithium carbonate market has seen a steady rise, Shanghai Steel Union data show that the average price of lithium carbonate rose to 74,000 yuan per ton on November 1, up 1,000 yuan from the previous day. This trend is mainly due to the downstream purchasing willingness to strengthen, as well as the head of the battery enterprise order saturation and material production stability. CITIC Securities research report pointed out that 24Q2 lithium prices rebounded, promoting overseas lithium supply rebound, South American salt lake lithium extraction enterprise production year-on-year growth. Although the domestic lithium carbonate futures prices fell below 70,000 yuan / ton in September, but lithium salt inventory is expected to inflection point is coming, lithium prices downward space is limited. As lithium prices fell to a low level, the market bottoming out of the lithium industry is expected to enhance the lithium industry stock attention is expected to improve.

In the relevant listed companies, Tibet city investment in the development of Tibet Ali Longmu wrong and Jiezhe Chaqa two salt lakes with rich lithium carbonate reserves, a total of 3.9 million tons, at the forefront. China Mineral Resources owns 100% interest in Bikita mine in Zimbabwe and Tanco mine in Canada, and has built 4.18 million tons/year of mining production line, which can fully satisfy the self-sufficiency of raw materials for lithium salt production line. The resource reserves and production capacity of these companies provide a solid foundation for the stable development of the lithium industry.