Chinese majors Tianqi Lithium Corp. and Ganfeng Lithium Group reported their biggest profits in three years for the first six months of 2026. U.S. Albemarle stated global lithium demand rose 45% year over year through May, largely due to robust battery storage demand. Some miners are planning production ramp-ups and capacity expansion, with Tianqi Lithium officials suggesting further upside potential for lithium prices.