As of October 26, several listed lithium mining companies have disclosed their third-quarter reports
As of October 26, several listed lithium mining companies have disclosed their third-quarter reports, showing substantial performance growth due to the sustained recovery in downstream demand and a significant increase in lithium salt market prices. Among them, the net profit attributable to shareholders for industry leaders Ganfeng Lithium and Tianqi Lithium surged by 19540.50% and 3013.86% year-on-year, respectively. Additionally, the National Council for Social Security Fund (NCSSF) has become a new top ten circulating shareholder in some lithium mining companies. A relevant executive from one company stated that lithium demand is shifting from a single driver in the electric vehicle market to a dual-wheel drive from "electric vehicles + energy storage" markets. Concurrently, emerging applications such as robotics and the low-altitude economy are gradually opening up incremental space. (China Securities Journal)
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