Ganfeng Chairman's Forecast Sparks Lithium Price Surge in China
2025-11-18 11:30:00 ET
China’s lithium market strengthened sharply on Monday (November 17) after Ganfeng Lithium (OTC Pink:GNENF,HKEX:1772) Chairman Li Liangbin said at a domestic industry conference that demand for the key battery metal could grow by as much as 40 percent in 2026.
The most-traded lithium carbonate contract on the Guangzhou Futures Exchange rose 9 percent that day and moved near its upper limit, marking its strongest close since June 2024.
Li’s comments, first reported by financial news outlet Cailian and later shared by Reuters , also included a projection that lithium carbonate prices could even reach 200,000 yuan if demand accelerates as expected.
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Ganfeng Chairman’s Forecast Sparks Lithium Price Surge in China
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