The demand for energy storage continues to be released, and the "increase in both volume and price" of lithium carbonate is expected to continue

Ganfeng Lithium increased by 364.02% year-on-year, Yahua Group increased by 278.06% year-on-year, and Qinghai Yanhu Industry increased by 113.97% year-on-year... Looking at the third quarter net profit growth data of lithium mining companies in the A-share market, the lithium carbonate industry may have survived the "cold winter." "First, the industry's 'anti-involution' led to a rise in futures prices, and then the actual demand brought about by the energy storage industry has allowed us to catch our breath," said an executive from a lithium salt company in the A-share market. Regarding the collective explosion of third-quarter performance among industry companies, this person believes that the demand for energy storage has played a significant role, and currently, based on energy storage production scheduling, the demand for lithium carbonate will continue to grow in the near future. (Shanghai Securities Journal)