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GANFENGLITHIUM: Lithium Industry Has Bottomed Out Amid Upcycle
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He Jiayan, Vice President of GANFENGLITHIUM (01772.HK), stated that the lithium industry is amid an upcycle and has already bottomed out, Chinese media reported. Due to the capital investment cycle, additional supply from large projects will be limited next year, He said. Demand from automakers is advancing, and the development of energy storage system (ESS) has also exceled expectations; moreover, applications in robotics and computing fields are growing. The Vice President remarked that the market should not overly focus on short-term price fluctuations. AASTOCKS Financial News Website: www.aastocks.com |
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