Guotai Junan: The market's medium- to long-term expectations for lithium demand are gradually becoming optimistic.

Jinshi Data December 12th, Guotai Junan expects that in 2025, the colored zone will express that in the lithium field, the current market is expected to gradually slow down the “clearance” of low prices, and the dominant power of price expectations will be more controlled by downstream demand. Under the reality of strong demand, the market is gradually optimistic about the future medium and long-term demand expectations; stock prices usually lead commodity price movements, and if there are signs of unexpected demand in the future, it will trigger greater elasticity in stock prices. Companies that have their own mines and have significant growth expectations in the future can not only rely on their own mines to achieve cost advantages, but also have the potential to release stronger elasticity in the next demand cycle.