GreenergyDaily

Nov. 17, 2025

Lithium prices in China spiked on Monday after one of the country’s major producers gave a bullish forecast for the battery material.

The most-active lithium carbonate contract on the Guangzhou Futures Exchange surged 9%, closing limit-up at 95,200 yuan ($13,400) a ton, after Ganfeng Lithium Group Co.’s chairman, Li Liangbin, said on Sunday he expects demand to grow by 30% in 2026, local media Cailian reported.

Prices have risen in recent weeks, boosted by optimism over expanding requirements for large-scale battery storage.

If next year’s demand growth exceeds 30% or reaches 40%, prices could respond by rising to 150,000 yuan or even 200,000 yuan a ton, Li told an industry conference, according to Cailian. In that case, supply wouldn’t be able to keep up in the short term, despite the market’s surplus of about 200,000 tons this year, he said.

Ganfeng's shares closed up 7.5% in Shenzhen, while Tianqi Lithium Corp. climbed 9.9% and Sichuan Yahua Industrial Group Co. hit the 10% limit.