Lithium companies climb on 2026 demand growth forecast
Shares of lithium companies climb in afternoon trade
Ganfeng Lithium Group Co's 002460.SZ chairman forecast demand growth of 30% or even 40% for the battery metal in 2026
The most-traded lithium carbonate contract on the Guangzhou Futures Exchange rose 9% to close to an upper limit at 95,200 yuan ($13,395.62) per metric ton, its highest since June 2024
Albemarle ALB.N climbs 8.5% to $124.92, highest in over 15 months
U.S.-listed shares of Chile's SQM SQMA.SN, SQM.N were up 12.6%
Sigma Lithium SGML.O jumps nearly 32%
Shares of Lithium Americas LAC.N and Standard Lithium SLI.N were up 8.3% and 10%, respectively
Ganfeng chairman also said demand growth could drive the lithium carbonate price above 150,000 yuan a ton, or even to 200,000 yuan
($1 = 7.1068 Chinese yuan)
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