华泰证券：锂下游需求强劲 短期价格或延续强势

Group 1 - The core viewpoint of the article is that lithium carbonate prices are rebounding due to a sustained recovery in downstream demand, driven by factors such as the election of Donald Trump and subsidies for trade-in policies [1] - Huatai Securities indicates that the recent market sentiment has improved primarily because the demand for lithium batteries during the off-season has exceeded market expectations, leading to a short-term supply-demand mismatch [1] - The current surge in demand is likely to continue until the end of the year, which may further push lithium prices upward [1] Group 2 - However, in the long term, Huatai Securities projects that the global static supply-demand balance for lithium carbonate from 2024 to 2026 will still be in surplus, suggesting that lithium prices may continue to fluctuate and seek a bottom in 2025 [1] - The turning point for the lithium industry is expected to arrive in 2026, indicating a potential shift in market dynamics [1]