Core Viewpoint - Bank of America Securities reports that the suspension of production at CATL's (03750) Yichun lithium mine due to the expiration of its mining license will lead to reduced supply, prompting upgrades for Ganfeng Lithium (01772) and Tianqi Lithium (09696) to "Buy" with significantly raised target prices [1] Group 1: Supply and Demand Dynamics - CATL's Yichun lithium mine has suspended production since August 10 due to the expiration of its mining license, with local government requiring resource verification reports from eight lithium mines [1] - Stricter inspections may lead to further supply interruptions, potentially reducing monthly lithium carbonate equivalent (LCE) inventory by 5,000 to 10,000 tons [1] - The combination of reduced supply from CATL and seasonal demand may lower year-end inventory to approximately 100,000 to 110,000 tons [1] Group 2: Company Ratings and Target Prices - Ganfeng Lithium's rating has been upgraded from "Underperform" to "Buy," with the target price increased from HKD 17 to HKD 35 [1] - Tianqi Lithium's rating has also been upgraded from "Underperform" to "Buy," with the target price raised from HKD 21 to HKD 50 [1]