Core Viewpoint - Lithium stocks experienced a significant afternoon rally, driven by rising lithium carbonate futures and strong demand in both the electric vehicle and energy storage markets [1] Industry Summary - As of October 23, lithium carbonate futures saw an increase of over 3%, currently priced at 79,400 yuan/ton [1] - Supply-side developments include new production lines coming online for both spodumene and salt lake lithium, indicating potential growth in total lithium carbonate production for October [1] - The demand side is characterized by rapid growth in both commercial and passenger electric vehicles, alongside a robust energy storage market [1] Company Summary - Ganfeng Lithium (01772) shares rose by 4.8%, reaching 44.56 HKD, while Tianqi Lithium (09696) shares increased by 3.17%, priced at 43.66 HKD [1] - Recent futures market rebounds are attributed to news-driven fluctuations and consumer support, with total inventory decreasing and warehouse receipts being canceled [1] - Current market conditions show a favorable short-term supply-demand balance, with ongoing inventory reduction providing support for price stability [1]