Xin Lang Cai Jing·2025-11-10 04:28Core Viewpoint - Analysts from Citigroup, including Jack Shang, express strong confidence in robust battery demand in the coming years, predicting a 31% year-on-year growth in battery demand by 2026 [1] Group 1: Battery Demand and Market Trends - Battery demand is expected to grow significantly, with a forecasted increase of 31% by 2026 [1] - The resumption of production at the Jangxiawo mine is unlikely to alter the current destocking trend, with lithium inventories projected to decrease by approximately 15,000 tons by November 2025 [1] Group 2: Company Insights - Ganfeng Lithium is viewed positively due to its higher potential for excess returns, with the future Goulamina project expected to enhance its cost competitiveness [1] - The performance of Ganfeng Lithium's battery business is showing improvement [1]