2 1 Shi Ji Jing Ji Bao Dao·2025-11-13 09:36Core Viewpoint - The A-share market experienced a significant rally on November 13, with major indices closing higher, and the Shanghai Composite Index reaching a ten-year high, driven by a surge in the lithium battery industry chain [2] Industry Summary - The lithium battery sector saw widespread gains, with stocks such as Fuzhi Co. achieving six consecutive trading limits, and Tianhong Lithium's stock rising nearly 30%. Other companies like Fuxiang Pharmaceutical, Kangpeng Technology, Haike Xinyuan, Huasheng Lithium, and Taihe Technology also hit the 20% daily limit [2] - Over 20 stocks, including Duofluoride, Yongxing Materials, and Shengxin Lithium Energy, reached their daily limit [2] Policy and Market Outlook - The National Energy Administration released guidelines to promote the integrated development of renewable energy, emphasizing the optimization of energy source structures and storage configurations in "Shagohuang" renewable energy bases. It also encourages the integrated use of renewable energy and storage in grid dispatch [2] - According to Xinda Securities, the energy storage sector is expected to drive a new lithium battery cycle, with a potential for a strong demand in Q1 2026. Historical large-scale lithium cycles have been primarily driven by demand cycles, with the upcoming period from 2025 to 2027 anticipated to be driven by global energy transition and energy storage policies, projecting a 50% growth in energy storage demand by 2026 [2]