Group 1 - Lithium mining stocks experienced a rise, with Tianqi Lithium Industries up 5.5% and Ganfeng Lithium up 4.3% [1] - On November 20, lithium carbonate futures saw a significant increase, reaching a peak of 100,000 yuan per ton, marking a rebound of over 70% from the year's low of 58,400 yuan per ton [1] - Ganfeng Lithium's chairman predicted that by 2026, lithium carbonate demand will grow by 30% to reach 1.9 million tons, with potential price increases if demand growth exceeds 30% [1] Group 2 - According to CITIC Construction Investment, November's lithium carbonate supply was approximately 115,000 tons, while demand was 128,000 tons, resulting in a shortage of about 13,000 tons [2] - The market is transitioning from supply pressure to demand-driven dynamics, with sustained order support expected to continue into next year [2] - Long-term forecasts indicate that by 2026, global lithium resource supply will reach 2.089 million tons, with consumption at 2.004 million tons, leading to a structural shortage in the lithium market [2]