中国锂行业-因储能需求强劲，上调中国锂企目标价-Raise price targets for China Lithium companies due to strong BESS demand

12 December 2025 ab Global Research China Lithium Raise price targets for China Lithium companies due to strong BESS demand We raise our lithium price assumptions Along with UBS's Global Basic Materials team, we raise our estimates for China lithium carbonate average spot prices (including VAT) 35%/122%/100% to Rmb135k/200k/180k/t in 2026/27/28. We are now 56%/79%/52% above consensus. Our optimistic view is driven by higher demand growth driven by Battery Energy Storage Systems (BESS) in China and ex China ...