At its 2026 second extraordinary shareholders’ meeting, Ganfeng Lithium said
recent lithium carbonate price swings reflect market noise rather than a change
in fundamentals — lithium-salt supply and demand remain in a tight balance.
June’s price drop was driven by seasonal spot weakness, amplified concerns over
hidden inventories and continued weakness in futures. The company said the
short-term dip should support downstream restocking ahead of the peak season.
Looking to H2 and next year, supply-side risk is elevated: two–three years of
depressed prices curtailed large-scale capex, and near-term new output largely
comes from earlier projects, keeping expansion measured. Demand remains
cautiously optimistic: storage and EV segments, supported by geopolitics and
high energy prices that raise the priority of energy independence and security,
should provide medium- to long-term support for lithium demand.
