Lithium battery stocks continued their upward momentum. As of press time, GANFENGLITHIUM (01772) rose 6.7% to HK$42.36; TIANQI LITHIUM (09696) gained 5.49% to HK$44.94; CATL (03750) increased 3.38% to HK$565.5; and CALB (03931) climbed 3.4% to HK$34.7.

On the news front, regarding the mineral type change and reserve verification work for 8 lithium mining companies in Yichun, Jiangxi Province, industry sources revealed that this week, Gotion High-tech's mineral type change and reserve verification report was approved by the Ministry of Natural Resources, with mineral processing tests, industrial demonstration, mining design, and ecological restoration plans all receiving approval. It was also disclosed that CATL submitted and passed the report alongside Gotion High-tech. Gotion High-tech confirmed the accuracy of this information, while CATL did not provide a direct response.

According to documents released by Yichun Natural Resources Bureau in July, mining companies still need to complete follow-up work including mining permit mineral type changes, mining rights transfer benefit collection, and dynamic management of mine reserves.

Meanwhile, domestic demand for energy storage battery cells remains extremely strong. Leading battery companies have indicated their factories are operating at full capacity, with some orders already scheduled into early next year. Additionally, according to the Special Action Plan's targets, China's new energy storage installed capacity will reach over 180 GW by 2027, driving approximately 250 billion yuan in new project investments.

CITIC Securities issued a research report stating it continues to be optimistic about the rising prosperity of the energy storage and lithium battery sectors.