Ganfeng Lithium (01772) saw its stock rise by 4.8% to HKD 44.56, while Tianqi Lithium (09696) increased by 3.17% to HKD 43.66 as of the latest report. This afternoon, on October 23, the main contract for lithium carbonate futures surged over 3%, currently priced at 79,400 yuan per ton. According to SMM, on the supply side, new production lines are coming online for both spodumene and salt lake lithium, indicating a growth potential for the total lithium carbonate output in October. On the demand front, the electric vehicle market is experiencing rapid growth in both commercial and passenger vehicles, and the energy storage market shows robust supply and demand. Huatai Futures noted that the recent rebound in futures prices is mainly driven by news disturbances and consumption support. At present, total inventory is decreasing, and warehouse receipts are being canceled, while there are numerous disruptions due to delays in resuming production and news of shutdowns. The current consumption peak provides some support, and the short-term supply-demand landscape appears positive, contributing to continuous inventory reduction, thus offering some support for prices. The market is expected to see fluctuations in the short term.