Lithium mining stocks climbed in early trading. At the time of writing, Ganfeng Lithium Group Co., Ltd. (01772) was up 3.78%, trading at HK$64.6, while Tianqi Lithium Corporation (09696) rose 3.58%, reaching HK$56.35. Following a limit-up surge yesterday, lithium carbonate futures extended their gains this morning, briefly rising over 6%. By the time of writing, the main contract for lithium carbonate futures was up more than 5%, reaching 164,380 yuan per tonne. Huatai Futures analysts believe the previous day's limit-up rally was primarily driven by supply-side disruptions in the lithium ore market. Market expectations for the resumption of production at lepidolite mines in Yichun have been further delayed, with the impact spreading to other local producers. Furthermore, on the demand side, enthusiasm among downstream companies to accelerate exports, spurred by adjustments to export tax rebate policies, continues unabated. The combined forces from both the supply and demand fundamentals are collectively driving the price increase.