Ganfeng Lithium's stock price soared by 5.80% intraday on Thursday, reflecting significant positive investor sentiment.

The surge appears driven by comments from the company's annual results briefing, where management indicated that the overall lithium industry supply-demand relationship remains tight, with the supply side facing multiple challenges. Full-year lithium supply-demand is expected to stay in a tight balance, supporting pricing stability.

Furthermore, the company disclosed that its battery cell capacity utilization rate is running at a high level, and energy storage battery shipment volume is expected to maintain rapid growth in the coming year. This robust growth guidance for the downstream battery business has bolstered confidence in the company's near-term earnings trajectory.