Tianqi Lithium (09696) rose more than 5% before noon. As of writing, the stock was up 4.87% to HK$52.8, with a turnover of HK$229 million. On the news front, according to a futures daily report, recent market rumors suggest that Zimbabwe's lithium ore exports have shown signs of easing, with several Chinese companies having already obtained export qualifications. Specific quotas are expected to be announced soon. Some companies confirmed the situation, though the exact quotas allocated to each firm remain pending further verification. Morgan Stanley released a research report, revising down its 2026 lithium supply forecast to approximately 400,000 tons, compared to an earlier projection of around 500,000 tons at the beginning of the year. The institution anticipates that market supply will tighten further during the peak season from May to August, with shortages expected to emerge starting in September. Overall, Morgan Stanley predicts an upward trend in lithium prices in the second half of 2026, noting that demand elasticity will become apparent when prices exceed 250,000 yuan per ton.