Stock Track | CALB Soars 6.51% as Lithium Battery Stocks Rally on Surging Raw Material Prices

Stock Track
Nov 05

CALB (03931), a leading lithium battery manufacturer, saw its stock price soar by 6.51% in intraday trading on Wednesday. The significant uptick comes amid a broader rally in lithium battery stocks, reflecting growing investor confidence in the sector.

The surge in CALB's stock price is part of a larger trend observed in the lithium battery industry. Other major players in the sector also experienced substantial gains, with TIANQI LITHIUM (09696) climbing 5.63%, ZENERGY (03677) rising 3.91%, and GANFENGLITHIUM (01772) advancing 3.03%. This collective upward movement suggests a positive sentiment towards the entire lithium battery supply chain.

A key driver behind this rally is the sharp increase in raw material prices, particularly lithium hexafluorophosphate. Market sources report that the price of this crucial battery component has nearly doubled since early October, reaching RMB 117,000 per ton on November 3. Industry analysts suggest that this price surge could signal an easing of supply-demand imbalances for certain lithium battery materials, potentially heralding a new pricing cycle. With companies reporting strong order volumes and robust demand, investors appear optimistic about the sector's near-term prospects, contributing to CALB's impressive stock performance.

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