Aussie lithium miners climb after Ganfeng chairman forecasts soaring demand

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18/11/2025 01:06

** Australian lithium miners rise as prices of the most-traded lithium carbonate contract in China surge

** Chairman of major Chinese producer Ganfeng Lithium Group 002460.SZ forecast demand growth of 30% or even 40% for the battery metal in 2026

** Ganfeng chairman said demand growth could drive lithium carbonate price above 150,000 yuan, or even 200,000 yuan a ton

** IGO IGO.AX and Pilbara Minerals PLS.AX climb as much as 8.3% and 5.6%, respectively, to reach their highest levels since May 2024

** Liontown Resources LTR.AX jumps as much as 7.2% to its highest level since January 2024

** Overnight, lithium stocks in the United States, including Albemarle and U.S.-listed shares of Chile's SQM, were also trading higher

 (Reporting by Himanshi Akhand in Bengaluru)

 ((Himanshi.Akhand@thomsonreuters.com;))