CITIC Securities: Maintains 2026 lithium price forecast range at 120,000-200,000 yuan/ton

According to Golden Ten Data on March 8, a research report from CITIC Securities stated that since 2026, lithium prices have seen a wider increase, the pace of overseas lithium mine restarts has accelerated, and supply growth at the resource end may speed up in 2026. However, compared to the explosive growth on the demand side, the supply response still appears weak. The high prosperity of battery demand and the continuous decline in industry chain inventories are expected to continue supporting lithium prices. In addition, positive industry signals are frequently emerging, such as offtake agreements with agreed floor prices, lithium concentrate auctions, and sales of low-grade lithium mine products, all of which verify the industry chain's confidence in future lithium prices. The forecast range for lithium prices in 2026 is maintained at 120,000-200,000 RMB/ton, and it is recommended to pay attention to the upward price risks brought by additional supply disruptions.