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CITIC Securities: The current lithium price has been oversold, and the lithium sector is expected to Rebound
On November 11, CITIC Securities Research Report said that the decline in lithium prices in 24Q3 led to the expansion and reduction of overseas lithium mines, and some mining companies sold assets to recoup funds. We believe that Australian lithium mines have begun to lose cash, and more lithium mines will reduce production in the future, so we have lowered the oversupply of the lithium industry in 2026 to 25,000 tons, and the fundamentals of the lithium industry have improved in the short term.