Tianqi's words sound like a morale boost for shareholders, but the data is indeed warming up.

Tianqi Lithium stated at the shareholders' meeting that by 2026, the global lithium industry's supply and demand will be generally balanced, in a stage of dynamic adjustment, showing a pattern of "continuous demand growth and supply disruptions." Rising oil prices and energy transition will continue the global electrification trend, with energy storage demand and policy support driving lithium demand growth. Midstream cathode material manufacturers are expanding production, and downstream production is active, with the industry's prosperity expected to improve.