The peak season for lithium batteries is arriving, with non-ferrous metals fluctuating and surging, and Chuaneng Power's first board hitting the daily limit.

(Source: Caixin)

In the power battery sector, the peak season for lithium batteries is coming, which is expected to drive companies’ order signings and earnings to recover.

On April 2, after being hit in the early trading session, the non-ferrous metals sector quickly rebounded. Among them, the lithium mining concept saw active turnover. Sichuan Energy Power (000155.SZ) hit the daily limit in a straight run-up. Tibet Urban Investment (600773.SH), Jiangte Motor (002176.SZ), Rongjie Shares (002192.SZ), Jinyuan Shares (000546.SZ), and Shengxin Lithium Energy (002240.SZ) also followed higher.

In addition, the aluminum sector rose with fluctuations. Yunnan Aluminium (000807.SZ) rose by more than 5%, and Yiqiu Resources (601388.SH), Shenhuo Shares (000933.SZ), Hongqiao Holdings (002379.SZ), Tianshan Aluminium (002532.SZ), and others also followed higher.

On the news front, the main contract for lithium carbonate at the Guangzhou Futures Exchange rose by nearly 2% within the day, after falling as much as nearly 3% earlier in the day.

In addition, according to Xinhua News Agency, two large aluminum plants in Gulf countries—Bahrain and the United Arab Emirates—recently confirmed that they were attacked by Iran. The attacks caused injuries and property losses. Aluminum products exported from the Middle East account for about 10% of global supply, which may create some impact on the market.

Guoyuan Securities said that in March, investors should focus on the substantive impact of overseas geopolitical conflicts, as well as the repeated fluctuations in expectations for Federal Reserve rate cuts, and recommends finding investment opportunities in non-ferrous metals cautiously.

CITIC Securities pointed out that in the new energy vehicle sector, we expect global new energy vehicle sales to maintain relatively rapid growth in 2026, driving growth in demand for batteries and materials. In the power battery sector, the peak season for lithium batteries is approaching, which is expected to drive companies’ order signings and earnings to recover. For new technologies, solid-state batteries are entering a key stage for engineering validation; focus on the validation progress of related materials and equipment companies.

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