Oil Prices Dip as Lithium Carbonate Surges,โ Highlighting Energy Transition Dynamics
BEIJING – Teh lithium battery sector saw active tradingโ in โthe stock market on the 13th, coinciding with aโฃ period of diverging performanceโข in the energy market. While international oil prices are โฃfacing downward โpressure, lithium carbonate prices are experiencing a surge, a โคdynamic analysts say reflects the โongoing globalโ energy transformation.
Despiteโ the growth of new energy sources, traditional energy is not expected โฃto disappear entirely. Industry observers believe the crude oil market willโข continue to receive support from a mature supplyโค and demand chain and the potential for geopolitical disruptions, particularly amidst current economic uncertainty.
The โInternational Energy Agency (IEA) noted in its “World Energy Outlook 2025” report that global oil and natural gas supplies โขare currently adequate, though geopolitical risks remain a concern.
Analysts at Huatai Securities, in a recent research report, suggest oilโค prices โฃmay trade in aโ downwardโ range from theโ fourth quarterโค of 2025 through the second quarter of 2026. This expectation โฃis based on the continued progress of global new โenergy adoption, the anticipated โฃphasing out ofโค OPEC+’s voluntary production cuts, and โคincreased supply from South america and Africa.โ However,โฃ the reportโฃ anticipates a potential rebalancingโข of the marketโ as OPEC+ seeks to โฃregain market share โขthrough short-term โprice sacrifices, coupled with the influence of North American โขshale oil costs, โultimately supporting oil prices in the long term as โคthe global โenergy transition accelerates.
CICC commodity analysts, in their 2026 โoutlook report, โhighlighted the potential โfor supply disruptions to โincreasingly impact spot balances. โขThey maintain aโฃ baseline scenario of continued oil market โขoversupply, but identify potential opportunities arising from non-OECD โreplenishment needs and geopolitical supply risks. Furthermore, โtheโข risingโ costโ of North โamerican โshale oil production is expected to contribute to a potential turningโค point in the non-OPEC supply expansion cycle in the second half of 2026, possibly creating โa breakthrough opportunity for oil โคprice โคrecovery.
This divergence in โperformance – fallingโ oil prices and rising โlithium carbonate -โ underscores the complex and evolving landscape of the global energy market as the โฃworld transitions towards cleaner energy sources.
Editor: Guo โZhouyang
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