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The bank stated that China's pure electric vehicle sales in May rebounded significantly, increasing by 13% month-on-month. Morgan Stanley also highlighted the strong global growth in energy storage system shipments and the momentum of truck electrification in China. However, with the support of rising prices, lithium supply is also expected to recover. Morgan Stanley emphasized the resumption of lithium exports from Zimbabwe and the restart of several mines in Australia, adding that brownfield expansion projects are also emerging. The bank maintains a neutral rating on PLS in Australia, favoring PLS over peer IGO. Morgan Stanley rates IGO as underweight, citing risks related to the Greenbushes mine life plan and the CGP3 capacity ramp-up.

BlockBeats reports that on June 16, well-known trader Killa (@KillaXBT) stated that half of his SpaceX position has been closed. From a fundamental perspective, it is overvalued. However, the momentum is there, the hype is present, the low float narrative is effective, and the short squeeze unfolded exactly as expected. On the day SpaceX went public, Killa warned retail investors: Do not short SpaceX, do not go against BlackRock, Fidelity, and Vanguard. Killa, a quantitative trader specializing in BTC, previously predicted the peak of this bull market in May 2025. He has over 200,000 followers on the X platform. In mid-April, he shorted Bitcoin at $74,688, and shifted fully to long positions during the market-wide downturn on June 5.

Glonghui June 16 | Mizuho has lowered Biogen's target price from $236 to $221, maintaining an "Outperform" rating. (Glonghui)