Ganfeng Lithium (01772) surged 6.46% during intraday trading on Wednesday, outperforming the broader market. The rally aligns with a significant uptick in lithium carbonate futures, which jumped nearly 5% to 105,600 yuan per ton earlier in the day.
The price movement is also attributed to supply-side uncertainties following Yichun's announcement to revoke 27 mining licenses, including a lithium-bearing mine owned by Jiangte Motor. Analysts note that such disruptions could tighten lithium supply, supporting strong prices in the short term. Market participants are closely monitoring production capacity releases and capital flows for further cues.
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