Movement Alert|Ganfeng Lithium Rises 3.7% in Regular Trading, Lithium Carbonate Futures Recovery and Full-Capacity Energy Storage Cells Extend Sector Rebound

Market Focus06-15

On June 15, Ganfeng Lithium rose 3.7% in regular trading, trading at 62.95 HKD/share with turnover of HKD 181 million, extending the recent lithium sector rebound.

On the news front, lithium carbonate futures recently climbed back above RMB 170,000/ton, while CITIC Securities maintained its H2 target of RMB 250,000/ton, implying approximately 50% upside from current levels. The company recently disclosed survey records from 76 institutions. Management stated that energy storage cells operated at full capacity from January to April, with utilization rates near 100% and products in short supply. The Nanchang 588Ah production line is scheduled to begin capacity ramp-up in Q3. Additionally, BlackRock recently increased its H-share holdings to 7.80%, signaling sustained institutional confidence. Within the Specialty Chemicals sector, peers including Tianqi Lithium rose 3.28% and Dongyue Group gained 4.24%, reflecting broad sector strength.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment