On May 26, Ganfeng Lithium fell 4.4% in regular trading, trading at HK$65.45/share, with trading volume of HK$303 million, extending its recent weakness.
On the news front, Ganfeng Lithium and its joint venture partner, Australian mining company Mineral Resources (MinRes), have formally made a final investment decision on the Mt Marion lithium mine project to build a flotation plant and develop underground mining operations. The project's total capital investment on a 100% equity basis is estimated at USD 490 million, with funding to be allocated across fiscal years 2027 and 2028. Although the payback period is estimated at less than one year based on current lithium spodumene concentrate spot prices, the market is concerned that such substantial capital expenditure will increase the company's financial burden amid uncertain lithium price outlook.
The broader lithium sector also faced selling pressure, with peer Tianqi Lithium declining 3.64% in the same session, reflecting persistent sector-wide headwinds from supply-side expansion and recent lithium carbonate price corrections from multi-year highs.
(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.)
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