On July 13, CALB (03931.HK) fell 5.1% in regular trading, trading at HK$20.48/share, with turnover of approximately HK$26.73 million, extending its recent streak of weakness.
On the news front, lithium carbonate futures main contract dropped to around RMB 151,600/ton, retreating over 20% from the May high of RMB 200,000/ton. On the supply side, CATL's Jianxiawo lithium mine has entered a production restart cycle, while West Africa's largest lithium ore processing plant officially commenced operations with a daily processing capacity of 6,000 tons of lithium ore, equivalent to approximately 30,000 tons per year of lithium carbonate equivalent. Market concerns over lithium salt oversupply have intensified significantly. On the demand side, downstream battery manufacturers are maintaining only essential procurement without large-scale restocking, limiting upside potential for lithium prices and putting broad pressure on the lithium battery sector.
Analysts noted that the concentrated release of new supply-side capacity has broken the previous tight-balance expectations, causing lithium carbonate futures to decline sharply and directly triggering a sell-off across the lithium mining and battery sector.
(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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