On July 17, Lopal Tech fell 5.9% in regular trading, trading at HKD 9.57/share, with turnover of HKD 40.21 million. The stock had already suffered multiple consecutive sessions of sharp declines prior to today.
On the news front, lithium carbonate futures have plunged over 24% from their May high above RMB 200,000/ton to approximately RMB 150,000/ton, triggering a broad panic sell-off across the lithium battery sector. Institutional research reports forecast that the global lithium market will face a supply surplus of 20% to 22% in the second half, further suppressing sector valuations. The supply glut expectations stem from new capacity coming online, including major lithium mine restarts and the commissioning of West Africa's largest lithium processing plant with annual capacity equivalent to approximately 30,000 tons of lithium carbonate equivalent.
Despite the company's recent announcement of a first-half earnings turnaround with net profit expected at RMB 373 million to RMB 448 million, the macro commodity headwinds and sector-wide deleveraging have overwhelmed positive fundamental signals, with lithium carbonate being a key raw material for Lopal Tech's lithium iron phosphate cathode business.
(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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