Hong Kong Stocks Movement | Yichun Plans to Revoke 27 Mining Licenses; Tianqi Lithium (09696) and Ganfeng Lithium (01772) Open Nearly 4% Higher

Stock News12-17 09:35

Lithium stocks opened higher in early trading. At the time of writing, Tianqi Lithium (09696) rose 3.73% to HK$48.36, while Ganfeng Lithium (01772) gained 3.61% to HK$50.85.

The surge follows a nearly 5% jump in the main lithium carbonate futures contract, which reached 105,600 yuan per ton on December 17.

In related news, Yichun, known as the "Lithium Capital of Asia," has taken significant action after the shutdown of CATL's Jianxiawo mine. The Yichun Natural Resources Bureau announced plans to revoke 27 mining licenses. Among them is the lithium-bearing porcelain stone mine in the Shiziling mining area, owned by Jiangte Motor. The company has reportedly filed an objection to the revocation.

Huatai Futures noted that supply-side uncertainties remain a key factor supporting strong prices, with frequent disruptions reported both domestically and internationally. In the short term, prices are likely to remain volatile at high levels, with market focus on production capacity releases and capital flows, as well as potential fluctuations from supply-demand dynamics.

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