Ganfeng Lithium Indicates Lithium Salt Supply and Demand Maintains Tight Equilibrium

Deep News07-07

Ganfeng Lithium Group Co.,Ltd. (referred to as Ganfeng Lithium) stated on July 7th via an investor interaction platform that recent lithium carbonate price volatility has been significant, yet no substantial changes have occurred in the industry's fundamental landscape. The supply-demand dynamic for lithium salt products currently remains in a state of tight balance.

The price decline observed in June was primarily influenced by a confluence of factors, including a seasonal lull in spot market activity, rising inventory concerns, and persistently weak futures prices.

Based on public market information, new cathode material production capacity is expected to be progressively released in the second half of the year, which is anticipated to further stimulate demand for lithium resources.

The company has formulated and implemented multi-dimensional measures for market value management and shareholder returns. Ganfeng Lithium reiterated its commitment to solid operational management, aiming to reward the trust and support of its investors through strong performance and consistent dividend distributions.

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