On May 28, Ganfeng Lithium fell 3.87% in regular trading, trading at HK$63.25/share, with trading volume of HK$155 million, extending its recent weakness.
On the news front, the company and its joint venture partner Mineral Resources recently made a final investment decision on the Mt Marion lithium mine project to construct a flotation plant and develop underground mining. The total capital investment on a 100% equity basis is estimated at USD 490 million, with funding to be spread across fiscal years 2027 and 2028. While the payback period is estimated at less than one year based on current spodumene spot prices, the market remains concerned that the massive capital expenditure will increase the company's financial burden.
Meanwhile, lithium carbonate futures have continued to retreat after hitting a near three-year high of RMB 209,900/tonne on May 12, now falling below the RMB 180,000/tonne level. The sustained price decline has suppressed valuations across the lithium sector. Within the Specialty Chemicals sector, Tianqi Lithium fell 2.51% and Tsaker New Energy fell 4.39%, reflecting broad sector weakness.
(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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