On July 20, Lopal Tech (02465.HK) fell 5.04% in regular trading, trading at HKD 9.03/share, with turnover of HKD 42.73 million. The decline was driven by a persistent selloff across the lithium battery sector as lithium carbonate futures plunged over 24% from May highs above 200,000 yuan/ton to approximately 150,000 yuan/ton.
Institutional research forecasts global lithium market oversupply of 20%-22% in the second half of the year. The commissioning of West Africa's largest lithium ore processing facility and the resumption of production at a CATL-affiliated mine have further intensified market expectations of supply glut, suppressing sector valuations broadly. Despite the company's H1 earnings guidance of RMB 373-448 million representing a turnaround from loss to profit, the deteriorating industry supply-demand dynamic continues to weigh on the stock price.
(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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