On July 10, Ganfeng Lithium fell 3.02% in regular trading, trading at HKD 41.78/share, with turnover of HKD 366 million.
Multiple supply expansion signals continued to weigh on the lithium mining sector. On the news front, CATL's Jianxiawo lithium mine has entered its restart cycle, expected to bring substantial new lithium carbonate supply. Additionally, West Africa's largest lithium processing plant commenced operations in early July, with daily processing capacity of 6,000 tons of lithium ore, equivalent to approximately 30,000 tons of lithium carbonate per year, intensifying oversupply concerns.
Lithium carbonate futures have retreated from above 200,000 yuan/ton in May to below 160,000 yuan/ton, undermining the previous supply-demand tight balance thesis. HKEX data shows JPMorgan's short position in Ganfeng Lithium H shares has risen to 2.68%. Sector peers Tianqi Lithium fell 2.84% and Dongyue Group dropped 7.4%, 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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