Movement Alert|Ganfeng Lithium Rises 3.09% in Regular Trading, Sustained by Full Capacity Utilization and Bullish Lithium Price Outlook

Market Focus06-12

On June 12, Ganfeng Lithium (01772.HK) rose 3.09% in regular trading, trading at HK$60.3/share, with turnover of HK$337 million, extending the lithium sector rebound that began earlier this week.

On the news front, the company recently disclosed a survey record involving 76 institutional visitors including Yinhua Fund, Jingshun Great Wall Fund, and Fuanda Fund. The company secretary stated that from January to April, energy storage battery cells maintained full-load production with capacity utilization approaching 100%, and cell products remained in short supply. A new 588Ah production line in Nanchang is scheduled to begin capacity ramp-up in Q3.

Additionally, CITIC Securities maintained its H2 lithium price target of RMB 250,000/ton, implying approximately 50% upside from current levels, citing a supply-demand tight balance that is unlikely to reverse in the near term. BlackRock recently increased its H-share holdings to 7.80%, further reinforcing institutional confidence in the stock.

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