On June 26, Ganfeng Lithium fell 3.13% in regular trading, trading at 50.95 HKD/share, with turnover of approximately 115 million HKD. The decline was driven by continued weakness in lithium carbonate futures and mounting supply-side pressures.

On the news front, the lithium carbonate main contract slumped to 150,840 yuan/ton, marking a single-day drop of 5.5%. The Guangzhou Futures Exchange recently tightened position limits on lithium carbonate futures for non-delivery months, while warehouse receipt volumes remain at historical highs, forming significant potential selling pressure. Additionally, CATL subsidiary Yichun Times re-obtained the land pre-approval and site selection certificate for its Jianxiawo lithium mine project on June 17, with analysts estimating the mine — one of the world's largest single lepidolite deposits — could resume production in Q4, further suppressing lithium price expectations.

Within the Specialty Chemicals sector, Tianqi Lithium fell 2.85% in tandem, reflecting broad-based weakness across lithium mining stocks. JPMorgan earlier maintained a Neutral rating on Ganfeng Lithium with a target price of 70 HKD, noting that commodity and equity market sentiment may remain difficult to reverse in the near term.

(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.)