On October 13, GANFENGLITHIUM fell 3.29% in regular trading, trading at 27.04 HKD, with turnover of 56.5714 million HKD. The decline was primarily driven by the lithium carbonate futures main contract falling 11.79% the previous session to 104,740 yuan per ton, breaching the 110,000 yuan mark and hitting a new yearly low, which broadly weighed on lithium mining stocks.

Reference news indicates that supply-side recovery and expansion expectations have intensified recently, with environmental assessment filings for the Jianxiawo lithium mine and resumption progress at Australian mines, while institutions generally anticipate long-term oversupply and weakening peak-season demand. Lithium prices have nearly halved from their May highs. Although the company expressed optimism on medium-to-long-term lithium battery demand, the market's pessimistic sentiment has been difficult to reverse in the short term.

GANFENGLITHIUM engages in lithium and lithium battery product manufacturing and sales, spanning upstream resource development, midstream lithium salt processing, metal lithium smelting, downstream battery manufacturing and recycling. Its products are widely used in electric vehicles, energy storage, aerospace, and pharmaceuticals.

(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.)