On September 25, GANFENGLITHIUM fell 3.18% in regular trading, trading at 30.54 HKD/share, with turnover of approximately 5.78 million HKD, extending the multi-week slide in lithium mining stocks.

The decline was driven by a confluence of bearish factors pressuring the lithium sector. Lithium carbonate prices have been falling counter-seasonally during what is traditionally peak demand season, with spot prices recently breaking below 130,000 yuan per tonne to a multi-month low. UBS recently further lowered its domestic lithium price forecast and cut its target price for GANFENGLITHIUM to 44.28 HKD while maintaining a buy rating. Meanwhile, an adjustment in SMM lithium carbonate inventory methodology revealed over 90,000 tonnes of previously hidden inventory, amplifying oversupply concerns. Reports of major battery manufacturers trimming production schedules and energy storage order cancellations have further eroded market confidence.

Peer TIANQI LITHIUM also declined 2.33% on the same session, reflecting broad sector weakness. JPMorgan has noted short-term downward pressure on lithium prices, while Goldman Sachs recently upgraded GANFENGLITHIUM to neutral, citing lithium price recovery benefiting H1 earnings which saw net profit surge over 900% year-on-year to 4.26 billion yuan.

(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.)