On September 28, GANFENGLITHIUM fell 3.09% in regular trading, trading at 29.96 HKD/share with turnover of 31.78 million HKD, marking another near-term low for the stock.

The decline comes amid multiple bearish catalysts converging on the lithium sector. UBS recently slashed its 2027 China lithium price assumption from 200,000 yuan to 120,000 yuan per ton — a 40% cut — and lowered GANFENGLITHIUM's target price to 44.28 HKD. The broker noted all downgrades stem from price assumption adjustments rather than deterioration in company fundamentals.

Meanwhile, BlackRock has consecutively reduced its long position in GANFENGLITHIUM H shares throughout September, with its stake declining from 9.72% to 7.72% via off-market transactions. On the A-share side, net institutional selling reached 239 million yuan on September 24 alone, with net margin repayment of approximately 797 million yuan.

Broader sector headwinds persist as lithium carbonate prices have moved counter-seasonally lower during the traditional peak period, with supply recovery and weakened demand expectations creating a bearish resonance. An SMM inventory methodology adjustment revealed over 90,000 tons of previously hidden inventory, further pressuring sentiment. Peer TIANQI LITHIUM fell 2.22% on the same day, reflecting sector-wide 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.)