<div id="readability-page-1"><div>TIANQI LITHIUM (09696.HK) -1.520 (-3.200%) Short selling $653.24K; Ratio 0.336% opened 0.84% lower this morning (4th) and once hit a trough of HKD45.74. It last printed at HKD46.18, down 2.78%, with 1.7614 million shares traded, involving HKD81.3027 million. Peer GANFENGLITHIUM (01772.HK) -2.550 (-4.211%) Short selling $36.62M; Ratio 6.747% opened 0.91% lower today and once fell to a trough of HKD57.75. It last printed at HKD58.05, down 4.13%, with 5.095 million shares traded, involving HKD298 million.JP Morgan said in a research report that sentiment in commodities and related equity markets is unlikely to reverse in the near term. The market still lacks consensus on lithium supply and demand, resulting in prices being largely driven by news flow. As recent positive catalysts, including production cuts of lepidolite in Jiangxi and export controls in Zimbabwe, have largely played out, JP Morgan believed risks ahead will tilt toward unfavorable news. It therefore maintained a Neutral rating on both GANFENGLITHIUM and TIANQI LITHIUM. (HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-06-03 16:25.)</div></div>

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Tianqi Lithium and Ganfeng Lithium shares dropped approximately 3-4% amid negative sentiment in the lithium sector. JP Morgan cited a lack of consensus on supply and demand, noting that recent positive catalysts have played out while risks tilt unfavorable. Consequently, JPM maintained a Neutral rating on both stocks, predicting near-term reversal unlikely.

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TIANQI LITHIUM, GANFENGLITHIUM Sag ~3-4%; JPM: Recent News Adds Pressure to Lithium Sector