---
title: "Ganfeng Lithium Tumbles Over 8% as Lithium Prices Slide"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/290919755.md"
description: "Ganfeng Lithium dropped over 8% to HK$48.40 during Hong Kong trading as lithium carbonate futures fell 6% amid oversupply concerns, with BlackRock cutting stake from 7.63% to 6.74%."
datetime: "2026-06-26T06:00:46.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/290919755.md)
  - [en](https://longbridge.com/en/news/290919755.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/290919755.md)
---

# Ganfeng Lithium Tumbles Over 8% as Lithium Prices Slide

Ganfeng Lithium (1772.HK) plunged more than 8% during regular trading to HK$48.40 with turnover reaching HK$671 million.

Lithium carbonate futures contracts fell over 6% intray as NCM parent company's Jiangxia lithium project received new land-use approval, raising expectations of loosened supply and weighing on lithium prices. BlackRock reduced its H shareholding from **7.63%** to **6.74%** on June 19.

Peers including Tianqi Lithium and Lopal Tech also weakened, under pressure as the entire lithium battery sector declined.

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