MSGANFE@EC2610A(21019.HK)

The main contract for lithium carbonate fell by 8% during the day

Lithium Extends Plunge from 2-Year High

Lithium carbonate futures have dropped to CNY 145,000 per tonne from a two-year high of CNY 180,000, influenced by a pullback in speculative metals and changing demand from power storage investments. Chinese authorities are reducing export rebates for battery producers, prompting manufacturers to secure lithium orders. The government is increasing power storage spending and plans to double EV charging capacity by 2027, which supports the lithium market. Additionally, 27 mining permits were canceled in Jiangxi, coinciding with the suspension of CATL's lithium mine activities.

Top 5 HK Stock Gainers/Losers (>100B) (2.5)

YUM CHINA(09987) rose 11.42%, with a trading turnover 1.1 Billion HKD, and a year-to-date rose 18.6%. HAITIAN FLAV(03288) rose 5.59%, with a trading turnover 394.2 Million HKD, and a year-to-date rose 3.8%. MINIMAX-WP(00100) fell 8.65%, with a trading turnover 675.2 Million HKD, and a year-to-date rose 194.5%. GANFENGLITHIUM(01772) fell 6.6%, with a trading turnover 1.2 Billion HKD, and a year-to-date rose 7.6%.

JPMorgan's long position in H shares of Ganfeng Lithium decreases to 5.55% on Jan 30 - HKEX

JPMorgan's long position in H shares of Ganfeng Lithium decreases to 5.55% on Jan 30 - HKEX

Top 5 HK Stock Gainers/Losers (>100B) (2.4)

YANKUANG ENERGY(01171) rose 10.58%, with a trading turnover 1.6 Billion HKD, and a year-to-date rose 29.3%. EASTROC(09980) rose 9.53%, with a trading turnover 819.7 Million HKD, and a year-to-date rose 11.2%. MINIMAX-WP(00100) fell 8.43%, with a trading turnover 691.1 Million HKD, and a year-to-date rose 222.4%. KNOWLEDGE ATLAS(02513) fell 6.58%, with a trading turnover 254.1 Million HKD, and a year-to-date rose 95.5%.