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.
Source: HK Stock Market Update The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments