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"A-Share Focus" Lithium carbonate futures main contract fell over 6% during the day, lithium mining concept declined

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Affected by the intraday drop of over 6% in the main contract of lithium carbonate futures on the Shanghai Futures Exchange, the A-share lithium mining concept sector continued to decline. Stocks such as Yongshan and TLC saw significant drops of over 9% and 7%, respectively, while Ganfeng Lithium and Huayou Cobalt also experienced varying degrees of decline

According to the Economic Information Daily on the 26th, the lithium mining concept in the Shanghai and Shenzhen stock markets continues to decline, with Yongshan Lithium (Shanghai: 603399) dropping over 9%, Tianqi Lithium (Shenzhen: 002466) falling over 7%, Tianhua New Energy (Shenzhen: 300390) and Shengxin Lithium Energy (Shenzhen: 002240) decreasing nearly 7%, Ganfeng Lithium (Shenzhen: 002460) dropping nearly 6%, Huayou Cobalt (Shanghai: 603799) falling over 5%, and Yiwei Lithium Energy (Shenzhen: 300014) declining over 4%.

On the news front, the main contract for lithium carbonate futures on the Guangzheng Exchange fell over 6% during the day, currently reported at RMB 145,900 per ton. (wn)

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