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.