On June 18, Ganfeng Lithium fell 3.39% in regular trading, trading at HK$58.2/share, with turnover of HK$179 million. The decline came as the broader Specialty Chemicals sector faced selling pressure, while short-term profit-taking emerged following a sustained rally in lithium stocks.

On the news front, the previously announced disposal of approximately 35.09 million PLS shares by wholly-owned subsidiary Ganfeng International — generating around AU$222 million in proceeds and an estimated RMB 9.81 billion in pre-tax gains — had already been fully priced in during the prior trading session, when the stock rose 3.39%. With this positive catalyst absorbed, profit-taking pressure intensified.

Within the Specialty Chemicals sector, stocks declined broadly. Among individual names, Tianqi Lithium fell 3.66%, Huabao International fell 3.58%, China Boton fell 1.64%, Dongyue Group fell 0.84%, and Global New Material fell 0.81%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)