On June 23, Ganfeng Lithium fell 3.14% in regular trading, trading at HK$55.4/share, with turnover of HK$239 million.

On the news front, lithium carbonate futures continued their sharp decline, while CATL's indirect subsidiary Yichun Times re-obtained the land pre-review and site selection approval for the Jianxiawo lithium mine project on June 17, valid through June 2029. The mine — one of the world's largest single lithium mica deposits — had been suspended since August 2025. Analysts estimate the project could resume production in Q4, adding significant supply that further pressures lithium pricing.

Additionally, the Guangzhou Futures Exchange recently tightened lithium carbonate futures position limits to curb excessive speculation, while warehouse receipt volumes remain at historical highs, creating substantial overhang pressure. Within the Specialty Chemicals sector, Tianqi Lithium fell 5.14%, Sanvo Chemicals declined 3.21%, and Huabao International dropped 1.23%, reflecting broad sector weakness across lithium miners.

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