On July 9, Ganfeng Lithium fell 3.33% in regular trading, trading at 42.42 HKD/share, with turnover of HKD 334 million. Lithium battery concept stocks declined broadly, with peer Tianqi Lithium dropping 5.78%, reflecting clear sector-wide linkage.

On the news front, CATL's Jianxiawo lithium mine has entered its production restart cycle, with the market expecting it to bring substantial new lithium carbonate supply. Additionally, West Africa's largest lithium ore processing plant officially commenced operations in early July, with daily processing capacity of 6,000 tons of lithium ore, equivalent to approximately 30,000 tons of lithium carbonate equivalent annually, intensifying market concerns over lithium salt oversupply.

The lithium carbonate futures main contract has retreated from its May high of over 200,000 yuan/ton to below 160,000 yuan/ton, putting sustained pressure on the previous tight supply-demand balance thesis. Separately, Hong Kong Exchange data revealed JPMorgan increased its short position in Ganfeng Lithium H-shares to 2.68% on July 2, up from 2.17%.

(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.)