Movement Alert|Ganfeng Lithium Rises 3.36% in Regular Trading, Institutional Research Visits and Full-Capacity Energy Storage Production Sustain Rebound

Market Focus
Jun 11

On June 11, Ganfeng Lithium rose 3.36% in regular trading, trading at 56.25 HKD/share, with trading volume of HKD 168 million, extending the lithium sector rebound momentum.

On the news front, the company disclosed on June 8 that 76 institutional investors conducted on-site research visits, including Yinhua Fund, Invesco Great Wall Fund, and Fu Anda Fund. The company's board secretary stated that energy storage battery cells maintained full-capacity production from January through April, with capacity utilization approaching 100% and products in short supply. The Nanchang 588Ah production line is scheduled to begin capacity ramp-up in Q3. Additionally, BlackRock recently increased its H-share holdings to 7.80%, while CITIC Securities maintains a second-half lithium price target of RMB 250,000/ton, representing approximately 50% upside from current levels, supported by a tight supply-demand balance expected to push the price center higher.

(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.)

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