Ganfeng Lithium Group Co., Ltd. (stock code: 01772) experienced a significant downturn in Tuesday's trading session, with its shares plummeting 6.32% by 15:26. The sharp decline comes as part of a broader sell-off in the nonferrous metal sector on the Hong Kong Stock Exchange.

The sector-wide slump saw several major players in the nonferrous metal industry facing substantial losses. CGN Mining and Lingbao Gold led the decline, both dropping over 7%. Other notable companies such as Wanguo Gold and Zijin Mining saw their shares fall by approximately 6%. Ganfeng Lithium's 6.32% drop placed it among the hardest-hit stocks in the sector, alongside Jiangxi Copper, which also declined by over 5%.

While no specific news directly related to Ganfeng Lithium's operations or financials was reported to explain the sharp decrease, the company's stock appears to have been caught in the broader market sentiment affecting the nonferrous metal sector. Investors and analysts will be closely monitoring the situation to determine if this is a temporary market fluctuation or indicative of more persistent challenges facing the industry.