On June 5, Ganfeng Lithium fell 3.13% in regular trading, trading at HK$56.1/share, with trading volume of HK$173 million, extending its recent downtrend.

On the news front, CATL's sodium battery mass production announcement continues to fuel market concerns over potential substitution of lithium battery demand. Meanwhile, lithium carbonate futures have dropped to 167,000 yuan/ton, with warehouse receipt volumes on the Guangzhou Futures Exchange hitting a record high, further suppressing market sentiment across the lithium sector.

Additionally, the company's prior final investment decision of US$490 million for the Mt Marion lithium mine project with Mineral Resources has raised concerns about increased financial burden from heavy capital expenditure. JPMorgan maintained a \"Neutral\" rating on Ganfeng Lithium with a target price of HK$70, noting that commodity and equity market sentiment is unlikely to reverse in the near term. Within the Specialty Chemicals sector, Tianqi Lithium fell 3.19% and Dongyue Group declined 4.8% on the same day, with the lithium mining sector broadly under pressure.

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