Ganfeng Lithium (01772) fell more than 3%. As of the publication, it fell 3.02% to HKD 16.68, with a turnover of HKD 52.3461 million.
According to the Finance and Economics app, Ganfeng Lithium (01772) fell more than 3%. As of the publication, it fell 3.02% to HKD 16.68, with a turnover of HKD 52.3461 million.
On the news front, since July, the price of lithium carbonate has continued to show a downward trend, with the main contract reaching a minimum of around RMB 86,450/ton. Institutions analyzed that the direct cause of the decline was the low price of salt lake shipments and the increased probability of Trump's election. The deep-rooted reason is the gradual realization of oversupply.
In addition, the latest data from the Hong Kong Stock Exchange shows that on July 17th, JPMorgan reduced its holdings of Ganfeng Lithium by 0.796982 million shares at a price of HKD 17.6146 per share, with a total amount of about HKD 14.0385 million. After the reduction, the latest number of shares held is about 56.1189 million shares, and the latest shareholding ratio is 13.9%.