On September 15, GANFENGLITHIUM fell 3.04% in regular trading, trading at HKD 33.12/share, with turnover of HKD 175 million. The decline came amid sustained institutional position reductions and deteriorating lithium price sentiment.

On the institutional front, multiple global asset managers have been trimming their H-share holdings. BlackRock reduced its long position from 9.12% to 7.40% in late August, and further to 8.78% from 9.56% in early September. JPMorgan also cut its long position from 6.51% to 6.03%. On the industry side, lithium carbonate futures recently plunged over 8%, with weekly destocking momentum narrowing sharply while production volumes rose, triggering market pessimism. The strengthening sodium-ion battery substitution thesis further suppressed lithium price expectations. JPMorgan flagged short-term downward pressure on lithium prices, while Goldman Sachs upgraded GANFENGLITHIUM to Neutral. Peer TIANQI LITHIUM fell 3.96% on the same day. The broader lithium battery sector also came under pressure, with battery capacity expansion plans far exceeding global demand, as new capacity approvals have been effectively suspended industry-wide.

(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.)