On June 8, Ganfeng Lithium (01772.HK) fell 3.32% in regular trading, trading at HKD 54.1 per share, with trading volume of HKD 234 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-ion battery demand. Meanwhile, lithium carbonate futures have fallen to approximately RMB 167,000 per ton, with warehouse receipts on the Guangzhou Futures Exchange hitting a record high, further suppressing market sentiment across the lithium sector. Additionally, the company's prior USD 490 million final investment decision on the Mt Marion lithium mine project with Mineral Resources has raised concerns about increased financial burden from heavy capital expenditure.

JPMorgan maintains a Neutral rating on Ganfeng Lithium with a target price of HKD 70, noting that commodity and equity market sentiment is unlikely to reverse in the near term. Within the Specialty Chemicals sector, peer Tianqi Lithium fell 1.46% on the same day, with the lithium mining segment broadly under pressure.

(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.)