Movement Alert|Ganfeng Lithium Rises 3.04% in Regular Trading, Institutional Visits and Full-Capacity Energy Storage Cell Production Boost Confidence

Market Focus
Jun 10

On June 10, Ganfeng Lithium rose 3.04% in regular trading, trading at HKD 56.15/share with trading volume of HKD 238 million, extending the prior session's lithium sector rebound.

On the news front, the company disclosed on June 8 that 76 institutions conducted research visits, including Yinhua Fund, Invesco Great Wall Fund, and Fu Anda Fund. Company Secretary Ren Yuchen stated that from January to April, energy storage cells maintained full-capacity production with utilization rates approaching 100%, and cell products remained in short supply. The Nanchang 588Ah production line is scheduled to begin capacity ramp-up in Q3, while the 648Ah project is being accelerated.

Additionally, the broader lithium sector continued its recovery momentum following the previous day's sharp rebound in A-shares, where Ganfeng Lithium surged over 8%. The rebound was partly triggered by news that CATL's Yichun subsidiary withdrew its land pre-approval application, effectively eliminating the possibility of a key lithium mine resuming production within the year, tightening expected supply.

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