Lithium Miners Surge in Afternoon Trade as Tianqi Gains Over 9% and Ganfeng Rises 8%

Deep News
Aug 21

Lithium mining stocks rallied strongly in the afternoon session, extending their upward momentum. As of the latest update, Tianqi Lithium Corporation (09696.HK) climbed 9.19% to HK$36.84 per share, leading the sector's advance.

Meanwhile, Ganfeng Lithium Group Co.,Ltd. (01772.HK) also posted solid gains, rising 7.60% to HK$40.22 per share. The sharp uptick in both major lithium producers reflects renewed buying interest in the battery materials sector during afternoon trading.

Investors have shown heightened activity in lithium-related equities, with the two industry heavyweights outperforming the broader market. The surge comes amid sustained demand for lithium products used in electric vehicle batteries and energy storage systems, supporting the positive price action across the sector.

Trading volumes for both counters increased notably as the session progressed, underscoring the market's bullish sentiment toward lithium stocks. The gains mark a significant intraday reversal, with both companies recovering from earlier softness to close in on their respective daily highs.

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