On September 16, GANFENGLITHIUM fell 3.15% in regular trading, trading at HK$31.88/share, with turnover of HK$39.90 million.

On the news front, lithium carbonate futures extended their decline, with the front-month contract breaking below the 130,000 yuan/ton level intraday and touching a low of 127,100 yuan/ton, marking a new low since early February and representing a cumulative retreat of approximately 20% from the beginning of the month. At the industry level, multiple regions in China have suspended acceptance of new capacity filings for power batteries and energy storage batteries. Industry data shows planned energy storage cell capacity approaching 2TWh, far exceeding actual global demand, highlighting severe overcapacity pressures. Peer TIANQI LITHIUM also declined 2.79% on the same day, with the broader sector under pressure. JPMorgan has noted that lithium prices face short-term downward pressure. Notably, BlackRock recently increased its long position in GANFENGLITHIUM H-shares from 8.94% to 9.70% on September 10.

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