Stocks in the A-share market showed unusual movements as lithium mining stocks generally fell; the Bald Hill lithium mine in Australia is set to resume operations.
On May 19, Glodon reported that lithium mining stocks generally fell, with Wanli Stone dropping more than 7%, Jinyuan Shares falling over 6%, Shengxin Lithium Energy and Ganfeng Lithium declining more than 4%, and Jiuyu High-Tech, Tibet Mining, and Salt Lake Shares also trending lower. In terms of news, Australian Mineral Resources Company announced on May 18 local time that due to a significant and sustained recovery in lithium prices, its wholly-owned Bald Hill lithium mine would resume operations. On-site work will gradually increase from the end of May, with crushing and mining operations set to commence in June. The production of the first batch of spodumene concentrate is expected to begin in July, with the first delivery anticipated in the first quarter of the 2027 fiscal year from Esperance.
Stock Market Movements | Lithium battery-related stocks collectively declined as Australian lithium mine Bald Hill announced its restart plan; institutions focus on downstream acceptance of high prices.
The lithium battery sector saw a collective decline in stock prices. As of press time, Ganfeng Lithium (01772) dropped by 5.49%, trading at HKD 69.75; Longpan Technology (02465) fell by 5.18%, trading at HKD 15.37; Tianqi Lithium (09696) declined by 4.42%, trading at HKD 51.9; and CATL (03750) decreased by 3.56%, trading at HKD 650.5.
Ganfeng Lithium (01772.HK) was reduced by Baillie Gifford & Co. by 2.6 million shares.
According to the latest equity disclosure data from the Stock Exchange, on May 14, 2026, Ganfeng Lithium (01772.HK) was subject to a reduction of 2.6 million shares by Baillie Gifford & Co at an average price of HKD 77.3494 per share, amounting to approximately HKD 201 million. Following the reduction, Baillie Gifford & Co’s total shareholding decreased to 21,883,200 shares, with its ownership stake dropping from 5.07% to 4.53%.
Express News | Ganfeng Lithium: The current inventory days of lithium ore and lithium salt in the industry are at a historical low.
Hong Kong Stock Market Midday Review | Hang Seng Index rose 0.34% in the morning session, with Alibaba-W surging over 5%.
Nasemi (02676) surged over 11% to reach a new high, with revenue in the first quarter achieving significant growth as analog chips enter an upward phase.
Hong Kong Stock Movement | Lithium stocks fell in early trading as the main lithium carbonate contract dropped 4% intraday; high lithium prices may impact some energy storage demand.
Lithium stocks declined in early trading, with Ganfeng Lithium (01772) falling 4.25% to HKD 76.6, and Tianqi Lithium (09696) dropping 3.54% to HKD 57.2.