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Hong Kong Market Moves | Lithium Mining Stocks Decline as Sector Leaders Show Weaker Q2 Sequential Growth; Mixed Factors Drive Lithium Carbonate Futures to Trade Sideways at Low Levels
Lithium mining stocks continued their recent decline. As of the time of writing, Ganfeng Lithium Co., Ltd. (01772.HK) was down 6.33% at HK$37.32, while Tianqi Lithium Corporation (09696.HK) fell 4.63% to HK$32.12.
Hong Kong Market Midday Commentary | All three major indices rose by more than 1%; AI applications and tech stocks gained, with MINIMAX surging nearly 15%, Zhipu AI rising close to 9%, and Meituan climbing over 4%; biotechnology stocks performed strongly,
Multiple tech and internet stocks rose, with Meituan-W up 4.55% and Tencent up 3.38%; pharmaceutical stocks performed strongly, with Insilico Medicine up 12.91% and Genfleet Therapeutics-B up 12.81%; mobile gaming stocks gained ground, with Boyaa Interactive up 4.08% and Tanwan up 3.63%;
Hong Kong Stock Market Movement | Ganfeng Lithium (01772) Drops Over 4%; Expects Profitability Recovery in H1, with Wide Q2 Net Profit Sequential Fluctuation Range
Ganfeng Lithium (01772.HK) fell more than 4%. As of the time of writing, it was down 4.22% at HK$39.96, with a trading volume of HK$353 million.
Soochow Securities: Strong lithium battery demand and improving profitability drive both volume and earnings growth in the lithium carbonate sector.
Global energy storage demand will reach 2,844 GWh in 2026, an increase of 37%, and is expected to maintain 27% growth in 2027, reaching 3,611 GWh.