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Express News | Lithium mining stocks experienced a collective correction, with Dazhong Mining nearing the daily limit-down.
Express News | 2:00 PM Quick Review: Sector rotation strengthens as market sentiment continues to rise.
The ChiNext Index rose over 1%, with rare earth and lithium mining sectors experiencing strong gains. Newly crowned 'stock king' Yuanjie Technology hit another record high, while the Hang Seng Tech Index climbed 1%, with tech stocks rebounding collectivel
The lithium mining sector has shown repeated strength, with Yongshan Lithium Industry achieving two consecutive daily limit gains. Tibet Summit Resources approached the daily limit at one point, while Tibet Urban Development Investment, Yongxing Materials, Tianhua New Energy, and Yahua Group ranked among the top gainers. In early trading, the pork concept rebounded collectively, with Jin Xinong hitting the daily limit, and companies such as Zhengbang Technology, Giant Agriculture and Animal Husbandry, Shennong Group, Tianbang Food, and Tangrenshen also rising.
A-share market movements: Lithium mining stocks collectively strengthened, with Defang Nanometer surging 19% and Yongxing Materials rising over 7%.
Gelonghui, April 29 | Lithium mining stocks in the A-share market collectively gained strength. Among them, Defang Nanomaterials surged by 19%, Yongxing Materials rose over 7%, Tianhua Xinneng increased by more than 6%, and Dazhong Mining, Tibet Zhufeng, and Western Mining climbed over 5%. In terms of market news, within the past week, the price of battery-grade lithium carbonate has cumulatively risen by 3,500 yuan per ton, with an increase of 2.03%. Over the past month, the price of battery-grade lithium carbonate has cumulatively increased by 20,000 yuan per ton, representing a rise of 12.82%. Previously, IGO significantly lowered its production guidance for lithium concentrate at Greenbushes for the fiscal year 2026 from 1.5-1.65 million tons to 1.375-1.425 million tons.
Express News | The lithium mining sector has continued to strengthen, with Yongshan Lithium Industry achieving two consecutive trading limit ups.
Express News | Bidding determines the leading stock.