HK Stock Market Move | Ganfeng Lithium Group (01772) opened nearly 3% higher. The first phase of the Goulamina spodumene lithium project in Mali, Africa is expected to officially start production in December.

Ganfeng Lithium Group (01772) opened nearly 3% higher, as of the time of drafting, it has risen by 2.51% to 26.5 Hong Kong dollars, with a turnover of 12.1423 million Hong Kong dollars. On the news front, Ganfeng Lithium Group announced that the trading price of the company's A shares deviated from the closing price for three consecutive trading days by a cumulative exceedance of 20%, indicating abnormal fluctuations in stock trading prices. After verification, the company's subsidiary Mali Lithium B.V's phase one construction of the Goulamina lithium spodumene project in Mali, Africa has been completed and entered the trial production phase. It is expected to officially commence production in December this year. The company is planning to carry out debt financing, including but not limited to short-term financing bonds, ultra-short-term financing bonds, medium-term notes, H-share convertible bonds, etc., to supplement operating funds and optimize debt structure. The company's current operations are normal, and there are no undisclosed significant matters concerning the controlling shareholders and actual controller.