HK Stock Market Move | Lithium mining stocks continue to decline, with Ganfeng Lithium Group (01772) falling more than 3% and Tianqi Lithium Corporation (09696) falling more than 2%.

Lithium mining stocks continue to decline. As of the time of publication, Ganfeng Lithium Group (01772) fell by 3.62% to 61.2 Hong Kong dollars, and Tianqi Lithium Corporation (09696) fell by 2.44% to 54.05 Hong Kong dollars. On the news front, on January 19th, the main contract for lithium carbonate futures continued to decline, dropping more than 3% to 148,000 yuan per ton. Last week, the main contract for lithium carbonate showed a trend of fluctuating decline, hitting the daily limit multiple times at 146,200 yuan per ton, with an intraday decline of about 9%. ZHONGTAIFUTURES believes that in the short term, after a rapid increase in prices in the first half of the week, the expectation of increased demand due to export competition has been largely met, and market sentiment quickly fell under strong regulation, with a simultaneous adjustment in macro sentiment, leading to an overall decline in the commodity market and accelerated decline in lithium prices.