HK Stock Market Move | Contemporary Amperex Technology Yichun Lithium Mine project resumes production and welcomes important progress. Tianqi Lithium Corporation (09696) and Ganfeng Lithium Group (01772) both fell nearly 4%.

Lithium stocks fell in early trading. As of the time of writing, Tianqi Lithium Corporation (09696) dropped 3.65%, trading at HKD 34.84; Ganfeng Lithium Group (01772) declined 3.79%, trading at HKD 38.56. According to reports from the Securities Times, the Ecology and Environment Bureau of Yichun City plans to accept the environmental impact assessment documents for the lithium mining project of Yichun Times New Energy Mining Co., Ltd. in the Zhenkouli area of Yifeng County to Jiangxi Province's Jianxiawo area in Fengxin County. Currently, the environmental assessment documents and public participation statement for the aforementioned project are in the public announcement stage prior to acceptance. Public information shows that the Jianxiawo lithium mine is the largest proven lithium mica mine in the world, with a designed annual production capacity of about 100,000 tons of lithium carbonate. Before the suspension of operations, its output accounted for approximately 8%-10% of the national total. Therefore, the timing of its resumption of production has garnered significant public attention. This intended acceptance of the environmental assessment is an important step in the resumption process of Contemporary Amperex Technology's Jianxiawo lithium mine.