HK Stock Market Move | Lithium stocks rose against the market trend, with lithium carbonate soaring nearly 4% during intraday trading. The downstream market is showing signs of recovery, leading to increased attention on the resumption of production at the Ganzhou lithium mining facility.

Lithium stocks rose against the market trend. As of the time of writing, Ganfeng Lithium Group (01772) has increased by 6.75%, reaching HKD 43.34; Tianqi Lithium Corporation (09696) has risen by 2.39%, priced at HKD 38.6. On the news front, today, the main contract price for lithium carbonate on the Guangqi Exchange surged nearly 4%, surpassing RMB 162,000 per ton, hitting a new high since July 8. A report by Copper Crown Gold Source Futures pointed out that the resumption of operations at the Contemporary Amperex Technologys Jianshawa lithium mine is a current market focal point. As the largest proven lithium mica mine globally, it involves an annual production capacity of about 100,000 tons. Its resumption will significantly change supply expectations and will be a core catalyst for future transactions. The report further noted that with the approach of the "golden September and silver October," the new energy vehicle market is expected to welcome a seasonal rebound. In the first half of August, the new energy vehicle market has shown signs of retail stabilization and active stockpiling on the wholesale end. The high penetration rate also lays a demand foundation, and the market will closely monitor the actual improvements in downstream production and terminal sales.