HK Stock Market Move | Lithium mining stocks are active again. Tianqi Lithium Corporation (09696) increased by more than 5%. Zimbabwe's export policy continues to disrupt.

Lithium mining stocks have become active again. As of the time of writing, Tianqi Lithium Corporation (09696) rose 5.12% to 44.38 Hong Kong dollars, while Ganfeng Lithium Group (01772) rose 2.49% to 63.75 Hong Kong dollars. On the news front, the main contract for lithium carbonate rose over 5% this morning to reach 161,500 yuan per ton, but has since retreated. Zimbabwe's lithium export ban has been in place for nearly a month with no news of it being lifted, which may exceed market expectations. Market analysts had expected the impact of adjustments to Zimbabwe's export policy to last around a month as of the end of February. According to the Shanghai Securities News, a Chinese company with lithium resources in Zimbabwe disclosed on March 24 that their local mines and lithium salt enterprises are still operating normally, but lithium concentrate exports remain suspended with no further details on the export ban. As for when exports can resume, all parties are currently in active discussions.