HK Stock Market Move | The resumption of production in Jianxiao Mine continues to disrupt news, causing Tianqi Lithium Corporation (09696) to fall more than 6% and Ganfeng Lithium Group (01772) to fall more than 4%.

Lithium mining stocks fell, as of press time, Tianqi Lithium Corporation (09696) fell by 6.17%, to HKD 42; Ganfeng Lithium Group (01772) fell by 4.54%, to HKD 54.65. On the news front, yesterday the main contract for lithium carbonate fluctuated and fell before rising to 161,700 yuan/ton, and today fell again to around 155,000 yuan. According to a report by Jiemian News, the Jiangxi Provincial Department of Natural Resources Land Use Control Division recently obtained the "Construction Project Land Pre-examination and Site Selection Opinion" for the Jiansi Xiaowo Lithium Mine project from Yichun Era New Energy Mining Co., Ltd. The validity period is from June 17, 2026 to June 17, 2029. Sinolink Futures believes that the current biggest variable comes from the progress of the Xiaowo Mine restarting. The previous expectation of no restart within the year has been broken, so the market needs to recalculate. If production is completed in the fourth quarter, there will be significant pressure on the supply, leading to a noticeable impact on prices. The current market demand expectations are already high, so if there is no sustained outperformance, there may be a certain decline in prices.