Tibet Mining's stock price tumbles, company responds

Tibet Mining's stock price plunges. As of the close of trading on July 9, the company's stock price was reported at 23.49 yuan per share, with a decrease of 4.82% at the close. On the news front, in recent days, both lithium carbonate futures and spot prices have continued to decline. On July 9, GFEX lithium carbonate futures closed down 5.39%. In addition, the company's performance has been volatile, with a full year loss in 2025. Furthermore, some market views believe that the progress of the second phase of Zabuye's production capacity is not meeting market expectations. In response to this, Tibet Mining stated to reporters that for lithium carbonate prices, reference can be made to third-party agency quotations, and the company has signed long-term contracts with some customers. From a seasonal perspective, the output of lithium concentrate will be higher at the end of the year. Zabuye's second phase production capacity and output are currently in the ramp-up stage. Follow-up developments shall be subject to the company's announcements.