Changes in Hong Kong stocks | Lithium stocks generally fell in early trading, and lithium prices faced downward pressure in the short term, and the resumption of production at Jianxiawo lithium mine may take longer than expected

The Zhitong Finance App learned that lithium stocks generally declined in early trading. As of press release, Ganfeng Lithium (01772) fell 3.3% to HK$35.76; Tianqi Lithium (09696) fell 3.44% to HK$33.72.

According to the news, Xiaomo released a report on China's lithium industry, stating that as of September 8, the price of lithium carbonate futures had dropped 10% to 140,500 yuan per ton. Although the uncertainty about the resumption of production at the Jianxiawo lithium mine under the Ningde Era should support the view that supply is tight, Shanghai Nonferrous Metals Network (SMM) revised the inventory classification, increasing the reported inventory by about 94,000 tons compared to the previous series, and the market focus changed back to inventory and demand verification. Although the new framework still shows inventory removal, the headline data on the increase in total inventory volume exceeded market expectations, triggering emotion-led sales since last Friday (September 4).

Xiaomo believes that lithium prices may decline to 130,000 to 135,000 yuan per ton in the short term, but the mid-term outlook is still supported by downstream demand, especially energy storage systems (ESS). On the supply side, Komo pointed out that according to Mysteel reports, after the EIA for the Jianxiawo lithium mine was cancelled on August 26, the market's discussions on resuming production became more clear. According to the bank's channel investigation, the Jianxiawo lithium mine had previously resumed production in a low-key manner, but now work has stopped again. The schedule for resuming production is still subject to further supervision and environmental review, and has not yet been confirmed. The schedule for resuming production of other Jiangxi lithium mica projects that require renewal may also be longer than expected.