On September 24, GANFENGLITHIUM fell 3.02% in regular trading, trading at 32.06 HKD/share, with turnover of approximately 70.59 million HKD. The decline was driven by a confluence of negative catalysts weighing on the lithium sector.

On the news front, UBS recently further lowered its domestic lithium price forecast and cut GANFENGLITHIUM's target price to 44.28 HKD, while maintaining a \"Buy\" rating. The target price revision reflects institutional caution toward the lithium price outlook. The lithium carbonate market has moved in a counter-seasonal downtrend, with futures retreating over 40% from their highs over the past four months. Key headwinds include an adjustment in lithium carbonate inventory statistical methodology that surfaced over 90,000 tonnes of previously hidden inventory, rumors of major battery manufacturers trimming production schedules, and reports of energy storage order cancellations — all compounding bearish sentiment.

Within the Specialty Chemicals sector, peer TIANQI LITHIUM fell 2.22% on the same day, while HUABAO INTL dropped 6.56% and DONGYUE GROUP declined 1.63%. GLOBAL NEW MAT bucked the trend with a 2.45% gain.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)