On September 8, GANFENGLITHIUM rose 3.13% in regular trading, trading at 37.52 HKD/share, with turnover of approximately HKD 85.28 million. Peer stock Tianqi Lithium also advanced 1.68%, reflecting improved sector sentiment.
On the news front, a Brazilian court issued an emergency injunction on September 5, suspending all environmental permits and mining operations at Sigma Lithium's Grota do Cirilo mine. The mine is the largest hard-rock lithium deposit in the Western Hemisphere, with Phase 1 annual capacity of 35,000 tonnes of lithium carbonate equivalent, making it a critical source of global lithium supply. The unexpected shutdown has fueled market expectations of near-term supply tightening.
On the fundamental side, GANFENGLITHIUM reported H1 revenue of RMB 23.097 billion, up 175.75% year-over-year, with net profit attributable to shareholders of RMB 4.257 billion, a dramatic swing from a loss of RMB 531 million in the prior-year period, representing growth of 901.36%. The earnings turnaround was primarily driven by a recovery in lithium product prices and near-full utilization of lithium battery operations.
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