Changes in Hong Kong stocks | Ganfeng Lithium (01772) fell by more than 4%, suspected insider trading case transferred to lawsuit, lithium carbonate futures continued to decline

The Zhitong Finance App learned that Ganfeng Lithium (01772) fell by more than 4%. As of press release, it was down 4.11% to HK$52.55, with a turnover of HK$234 million.

According to the news, on the evening of December 29, Ganfeng Lithium issued an announcement. The company received a notice of transfer and prosecution from the Yichun Public Security Bureau on December 29: The case has been referred to the procuratorial authorities for examination and prosecution on suspicion of the crime of insider trading. Ganfeng Lithium said that up to now, the company's various production and operation activities have maintained normal and orderly operation. The matters involved in this case are specific historical events that have been disclosed by the company earlier, and are not expected to affect the normal production and operation of the company. According to reports, Ganfeng Lithium is suspected of insider trading this time, mainly involving stock trading with Jiangte Electric, another company in the lithium battery industry chain.

Furthermore, the price of lithium carbonate surged up and fell yesterday. At the end of the session, lithium carbonate futures plummeted again this morning. As of press release, it had dropped nearly 6% to 119.200 yuan/ton. According to Huatai Futures, sodium electricity replacement has become a new topic. Due to the sharp rise in the price of lithium carbonate, sodium electricity economy has returned again, and it is mainly aimed at improving the energy storage process, and may replace a certain demand for lithium batteries in the future. Overall, the recent price of lithium carbonate has been greatly affected by news and funding. Fundamentals have not changed much, and the supply of lithium carbonate will still show a slight excess in 2026.