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On June 26, lithium battery concept stocks continued their downward trajectory, with the lithium mining sector bearing the brunt of the losses. Yongshan Lithium and Rongjie shares plummeted to their limit down, while Haike Xinyuan, Ronbay Technology, and several other companies also witnessed significant declines. At the Guangzhou Futures Exchange, the main contract for lithium carbonate experienced a sharp drop, falling by over 6% during intraday trading. On the news front, the anticipated resumption of production at the Jianxiawo lithium mine has heightened concerns over a potential oversupply in the market. Consequently, the main contract for lithium carbonate has seen a substantial decline, shedding nearly 60,000 yuan per ton from its peak for the year.
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