Lithium mining sector experiences a significant drop, multiple lithium mining companies respond: supply exceeds demand, business operations are normal

On January 30th, the lithium mining sector experienced a significant drop, with lithium mining stocks falling more than 6% by 14:40. Companies like Western Mining, China Molybdenum, and Tianqi Lithium all fell more than 7%. In response to this, several lithium mining companies such as Ganfeng Lithium and YaHua Group told reporters from China Securities Daily and Zhongzheng Jin Niu that their production and operations were all normal. One company, whose spokesperson wished to remain anonymous, told reporters, "Demand for our products exceeds supply, production and sales are normal, and we currently have no inventory." Shanghai Steel Union data shows that since the second half of 2025, the price of battery-grade lithium carbonate has continued to rise from around 70,000 yuan per ton to around 170,000 yuan per ton. Industry insiders believe that the rebound in lithium carbonate prices is expected to boost the performance of production companies that have their own mines and salt lakes.