Hong Kong Stock Market Movement | CATL (03750) fell nearly 6% Zimbabwe tightens lithium concentrate exports, potentially boosting lithium prices

LootboxPhobia · 2026-02-26T11:43:28+00:00

CATL's stock price drops nearly 6%, with reports indicating Zimbabwe has tightened lithium concentrate exports, leading to a sharp rise in lithium carbonate futures. Citic Securities analysts believe this will exacerbate China's lithium supply shortage and drive up lithium prices, while Lyon's view is that the recent weak stock performance has already reflected the unfavorable factors.

LootboxPhobia

2026-02-26 11:43:28

Abstract generation in progress

CATL (03750) fell nearly 6%. As of the time of publication, it dropped 5.82% to HKD 502, with a trading volume of HKD 876 million.

On the news front, Zimbabwe tightened lithium concentrate exports, causing lithium carbonate futures to surge over 11% this morning, reaching a high of 187,700 yuan/ton. CITIC Securities believes that the country’s export ban on lithium mines will lead to a short-term tightening of lithium carbonate supply in China, potentially driving lithium prices significantly higher. A previous research report by Lyon pointed out that CATL’s stock performance has been flat since the beginning of the year, and believes that the weak stock price largely reflects recent adverse factors, including slowing electric vehicle sales in China, rising lithium prices, and reduced VAT rebates on battery exports.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.