Ganfeng leads slide in lithium miners on easing supply concerns

About this update from Zangge Mining Company Limited Class A

** Shares of Ganfeng Lithium SZSE:002460 drop 8.7% to HK$33.3, leading slide in Hong Kong-listed lithium miners and related products makers ** Ganfeng on track for the biggest one-day pct drop since April 7, top pct loser on Hang Seng material index (.HSCIM) ** Shenzhen-listed shares SZSE:002460 slip 5% ** Hong Kong stock of Tianqi Lithium SZSE:002466 falls 8.2% to HK$39.86, lowest since September 5** Tianqi Shenzhen stock SZSE:002466 eases 6% ** Shares of Zangge Mining SZSE:000408 declines 3.4% to 53.9 yuan, lowest level since September 5** Chinese battery giant Contemporary Amperex Technology (CATL) is expected to soon resume production at a lithium mine in Yichun in southern China's Jiangxi province, state media Securities Times reported ** CATL did not immediately respond to request for comment** CATL suspended operations at the Jianxiawo lithium mine after a licence expired on August 9, sparking a surge in lithium futures prices and the share prices of lithium miners** CATL Hong Kong shares SZSE:300750 climbs 2.6% to HK$442.4, highest level since August 29, while Shenzhen stock SZSE:300750 adds 0.6% to 322 yuan

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