🔴 Contemporary Amperex Technology is trading 3.4% down today as falling lithium carbonate prices weigh on the sector

Contemporary Amperex Technology is trading at HK$616.00 (down 3.4%) as a sharp drop in lithium carbonate prices pressures the broader lithium battery sector.

• The move extends a multi-day pullback from levels above HK$700, tracking general weakness among Hong Kong-listed battery peers.
• The selling pressure persists despite recent bullish sentiment from Goldman Sachs, which initiated coverage with a Buy rating and a HK$946 H-share price target.