01772 GANFENGLITHIUM
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J.P. Morgan sold 1,672,600 H-shares of Ganfeng Lithium (01772.HK) with a value of approximately HK$43.061 million
On December 1, according to documents disclosed by the Hong Kong Stock Exchange on December 1, JPMorgan Chase & Co. (JPMorgan Chase & Co.) sold a total of $1,672,600 H shares of $1,672,600 shares in Ganfeng Lithium (01772.HK) on November 27 at an average price of HK$25.7492 per share on the market and HK$27.7661 per share, worth about HK$43.681 million. After the sale, the latest number of shares held by J.P. Morgan Chase was 19.297 million shares, and the good position ratio fell from 5.19% to 4.77%. Additional Information: JP Morgan
Ganfeng Lithium (002460.SZ): Not yet participating in the Guangzhou Futures Exchange lithium carbonate trading
On December 1, Gelonghui, Ganfeng Lithium (002460.SZ) held the 2nd Extraordinary General Meeting of Shareholders in 2023 on November 30, 2023, on “Has the company participated in the Guangzhou Futures Exchange lithium carbonate futures trading?” The company replied that up to now, the company has not participated in lithium carbonate trading on the Guangzhou Futures Exchange.
Ganfeng Lithium (002460.SZ): Still optimistic about future commercial applications of solid-state batteries
On December 1, Gelonghui, Ganfeng Lithium (002460.SZ) held the 2nd Extraordinary General Meeting of Shareholders in 2023 on November 30, 2023, on “How is the company's current battery progress?” The company replied that the company's batteries are mainly used in fields such as energy storage, consumption, and power batteries. Judging from the direction of battery development, although solid-state batteries are difficult to develop, their performance is also very superior, so the company is still optimistic about future commercial applications of solid-state batteries, and the company is also actively seeking cooperation with car companies on solid-state batteries.
Ganfeng Lithium (002460.SZ): Future Cauchari-Olaroz project will directly produce battery-grade products
Gelonghui December 1 | Ganfeng Lithium (002460.SZ) held the 2nd Extraordinary General Meeting of Shareholders in 2023 on November 30, 2023 to discuss “Is the product of the Cauchari-Olaroz project industrial grade lithium carbonate or battery grade lithium carbonate?” The company replied that the product produced by the company's Cauchari-Olaroz project is industrial-grade lithium carbonate, which is sold after being shipped back to the country for reprocessing. In the future, the Cauchari-Olaroz project will directly produce battery-grade products.
Ganfeng Lithium (002460.SZ): At present, the PPG project in Argentina has officially started and construction has begun, and it is expected that it will be put into operation two years after construction officially begins
On December 1, Gelonghui, Ganfeng Lithium (002460.SZ) held the 2nd Extraordinary General Meeting of Shareholders in 2023 on November 30, 2023, on “How is the company building in Argentina?” The company replied that at present, the PPG project in Argentina has officially started and construction, and it is expected that it will be put into operation two years after construction officially begins. The first phase is still the salt field model, and it is not ruled out that more lithium extraction processes will be considered later to achieve the effects of increasing profits and saving energy consumption significantly. The Mariana project is under construction, and there is still uncertainty about when the final production will be put into operation, but overall the project is still according to the original plan
The biggest drop is nearly 80%! The target prices of the two Hong Kong-stock lithium battery companies were lowered by the agency
While the price of lithium carbonate continues to fall, Jefferies published a report. It expects further adjustments in lithium prices in the short term, downgrading the “lithium industry's two leaders” Tianqi Lithium and Ganfeng Lithium from “buying” to “outperforming the market”, and drastically cutting the target prices of both. Among them, Ganfeng's target price was lowered 78% to 17.33 yuan from 79.65 yuan; Tianqi's target price was lowered 59% to 32 yuan.
Develop Global Secures AU$46 Milliion Underground Development Contract; Shares Fall 4%
Develop Global (ASX:DVP) secured a AU$46 million underground development contract for a joint venture between Mineral Resources (ASX:MIN) and Ganfeng Lithium (HKG:1772). The contract will establish an
Bank Ratings｜Furui: Downgrading Ganfeng Lithium and Tianqi Lithium to “outperform the market”, drastically lowering target prices and profit estimates
Glonghui, December 1 | Jefferies published a report that expects further adjustments in lithium prices in the short term, downgrading Ganfeng Lithium and Tianqi Lithium from “buying” to “running out of the market” and drastically cutting the target prices of both. Among them, Ganfeng's target price was lowered 78% from HK$79.65 to HK$17.33; Tianqi's target price was lowered 59% from HK$78 to HK$32. According to the report, the price of lithium carbonate in the mainland plummeted from 500,000 yuan per ton at the beginning of the year to 120,000 yuan at the end of November, a drop of 75%. The price recovery that occurred in the middle of this year was only brief. Demand for batteries in mainland China is still strong, but lithium demand is affected by inventory removal from the supply chain, for example
Changes in Hong Kong stocks | Lithium battery stocks continue to fall, Ganfeng Lithium (01772) falls more than 4%, lithium carbonate futures continue to reach new lows
Lithium battery stocks continued to decline. As of press release, Ganfeng Lithium (01772) fell 4.2% to HK$23.95; Tianneng Power (00819) fell 3.12% to HK$6.22; and China Innovation Airlines (03931) fell 2.15% to HK$18.2.
Express News | Jefferies downgraded Ganfeng Lithium's Hong Kong stock rating to a backward market; the target price was HK$17.33, or a decrease of 31%; and Tianqi Lithium's H-share rating was downgraded to a lagging market. The target price was HK$32, or a drop of 16%.
Ganfeng Lithium (002460.SZ): The Mexican Ministry of Economy still maintains the cancellation of the company's mineral concession and decides that the company may take measures such as international arbitration or administrative litigation
Ganfeng Lithium (002460.SZ) issued an announcement. In August 2023, the Mexican General Administration of Mining told the company in Mexico...
Hong Kong stock concept tracking | Dive the 100,000 yuan mark! The futures price of lithium carbonate continues to fall, and when will the inflection point in lithium prices arrive? (with concept stock)
The main contract for lithium carbonate fell below the 110,000 mark and fell nearly 4% during the day, continuing to hit a new low since listing.
Lithium carbonate futures fell below record lows! Will spot trading clear the price below 100,000 next year?
Lithium carbonate futures “continue to fall”. The lithium carbonate futures LC2401 closed today at 10,8850 yuan/ton, a new low since listing. The average price of spot electricity and carbon was reported at 134,000 yuan/ton, a new low this year. This decline may continue. According to Zhang Xiaofei, chairman of Gaogong Lithium Battery, predicted that lithium carbonate may fall to 100,000 yuan/ton in the second half of 2024.
A lot of calls have started, and Cybertruck is about to be released! Is Tesla's industrial chain expected to benefit?
Investment bank Wedbush said that the launch of Cybertruck is very important for Tesla's overall growth over the next few years, and will also prove to skeptics that as more and more consumers choose electric vehicles in the next few years, Musk can successfully expand Tesla's halo effect.
Longzhou Co., Ltd. (002682.SZ): There is no business cooperation with Ganfeng Lithium
Gelonghui November 29丨Longzhou Co., Ltd. (002682.SZ) stated on the investor interactive platform that the company has no business cooperation with Ganfeng Lithium.
Factors such as Goldman Sachs lowered Ganfeng Lithium's target price and A-share ratings said lithium prices affected profit prospects
Glonghui, November 29 | Goldman Sachs lowered Ganfeng Lithium's profit forecast for 2023-2025 by 39% to 55% to reflect the latest lithium price forecast, project progress, and salt lake project cost increase factors; downgraded its A-share rating to neutral, maintained its H-share buying rating, and sharply lowered the target prices for A-shares and H-shares. The target price for Ganfeng Lithium H shares was lowered from HK$58 to HK$37, and the target price for A shares from RMB 70 to $44.
CITIC Securities: Lithium prices are expected to fall below 100,000 yuan/ton in 2024. Focus on industry mergers and acquisitions integration trends
The Zhitong Finance app learned that CITIC Securities released a research report saying that in the third quarter of 2023, the continued decline in lithium prices triggered South American salt lake lithium companies to lower their operating guidelines.
[Futures Hot Spot Tracking]] Lithium salt plants continue to accumulate lithium carbonate and open sharply lower
A number of agencies said that the global supply and demand of lithium carbonate will be nearly 200,000 tons next year. Under pessimism, lithium carbonate futures are likely to fall below the 100,000 yuan/ton mark.
The price of lithium batteries fell to the biggest drop in 2018. What are the differences behind this sharp decline?
The average battery pack price fell to $139 per kilowatt-hour this year, down 14% from $161 in 2022.
Hong Kong lithium battery stocks fell, Ganfeng Lithium fell more than 3%, institutions say the lithium price center will move down next year
① The price of lithium carbonate futures hit a new low since listing. What problems have the industry's supply and demand encountered? ② Hong Kong lithium battery stocks declined collectively. How do institutions view the sector's subsequent market?