Express News | JPMorgan Chase & Co's Short Position in H Shares of Ganfeng Lithium Decreases to 2.35% on Oct 9 From 3.26% - HKEX

ReutersOct 15 05:32 ET

HK Stocks Alert | Low lithium prices drag down lithium carbonate production, tianqi lithium corporation (09696) and ganfenglithium (01772) both drop nearly 4%.

Lithium stocks fell today, as of the publication deadline, tianqi lithium corporation (09696) dropped by 3.36%, to HK$25.9; ganfenglithium (01772) fell by 3.44%, to HK$21.05.

Zhitong FinanceOct 14 02:56 ET

Goldman Sachs: Maintains a "buy" rating on Zijin Mining Group and Baosteel, and gives Ganfeng Lithium and CNBM a "neutral" rating.

Goldman Sachs's research report expects that the replacement of old air conditioners and home appliances with new ones in the next few months will significantly impact the demand for copper, aluminum, lithium, and flat steel in mainland China. On the other hand, the trend in construction demand has not shown signs of improvement yet and appears to continue on its current multi-year adjustment path, therefore the bullish outlook for demand for construction steel, iron ore, and cement is expected to be limited. The firm believes that for every 10% increase in sales of air conditioners and home appliances, electric vehicles, and autos, a 10% acceleration in grid distribution, as well as the potential implementation of urban underground pipeline renovation plans, will increase mainland China's demand for copper by 4.3% and aluminum demand by

Gelonghui FinanceOct 14 02:29 ET

Ganfeng Lithium (002460.SZ): Ganfeng Lithium and jiangxi Shenghua intend to jointly invest in establishing a joint venture company.

On October 10th, Ganfeng Lithium (002460.SZ) announced that in order to further implement the industrial project cooperation between the company and Fulin Precision, and to maximize the advantages of the project cooperation, the company and Fulin Precision designated holding subsidiary Jiangxi Shenghua New Materials Co., Ltd. (referred to as "Jiangxi Shenghua") as the investment subject to jointly implement the relevant cooperation under the original "Project Investment Cooperation Agreement" (referred to as the "original agreement"), and supplemented and amended the relevant content of the original agreement. The company and Fulin Precision and the holding subsidiary Jiangxi Shenghua recently signed the "Project Investment Cooperation Agreement Supplementary Agreement". Jiangxi Shenghua and the company intend to or as designated by it

Gelonghui FinanceOct 10 07:02 ET

Rio Tinto's Planned Acquisition of Arcadium to Mark New Phase for Lithium Industry, Says Mizuho

MT NewswiresOct 10 02:22 ET

Lithium stocks are trending up, Tianqi Lithium Corporation (09696) rose by 3.23%. Citic Securities indicates limited downside space for lithium prices.

The Lithium stocks are doing well, with Tianqi Lithium Corporation (09696) rising by 3.23% and Ganfeng Lithium (01772) rising by 3.23%. Citic Securities released research reports stating that Rio Tinto announced the acquisition of the global leading lithium mine company Arcadium Lithium for $6.7 billion, a 90% premium over Arcadium's closing price on October 4. Rio Tinto has strong financial strength and international operation experience, and it is expected that there will be certain synergies after the merger. The bank believes that this premium acquisition demonstrates overseas mining companies' optimistic attitude towards lithium prices, which will bring more confidence to the market, lithium.

Golden Guardian Financial NewsOct 9 21:40 ET