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Express News | JPMorgan Chase & Co's Long Position in H Shares of Ganfeng Lithium Reduces to 13.43% on June 25 From 14.04% - HKEX
Hong Kong stocks fluctuate | Ganfeng Lithium (01772) has fallen by over 4% as its Mexican mining rights were previously revoked. The company has once again initiated arbitration proceedings with ICSID.
Ganfeng Lithium (01772) is currently down more than 4%. As of writing, it has fallen by 4.38% to HKD 15.3, with a turnover of HKD 112 million.
Express News | Mexican President Lopez Obrador Says Government Will Seek Agreement, Defend Mexico's Rights in Arbitration With Chinese Firm Over Concession to Mine Lithium
Hong Kong stock market anomaly | Lithium industry stocks fell today, actual reduction of lithium salt factories is limited, and lithium prices are expected to remain weak in the short term.
According to the Wisdom Investing app, lithium stocks fell today. As of press time, Tianqi Lithium Corporation (09696) fell 3.8%, to HKD 24.05; Ganfeng Lithium (01772) fell 3.33%, to HKD 16.34. On June 27th, the main contract for lithium carbonate futures fell again below the 90,000 yuan level. Yesterday, the main contract for lithium carbonate futures, 2407, rose by more than 5%, to 92,550 yuan/ton. Zhicun Lithium Group recently announced that due to the summer flood season, in order to ensure the safe and stable operation of the production line, and improve product quality and production efficiency, regular summer maintenance plans will be carried out annually.
As lithium battery sector comes under pressure, ganfenglithium (01772) drops by 2.5%. Institutions suggest that the sector is undervalued, and under pressure from raw material prices, lithium battery companies may benefit.
Lithium battery sector is under pressure at the beginning of the market, with Ganfeng Lithium (01772) falling 2.50%, BYD Electronic (00285) falling 2.11%, Tsaker NE (01986) falling 1.87%, Zhongchuang Inno-Aircraft (03931) falling 1.49%, Tianqi Lithium Corporation (09696) falling 1.40%.
Hong Kong stocks closed (06.26) | Hang Seng Index rose 0.09%, lithium industry stocks soared, NetEase-S (09999) surged 6%, leading the blue-chip stocks.
Zhitong Finance APP learned that the Hong Kong stock market opened under pressure today, but then fluctuated and strengthened, with the three major indices turning red successively. Among them, the Hang Seng Tech Index performed the strongest, rising 1.42% at one point during the day. As of the close, the Hang Seng Index rose 0.09% or 17.03 points, closing at 18089.93 points, with a daily turnover of HKD 95.15 billion; the Hang Seng China Enterprises Index rose 0.2% to 6477.24 points; the Hang Seng Tech Index rose 0.94% to 3689.68 points. Guotai Junan pointed out that as China's economic and policy uncertainties decrease, the sentiment in the Hong Kong stock market is recovering. In overseas markets, major central banks have successively launched their first
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151453268 witso : Pls was definitely on the radar a while back but the thought of a slow recovery due to renewable uptake uncertainty, governments and market hold ups made it disappear, i do like Renascor resources graphite due to the potential supply side and china cant continue to dilute the price for ever when they kick off maybe a watch.