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Guotou Securities: production and sales volume increased year-on-year, lithium concentrate prices under pressure.
As global lithium mining exploration and production projects are gradually completed and put into operation, the continuous increase in resources has led to stable growth in production and sales of mining companies. However, the continuous decline in sales prices has further boosted sales while dragging down the company's performance.
Under pressure from the lithium battery sector, Ganfeng Lithium (01772) fell 3.2%. Institutions point out that the current lithium carbonate market is still in a state of oversupply.
Jingu Caixun | The lithium battery sector is under pressure, Leoch Int'l (00842) fell by 6.06%, Ganfeng Lithium (01772) fell by 3.2%, China Graphite (02237) fell by 3.06%, BYD Electronic (00285) fell by 2.63%, Tianqi Lithium Corporation (09696) fell by 2.71%. According to Guosen Securities, as of June 14th, the average price of lithium carbonate was 98,500 yuan/ton, a week-on-week decrease of 2.64% and a month-on-month decrease of 9.86%. The current lithium carbonate market is still in a state of oversupply, making it difficult to support the price of lithium carbonate. As of June 13th,
China Graphite has entered into framework agreements with four companies for potential investment and business cooperation relating to graphite.
China Graphite (02237) announced that on June 17, 2024, the company's indirectly wholly-owned subsidiary, Heilongjiang Baoquanling Agroforestry Yixiang New Energy Materials Co., Ltd. (Yixiang New Energy), entered into four non-legally binding framework agreements with Qingdao Xintaihe Nanotechnology Co., Ltd. (Qingdao Xintaihe), Beijing Chuangshi Hongjing Investment Consulting Co., Ltd. (Beijing Chuangshi), Beijing Zhongjing Ruiji Biotechnology Co., Ltd. (Beijing Zhongjing) and AST (Hong Kong) Technologies Limited (AST) regarding potential investments in a project located in Heilongjiang.
Selected Announcement of Grong Hui (Hong Kong Stock): CRRC Corporation (01766.HK) signed contracts totaling approximately 43.62 billion yuan from March to June.
Today's focus: CRRC Corporation (01766.HK) signed contracts totaling approximately RMB 43.62 billion from March to June 2024, according to the announcement by CRRC Corporation (01766.HK). The total amount of the above contracts accounts for approximately 18.6% of the company's revenue in 2023 under Chinese accounting standards. Major events: China Graphite (02237.HK) signed four framework agreements, Cassava Res (00841.HK) will establish a joint venture in Laos, and China Ecotour (01371.HK) revealed...
China Graphite (02237.HK) signed four framework agreements.
On June 17, Guolonghui reported that China Graphite (02237.HK) announced that on June 17, 2024, the company's indirectly wholly-owned subsidiary, Heilongjiang Baoquanling Agricultural Reclamation Yixiang New Energy Materials Co., Ltd., and Qingdao Xintaihen Nano Technology Co., Ltd. (Qingdao Xintaihe), Beijing Chuangshi Hongjing Investment Consulting Co., Ltd. (Beijing Chuangshi), Beijing Zhongjingruiji Biological Technology Co., Ltd. (Beijing Zhongjing), and AST (Hong Kong) Technologies Limited (AST) have entered into four non-legally binding framework agreements related to potential technology cooperation.
Express News | China Graphite- Deal for Potential Investment in Production Facilities and Operation of Graphite Mine in Heilongjiang Province, Among Others
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