No Data
No Data
Express News | China's Tianqi Says Will Continue to Take Legal Measures Necessary to Defend Its Interests as an Investor
Express News | China's Tianqi Says Presenting an Appeal After Chile Cmf Regulator Rules Shareholder Approval Not Needed for Sqm-Codelco Lithium Deal
Founder Securities: Prices of non-ferrous industry and industrial metals are weakening, and gold prices are reaching new highs.
Domestic demand for industrial metals has entered the off-season, coupled with increasing expectations of a U.S. economic downturn. Industrial metal prices may remain weak, and attention can be paid to downstream demand changes in the off-season. In addition, the expectation of interest rate cuts is gradually fermenting, coupled with the weakening of the U.S. credit system, and the short-term gold price may maintain a high-level shock trend.
A stock midday review: The Chinext Price Index rose 0.1%, with more than 4300 stocks rising. The photovoltaic sector has triggered a wave of limit-up trading.
As of the midday closing, the Shanghai Composite Index fell 0.42% to 2889.62, the Shenzhen Component Index rose 0.13%, and the Chinext Price Index rose 0.1%. Over 4300 individual stocks increased.
HK stocks move | Tianqi Lithium Corporation (09696) rebounded by over 4%. The impact of the earthquake in Chile on local salt lake enterprises is limited. The company is the second largest shareholder of SQM.
Shares of Tianqi Lithium Corporation (09696) have rebounded more than 4%. As of the time of writing, they have risen 3.94% to HKD 21.1, with a turnover of HKD 12.9375 million.
Lithium battery stocks under pressure, BYD Electronic (00285) fell 3.7%. Cui Dongshu expects that the demand for electric vehicle batteries will grow slower than the total vehicle growth.
Jingu Finance News | Lithium battery stocks under pressure, BYD Electronic (00285) fell 3.7%, Tianqi Lithium Corporation (09696) fell 3.01%, Ganfeng Lithium (01772) fell 2.33%, and Zhongchuangxinhang (03931) fell 2.44%. Cui Dongshu, secretary general of the China Passenger Car Association, wrote that lithium battery installations in June 2024 reached 43 GWh, an increase of 30% YoY. The installation of ternary batteries was 11 GWh, accounting for 26%, which is lower than the same period last year. The installation of lithium iron phosphate batteries was 32 GWh, accounting for 74%, and the growth rate of ternary batteries has slowed down. The total lithium battery installations from January to June was 203 G, a YoY growth of 3.
No Data