Lithium stocks were higher in early trading. As of press release, Ganfeng Lithium (01772) rose 4.01% to HK$25.95; Tianqi Lithium (09696) rose 2.71% to HK$32.2.
The Zhitong Finance App learned that lithium stocks were higher in early trading. As of press release, Ganfeng Lithium (01772) rose 4.01% to HK$25.95; Tianqi Lithium (09696) rose 2.71% to HK$32.2.
According to the news, on May 8, the Ministry of Industry and Information Technology publicly solicited opinions on the regulations and administrative measures for the lithium battery industry (draft for comments). The draft for solicitation of comments mentions that guide enterprises to reduce manufacturing projects that simply expand production capacity, strengthen technological innovation, improve product quality, and reduce production costs; in addition, lithium battery companies spend no less than 3% of their main business revenue every year on R&D and process improvement.
According to the latest research report by Everbright Securities, judging from the marginal changes in profitability in the first quarter of 2024, profitability fluctuations in the midstream sector of most lithium battery materials have gradually narrowed, and showed a steady upward trend. In particular, segments such as lithium iron phosphate, electrolytes, and anodes all showed a month-on-month recovery in profitability.