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Changes in Hong Kong stocks | Lithium battery stocks fall collectively, Yabao's latest lithium auction discount agency says the pattern of excess supply and demand for lithium carbonate remains unchanged throughout the year
Lithium stocks declined collectively. As of press release, Ganfeng Lithium (01772) fell 4.77% to HK$21.95; China Airlines (03931) fell 2.68% to HK$13.06; and Tianqi Lithium (09696) fell 2.62% to HK$35.35.
Bank of America Securities: Optimistic about aluminum prices, China's Hongqiao raised the target price to HK$11.5
Bank of America Securities released a research report saying that in the second quarter, the global commodities team updated their metal price forecasts. The macroeconomic and energy transition will drive metal prices, and we are still optimistic about copper and gold. It is expected that by 2025, the price of copper will exceed 10,000 US dollars/ton, and the price of gold will exceed 2,500 US dollars/ounce. The bank is optimistic about aluminum prices and expects China's aluminum demand to increase by 2% in 2024. However, they have a neutral view of lithium and are wary of steel. The bank listed Zijin Mining (02899), Shandong Gold (01787), and China Aluminum (02600) as the preferred metal/mining stocks, and is optimistic
Ganfeng Lithium (01772.HK) held a board meeting on April 29 to review and approve the first quarter report
Gelonghui, April 16, 丨 Ganfeng Lithium (01772.HK) announced that the board meeting will be held on April 29, 2024 (Monday) to review and approve (among other things) the first quarter report of the company and its subsidiaries for the three months ended March 31, 2024 and/or other issues (if applicable).
贛鋒鋰業:董事會會議召開日期
Changes in Hong Kong stocks | Lithium stocks generally fell in early trading Ganfeng Lithium (01772) fell more than 5% Tianqi Lithium (09696) fell more than 3%
Lithium stocks generally declined in early trading. As of press release, Ganfeng Lithium (01772) fell 4.2% to HK$23.9; Tianqi Lithium (09696) fell 2.4% to HK$36.6.
Yamato: Reiterates Ganfeng Lithium's (01772) “Outperform the Market” rating target price drop to HK$29
The Zhitong Finance App learned that Daiwa released a research report stating that it reaffirmed Ganfeng Lithium's (01772) “outperforming the market” rating, and that the company's new low-cost project is expected to bear fruit from 2024 to 2026. However, due to the reduction in the government subsidy forecast, the earnings forecast per share for this year was lowered by 20%, and the target price dropped from HK$29.5 to HK$29. Ganfeng Lithium will disclose its first-quarter results on April 29. The bank estimates that the company's recurring net profit for the first quarter without taking into account one-time impairment was 530 million yuan. Yamato pointed out that although it agreed with Ganfeng Lithium's judgment that as the average selling price of spodumene dropped to less than 1,000 per ton
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