The "cold winter" is not over yet! Industry worries: lithium prices are still difficult to achieve a significant rebound this year.
① After experiencing two years of cyclical adjustments, many industry insiders predict that Lithium prices may still face challenges in 2025; ② With the ongoing surplus in Lithium supply, and the possibility that some mines might restart if prices rise, it means that this Battery Metal may still be unlikely to see a significant rebound this year.
China Nonferrous Metals Industry Association: In November, domestic lithium carbonate prices saw a slight rebound.
The effects of the trade-in policy have become apparent, and the production and sales of Batteries and Electric Vehicles continue to grow rapidly.
Most lithium battery stocks fell, with ganfenglithium (01772) dropping by 3.51%. Institutions point out that the overall industry profit outlook is still not optimistic.
Kingwoo Financial News | Most lithium battery stocks fell, with China Graphite (02237) down 7.95%, ganfenglithium (01772) down 3.51%, BYD Company (01211) down 2.46%, tianqi lithium corporation (09696) down 2.1%, tianneng power (00819) down 1.71%. Central China Securities research states that global and china's new energy vehicle sales continue to grow, and the development driving force of china's new energy vehicle industry is transitioning to product-driven; looking ahead to 2025, the demand for lithium batteries will continue to grow, with a focus on the demand in power and energy storage fields; in combination with capacity release and downstream demand growth rate, the industry chain price.
Hong Kong stocks move abnormally | China Graphite (02237) fell more than 10% in the morning trading session, after hitting a six-month high yesterday. The Ministry of Commerce announced strict scrutiny of graphite exports to the USA.
China Graphite (02237) rose more than 50% at one point yesterday, reaching a six-month high during the session. Today, it fell over 10% in the early session, down 9.09% as of the time of writing, priced at 0.4 Hong Kong dollars, with a transaction volume of 1.8757 million Hong Kong dollars.
China Graphite (02237.HK) soared 45%, mainland China implemented stricter scrutiny on dual-use items exported to the USA.
China Graphite (02237.HK) opened 13.7% higher today (4th), with the increase expanding, once rising by 50.7%, reaching a high of 0.55 yuan, the highest in over half a year. Currently reported at 0.53 yuan, a sharp increase of 45.21%, with a turnover of 18 million shares, involving 8.9492 million yuan.
Stock alert | China Graphite rose more than 34% to 0.49 Hong Kong dollars, hitting a high of 0.52 Hong Kong dollars on October 7th during trading hours.
On the news front, the Ministry of Commerce announced on December 3 that it has decided to strengthen export controls on relevant dual-use items to the usa.
Express News | Hong Kong stocks of China Graphite surged over 36%, reaching a new high since early October.
Will lithium carbonate manufacturers raise lithium carbonate long-term contract prices? The company responds.
November 20th by Gelonghui | According to China Securities Gemini, there was news recently that sichuan held a related meeting to raise the long-term contract price of lithium carbonate.
China Graphite Group Embraces Digital Corporate Communications
The dual catalysis of 'technology + demand' has once again brought a 'mini spring' to the industrialization process of solid state batteries.
As of today's closing, stocks related to solid state battery concept have risen by 2.64%. On November 7, Chongqing Changan Automobile and Tianneng New Energy jointly released solid state lithium battery technology without separator. This technology achieves for the first time in the industry the elimination of traditional liquid lithium battery separator by introducing a high-density composite solid-state electrolyte layer on the surface of the polarity sheet to replace the separator function.
China Graphite (02237): As of April 30, the total amount of proven, controlled, and inferred graphite mineral resources above 150 meters in altitude is approximately 12,205 thousand tons.
China Graphite (02237) announced that in 2023, the group has formulated an expansion plan, and has started at Beishan Mine...
China Graphite Group Unveils New Board Structure
China Graphite (02237.HK) appointed He Kaidong as an independent non-executive director.
On September 24, GeLongHui announced that Zhao Zhiqiao resigned as an independent non-executive director due to dedicating more time to other personal affairs, and no longer serves as the chairman of the board of directors' audit committee, member of the board of directors' nomination committee, member of the board of directors' compensation committee, and member of the board of directors' compliance committee, effective from September 24, 2024. On the same day, He Kaidong was appointed as an independent non-executive director, chairman of the audit committee, and member of the compliance committee, effective from September 24, 2024.
Citic Securities: Overseas lithium resources are being cleared at an accelerated pace, and expectations for a bottom in lithium prices are strengthening.
Citic Sec has released a research report stating that the lithium price rebounded in Q2 2024, which has driven the recovery of the overseas lithium mine supply chain. The lithium extraction from salt lakes companies in South America has seen a year-on-year increase in production in Q2 2024, leading to a recovery in performance.
The price of lithium carbonate futures has surged, with a single-day increase of nearly 0.03 million contracts. The rumor of production suspension at Contemporary Amperex Technology has been confirmed. Will there be a bottoming out and rebound?
① Market experts have stated that if there is a significant reduction in the output of lithium carbonate in the coming months, the destocking level in September and October may exceed expectations; ② As the consumer market enters the peak season of "Golden September and Silver October", the fundamentals have improved recently and a turning point in inventory has already emerged.
Quick Look at Mid-day Trading | The three major stock indexes in Hong Kong all fell, with oil and coal stocks declining; all three major oil companies saw a drop of over 5%, while Tianqi Lithium Corporation surged 12% against the market trend.
Network technology stocks generally fell, with SenseTime down nearly 3%, JD.com, Netease down nearly 1%, Tencent, Alibaba slightly down; Bilibili rose by over 1%, Meituan slightly rose.
CHINA GRAPHITE: 2024 INTERIM REPORT
China Graphite (02237.HK) reported total revenue of approximately 36.4 million yuan for the mid-term, a year-on-year decrease of 22.8%.
On August 28th, Gelunhui announced that as of June 30, 2024, the group's total revenue was approximately RMB 36.4 million, a year-on-year decrease of 22.8%; the group recorded a net loss of approximately RMB 16.2 million, compared to a net loss of approximately RMB 3.3 million in the same period last year. The loss per share is 1.01 cents. Faced with a severe business environment, the group actively resumed production after seasonal shutdowns, while continuing to reduce costs and increase efficiency. Nevertheless, under the comprehensive impact of the industrial landscape and market environment, the company's revenue and profit performance in the first half of the year have both declined compared to the same period last year.
China Graphite Group Reports Strong Mid-Year Results
CHINA GRAPHITE: ANNOUNCEMENT OF INTERIM RESULTSFOR THE SIX MONTHS ENDED 30 JUNE 2024