Shares of lithium battery, lithium miners rally on strong growth in first-half production
Shares of lithium battery, lithium miners rally on strong growth in first-half production

Shares of lithium battery, lithium miners rally on strong growth in first-half production

 

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Shares of Chinese lithium battery producers and lithium mining companies stage a rally after the latest data showed that China’s lithium-ion battery industry achieved a rapid growth in the first half of the year amid the country’s efforts to achieve carbon-peaking and carbon-neutrality goals.

In Hong Kong, BYD Electronics surged by as much as 12% before paring gains to 6.75% as of 11:34 am, local time. Ganfeng Lithium is up 2.5%, China Graphite up nearly 2%, Tianqi Lithium slightly higher. In the A-share market, aJiangsu Dagong, Anshan Heavy Duty Mining Machinery and FSPG Hi-Tech surge by the daily limit of 10%.

Latest data released by the Ministry of Industry and Information Technology showed that China’s lithium-ion battery output exceeded 280 GWh in the first half, surging 150% from a year earlier, and the industry’s revenue exceeded 480 billion yuan. Read more …