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GANFENGLITHIUM Opens 11% Higher, as CATL's Yichun Project Suspends Mining
Recommend 13 Positive 21 Negative 21 |
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CATL (03750.HK) suspended mining operations at its Yichun project after the mining license expired on August 9. The news spurred GANFENGLITHIUM (01772.HK) to open 11.24% higher today (11th), at HKD31.28, with a trading volume of 1.3578 million shares, involving HKD42.472 million. TIANQI LITHIUM (09696.HK) opened 14.97% higher, at HKD47.16, with a trading volume of 505,200 shares, involving HKD23.8252 million. CATL stated that it is in the process of applying for the renewal of the mining license in accordance with relevant regulations and will resume production as soon as approval is obtained. The company also noted that this matter has minimal impact on its overall operations. Its stock opened 0.98% higher today, at HKD411, with a trading volume of 24,000 shares, involving HKD9.843 million AASTOCKS Financial News Website: www.aastocks.com |
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