Ganfeng Lithium Set to Continue Benefiting From Likely Higher Lithium Prices -- Market Talk

Dow Jones
Aug 26

0555 GMT - Ganfeng Lithium should continue to benefit from likely higher lithium prices, Nomura's Ethan Zhang says in a research report. Its stock price has rallied sharply over the past 60 days on a rebound in lithium prices, the analyst notes. The brokerage sees near-term potential upside for lithium prices owing to mining-scope issues for lithium lepidolite projects in China's Jiangxi. Nomura raises the Hong Kong-listed stock's target price to HK$31.00 from HK$23.40 based on estimated 1.3X 2026 book value per share, versus 1.0X previously, with an unchanged neutral rating. It also raises the China-listed stock's target price to CNY41.00 from CNY33.00, with an unchanged neutral rating. The H-shares are 2.9% lower at HK$30.08. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

August 26, 2025 01:55 ET (05:55 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10