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)
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