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GANFENGLITHIUM Plummets 10% as Mainland CN Lithium Iron Phosphate Industry Advances 'Anti-Involution'
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The China Industrial Association of Power Sources recently held a seminar to jointly discuss effective paths for "anti-involution" and issued a notice requiring companies to use the industry average cost range disclosed by the association on November 18 as an important reference for pricing, and not to break the cost red line for low-price dumping. GANFENGLITHIUM (01772.HK) opened lower by 6.1% this morning (21st). With the plunge deepening, the stock bottomed at HKD51.85. It last reported at HKD52.05, down 10.49%, with a trading volume of 6.5987 million shares, involving HKD354 million. TIANQI LITHIUM (09696.HK) last quoted at HKD49.36, down 7.82%. CATL (03750.HK) last traded at HKD466.2, down 3.48%. AASTOCKS Financial News Website: www.aastocks.com |
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