Streetbeat News

GNENF

Ganfeng Lithium Group Co. Ltd.

http://www.ganfenglithium.com/

Industry

Dimension Stone Mining and Quarrying

Open

2.80

Mkt cap

8.4B

Volume

857

High

2.80

P/E Ratio

-22.79

52-wk high

3.85

Low

2.73

Div yield

0.02

52-wk low

1.75

Pilbara Minerals (OTC:PILBF) plans to invest $800 million to expand its Pilgangoora lithium operation in Australia, aiming to significantly increase production capacity. The expansion aligns with the growing demand for electric vehicle batteries. Pilbara is also exploring a partnership with Ganfeng Lithium (OTCPK:GNENF) for a lithium conversion facility.

Portfolio Pulse from Stjepan Kalinic

June 21, 2024 | 7:25 pm

Lithium Americas (Argentina) Corp (NYSE:LAAC) is gaining attention as a strategic investment in the lithium sector following its split from Lithium Americas Corp. (NYSE:LAC). LAAC's Caucharí-Olaroz project is near completion, with 95% of capital deployed, and is expected to start generating revenue by mid-2023. In contrast, LAC faces high-interest rates and won't start production at Thacker Pass until 2026. LAAC's first quarterly report post-split showed a net income of $6.6 million, indicating financial resilience despite a recent drop in lithium carbonate prices. The company's partnership with China's Ganfeng Lithium Group (OTCPK:GNENF) adds geopolitical complexity.

Portfolio Pulse from Surbhi Jain

November 22, 2023 | 4:21 pm

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