Ganfeng Lithium Group Co., Ltd.

002460

CNE100000SF6

Commodity Chemicals

End-of-day quote Shenzhen S.E. Other stock markets 03:30:00 17/06/2024 am IST			5-day change	1st Jan Change
31.66 ^CNY	+0.35%		-1.80%	-26.03%

17/06	Mali Government Conditionally Approves Sale of Leo Lithium's 40% Stake in Goulamina Project to Ganfeng	MT
10/06	Ganfeng Lithium to Raise Subsidiary's Capital by $600 Million	MT

Ganfeng Lithium Group Co., Ltd. acquired remaining 60% stake in Inner Mongolia Autonomous Region Anda New Energy Technology Co., Ltd. from Guizhou Anda Technology Energy Co., Ltd. for CNY 1.

May 10, 2024

Ganfeng Lithium Group Co., Ltd. (SZSE:002460) acquired remaining 60% stake in Inner Mongolia Autonomous Region Anda New Energy Technology Co., Ltd. from Guizhou Anda Technology Energy Co., Ltd. for CNY 1 on May 8, 2024. Inner Mongolia Anda changed its name to Inner Mongolia Ganfeng New Materials Co., Ltd.

Ganfeng Lithium Group Co., Ltd. (SZSE:002460) completed the acquisition of remaining 60% stake in Inner Mongolia Autonomous Region Anda New Energy Technology Co., Ltd. from Guizhou Anda Technology Energy Co., Ltd. on May 8, 2024.

Latest news about Ganfeng Lithium Group Co., Ltd.

Mali Government Conditionally Approves Sale of Leo Lithium's 40% Stake in Goulamina Project to Ganfeng	17/06	MT
Ganfeng Lithium to Raise Subsidiary's Capital by $600 Million	10/06	MT
Wong Sze Wing to Retire as Independent Non-Executive Director, Chairman of the Audit Committee of the Board and the Member of the Sustainable Development Committee of the Board of Ganfeng Lithium Group Co., Ltd	07/06	CI
GFL International Co., Ltd. announced that it expects to receive CNY 4.34796 billion in funding from Ganfeng Lithium Group Co., Ltd.	07/06	CI
China regulators plan European investor meet to revive stocks, Bloomberg reports	20/05	RE
Mali signs agreement with China's Ganfeng to operate Goulamina lithium mine	18/05	RE
Mali signs agreement with China's Ganfeng to operate Goulamina lithium mine	17/05	RE
Ganfeng Lithium to Buy Out Partner in Inner Mongolia Joint Venture	10/05	MT
Ganfeng Lithium Group Co., Ltd. acquired remaining 60% stake in Inner Mongolia Autonomous Region Anda New Energy Technology Co., Ltd. from Guizhou Anda Technology Energy Co., Ltd. for CNY 1.	10/05	CI
Ganfeng Lithium Arm to Buyout African JV for $342 Million	08/05	MT
Leo Lithium Signs MoU with Mali Government; Sells Stake in Goulamina for $342.7 Million	08/05	MT
Ganfeng Lithium Group Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	29/04	CI
Ganfeng Lithium’s Profit Down in 2023	26/04	MT
Nomura Adjusts Jiangxi Ganfeng Lithium’s Price Target to 38 Yuan From 44 Yuan, Keeps at Neutral	04/04	MT
Ganfeng Lithium Posts 76% Profit Drop in 2023 on Lower Lithium Products Prices	01/04	MT
Ganfeng Lithium Group Co., Ltd. Proposes Final Dividend for the Year Ended 31 December 2023	28/03	CI
Ganfeng Lithium Group Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023	28/03	CI
Ganfeng Lithium Group Co., Ltd. Signs Cooperation Agreement with Pilbara Minerals Limited in Australia	25/03	CI
Pilbara Minerals and China's Ganfeng agree to study for lithium chemical plant	25/03	RE
Pilbara Minerals, Ganfeng Lithium Agree to Joint Feasibility Study on Downstream Conversion Plant	25/03	MT
China lithium boom slows as sagging prices batter high-cost miners	14/03	RE
Ganfeng Lithium Shareholders to Meet April 9 to Vote on Forex Hedging Foray	13/03	MT
China's lithium market set for long-term uptrend, says Ganfeng Lithium	09/03	RE
Ganfeng Lithium to Buy 15% Stake in Argentinian Miner for $70 Million	07/03	MT
Lithium Americas (Argentina) Reports Purchase of Interest in Pastos Grandes for US$70 Million by Ganfeng Lithium	05/03	MT

Chart Ganfeng Lithium Group Co., Ltd.

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Company Profile

Ganfeng Lithium Group Co., Ltd. specializes in the manufacture and marketing of lithium products (lithium chloride, lithium fluoride, lithium carbonate, lithium hydroxide, lithium magnesium alloy, etc.). Net sales break down by activity as follows: - lithium mining and processing (81.3%); - manufacture and sale of Lithium batteries (18.2%); - other (0.5%). China accounts for 77.8% of net sales.

Sector

Commodity Chemicals

Calendar

25/06/2024 - Annual General Meeting

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Ratings for Ganfeng Lithium Group Co., Ltd.

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ESG Refinitiv

B+

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

31.66 CNY

Average target price

41.33 CNY

Spread / Average Target

+30.54%

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Quarterly earnings - Rate of surprise

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