Hong Kong Stocks Movement | LOPAL TECH (02465) Rises Over 3% as LFP Producers Seek Price Hikes to Reduce Losses

Stock News12-17 11:06

LOPAL TECH (02465) surged more than 3%, reaching HK$13.54 by the time of writing, with a trading volume of HK$79.34 million. The market is closely watching recent price increases in lithium iron phosphate (LFP).

Industry sources indicate that rising upstream raw material costs and strong downstream demand have prompted LFP manufacturers to push for price adjustments to mitigate losses. Zhou Bo, Secretary-General of the Lithium Iron Phosphate Materials Branch under the China Industrial Association of Power Sources, noted, "Many LFP producers are currently operating at full capacity, suggesting a tight supply-demand balance."

One company representative revealed, "We are actively negotiating price hikes with downstream clients. This upward trend is expected to significantly narrow losses in our LFP business."

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