LOPAL TECH (02465) surged more than 5%, reaching HK$14.84 by press time with a trading volume of HK$238 million. Analysts at Huatai Securities noted that lithium battery production is expected to increase month-on-month in December, signaling sustained industry recovery and price hikes across multiple segments.
The report highlighted that tightening supply and robust demand have led to shortages in energy storage batteries and most lithium battery materials. Key components—including batteries, lithium hexafluorophosphate (LiPF6), wet-process separators, lithium iron phosphate (LFP), and anodes—are approaching an inflection point for price increases. This trend is projected to enhance profitability across the lithium battery supply chain, driving both volume and margins higher.
Earlier, LOPAL TECH revised its total sales agreement with Chuneng New Energy from over RMB5 billion to over RMB45 billion. On May 9 this year, the two parties signed a deal for 150,000 tons of LFP cathode materials, valid from April 30, 2025, to April 30, 2030. A subsequent amendment extended the contract to the end of 2030 and raised the supply volume to 1.3 million tons.
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