CNGR (02579) rose more than 6%. As of the time of writing, the stock was up 4.71%, trading at HK$40 with a turnover of HK$104 million. Recently, during investor relations activities, CNGR stated that, according to Mysteel's statistics, global ternary precursor production reached 1.038 million tons in 2025, a year-on-year increase of 7.7%, and the company's shipment volume continues to hold the top market share. Looking ahead, driven by increasing demand for long-range capabilities in the Chinese market, higher battery capacity per vehicle, the industrialization of solid-state batteries, and positive demand for new energy vehicles in Europe, nickel-based materials still possess substantial market growth potential. Morgan Stanley pointed out that CNGR is the world's largest producer of nickel and cobalt-based cathode precursors, and its nickel resource and smelting business layout has been continuously expanding. Over 70% of CNGR's nickel-based pCAM products are high-nickel and ultra-high-nickel products. Beyond its four major production bases in mainland China, the company has one production base in Morocco, operates three and is planning one in Indonesia, and has plans for one in South Korea. In the current uncertain trade environment, this diversified global footprint provides CNGR with a competitive advantage over its peers.
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