Ganfeng Lithium Group (HKG:1772, SHE:002460) plans to apply to the Guangzhou Futures Exchange to become a designated delivery warehouse for lithium hydroxide, according to a Thursday disclosure on the Shenzhen bourse.
The board of directors approved the plan on Wednesday.
The lithium company's shares fell 2% during the morning trade.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments