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Ganfeng Lithium Co ( (HK:1772) ) just unveiled an update.
Ganfeng Lithium Co has announced the formation of a joint venture with Lithium Argentina, consolidating their interests in several lithium projects in Argentina. This strategic move involves the creation of a new entity, Millennial Lithium B.V., which will be majority-owned by Ganfeng. The consolidation aims to streamline operations and enhance the development of the lithium projects. Additionally, Ganfeng will provide financial assistance to Lithium Argentina to support the development of these projects, reflecting a significant step in strengthening their market position in the lithium industry.
The most recent analyst rating on (HK:1772) stock is a Hold with a HK$20.00 price target. To see the full list of analyst forecasts on Ganfeng Lithium Co stock, see the HK:1772 Stock Forecast page.
More about Ganfeng Lithium Co
Ganfeng Lithium Co is a prominent player in the lithium industry, focusing on the production and development of lithium products. The company is involved in various lithium projects, particularly in Argentina, where it operates lithium salt lake and brine projects.
Average Trading Volume: 10,939,823
Technical Sentiment Signal: Buy
Current Market Cap: HK$80.75B
See more data about 1772 stock on TipRanks’ Stock Analysis page.