Daiwa analyst Dennis Ip downgraded Ganfeng Lithium (GNENF) to Underperform from Outperform with a price target of HK$23, down from HK$29. Global lithium supply is set to rise in 2025 as the current lithium price is not low enough to stop low-cost mines increasing production volume, the analyst tells investors in a research note.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GNENF: