Movement Alert|Lopal Tech Rises 5.18% in Regular Trading, Indonesia Phase 3 Project Investment Continues to Boost Market Sentiment

Market Focus
Jun 12

On June 12, Lopal Tech rose 5.18% in regular trading, trading at HKD 13.22/share with turnover of HKD 49.48 million, marking a second consecutive session of gains following multiple days of weakness.

The rally continues to be driven by the company's June 10 announcement that its subsidiary LBM New Energy (Asia Pacific) plans to invest approximately USD 160 million (RMB 1.088 billion) to build the Indonesia Lithium Source Phase 3 project. The project targets annual production capacity of 120,000 tons of second and third-generation lithium iron phosphate cathode materials, with an expected investment return rate of 24.38%. Construction is scheduled to commence in July with a build period of approximately 12 months. The overseas expansion initiative, combined with the recent launch of four innovative products including second-generation dry electrode LFP and fifth-generation high-compaction LFP, signals the company's strategic shift from scale expansion toward technology-driven premiums, sustaining bullish sentiment.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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