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.
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