Ganfeng Lithium receives approval to issue new shares amid surging lithium demand

By Dalila Ouerghi
Published: Friday, 11 June 2021

China’s Ganfeng Lithium has been authorized by the Chinese Securities Regulatory Commission to issue around 48 million new shares overseas, the company said in a filing on Friday June 11.

The news comes at a time of growing demand for lithium in China and overseas amid a shift to a greener economy.

Lithium is a key ingredient in batteries used to power electric vehicles (EV).

The company is listed on the Shenzhen Stock...

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