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