HK Stock Market Move | Jiangsu Lopal Tech. (02465) rose more than 8%, the price of lithium iron phosphate rose and landed, and its subsidiary Lithium Source Indonesia plans to introduce LG New Energy as a strategic investor.

Jiangsu Lopal Tech. (02465) rose more than 8%, reaching 8.18% by the time of publication, with a price of 6.48 Hong Kong dollars and a trading volume of 207 million Hong Kong dollars. On the news front, according to Securities Times, large orders for lithium iron phosphate have appeared frequently in the lithium battery industry recently, with leading companies confirming price increases and the prosperity of the lithium iron phosphate track rising. The current round of lithium iron phosphate price increases is the result of sustained demand growth and product iteration driving both wheels. It is reported that while Jiangsu Lopal Tech. is expanding its lithium iron phosphate production capacity, it is focusing on upstream lithium resources and, together with Contemporary Amperex Technology, has jointly built a lithium carbonate processing plant with an annual output of 40,000 tons in Yichun, Jiangxi, which is now fully operational. In addition, Jiangsu Lopal Tech. announced that in order to actively expand overseas markets, enhance the company's competitiveness and overseas influence in the lithium battery materials field, its third-level controlled subsidiary, Lithium Source Indonesia, plans to introduce LG New Energy as a strategic investor through capital increase and share expansion. Upon completion of the transaction, LG New Energy will acquire 20% of Lithium Source Indonesia's shares.