HK Stock Market Move | CNGR Advanced Material (02579) rose more than 6%, company's sales volume of ternary precursors continues to maintain market leadership, nickel resources globally diversified layout

CNGR Advanced Material (02579) rose more than 6%, up 4.71% as of the time of writing, reaching 40 Hong Kong dollars, with a turnover of 104 million Hong Kong dollars. On the news front, recently, CNGR Advanced Material stated in an investor relations activity that, according to Xinluo statistics, the global production of ternary precursor materials will reach 1.038 million tons by 2025, a year-on-year increase of 7.7%. The company's shipment volume continues to maintain its market-leading position; looking ahead, based on the increasing demand for long-range driving in the Chinese market, the increase in the single vehicle's electric capacity, the advancement of solid-state battery industrialization, and the strong demand for new energy vehicles in Europe, nickel-based materials still have great market growth potential. Morgan Stanley pointed out that Zhongwei Corporation is the world's largest producer of nickel and cobalt-based cathode precursor materials, with continuous expansion of its nickel resources and refining business. Zhongwei Corporation's over 70% of nickel-based pCAM products are high nickel and ultra-high nickel products. In addition to four major production bases in China, the company has a production base in Morocco, operates three in Indonesia and plans one, and plans one in South Korea. In the current uncertain trade environment, the diversified global layout gives Zhongwei Corporation a greater advantage compared to its peers.