China's Sunrise New Energy asks to disregard previous news release on battery material partnership -GlobeNewswire
Oct 25 (Reuters) - Press release distribution services provider GlobeNewswire said on Wednesday that Sunrise New Energy has advised the firm to disregard a prior news release about the China-based company's collaboration between South Korea's LG Energy Solution and the Abu Dhabi Investment Fund regarding a manufacturing battery material facility.
On Tuesday, Sunrise New, which manufactures and sells graphite anode material for lithium-ion batteries through a joint venture, said that it was in talks with LG Energy and the Abu Dhabi Investment Fund for the project. The news sent the U.S.-listed shares of Sunrise up 4%.
Sunrise was not immediately available for comment.
China, the world's largest graphite producer, said last week it would require export permits for some graphite products to protect national security, springing a surprise with another bid to control critical mineral supply in response to challenges over its global manufacturing dominance.
(Reporting by Sourasis Bose in Bengaluru; Editing by Leslie Adler)
