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Ganfeng Lithium Co., Ltd. (GNENF)

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13.35-1.01 (-7.03%)
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Previous Close14.36
Bid0.00 x 0
Ask0.00 x 0
Day's Range13.14 - 14.00
52 Week Range13.14 - 19.50
Avg. Volume25,697
Market Cap19.997B
Beta (5Y Monthly)1.17
PE Ratio (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield0.04 (0.29%)
Ex-Dividend DateJun 30, 2020
1y Target EstN/A
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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  • 7 Well-Positioned Battery Stocks to Buy on EV Demand

    7 Well-Positioned Battery Stocks to Buy on EV Demand

    Now that we’ve entered 2021, there seems to be a bit of a mindset shift in the markets. To be sure, not much has changed: we’re still in the midst of a pandemic and look to be for a good portion of 2021. However, one thing is shifting: the rumblings of EV pushback are clear. And battery stocks will be a benefactor of this pushback. It is my belief that EV stocks are going to remain hot through 2021. However, markets and capital are going to move into EV suppliers with more force. That means battery manufacturers and suppliers to these companies should become more attractive this year. 8 Biometric Stocks to Consider as We Eye a Return to Normal This list is focused on exactly that: EV battery manufacturers and suppliers thereto. Any and all of these stocks are a buy in my eyes.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Sociedad Quimica y Minera de Chile (NYSE:SQM) Albemarle (NYSE:ALB) Ganfeng Lithium (OTCMKTS:GNENF) Panasonic (OTCMKTS:PCRFY) Romeo Power (NYSE:RMO) Vale (NYSE:VALE) Glencore (OTCMKTS:GLNCY) Battery Stocks: Sociedad Quimica y Minera de Chile (SQM) Source: Shutterstock Investors who have interest in EVs are likely well aware of lithium as a mineral integral to the sector. Lithium-ion battery chemistry has become the leading battery type used in the industry. Therefore, lots of lithium is necessary until a better suited chemistry is commercialized. The leading candidates don’t look to be commercialized for some time yet. The upshot is lithium mining is a smart place to be for EV investment. And that’s why Sociedad Quimica y Minera de Chile and its SQM stock lead off this list. The Chilean company is a major producer of lithium. Lithium currently accounts for about 16% of Sociedad Quimica y Minera de Chile’s profit and the company is making a major investment in increasing its lithium capacity. It is clear that the company sees lithium as important to its immediate future. The company has four scheduled expansions through 2023. It is investing $240 million toward lithium production expansion, which will increase production by 69.5% by the second half of 2021. That means the company will go from the ability to produce 83.5 million tons of lithium to 141.5 million tons by the end of this year. The company is not stopping there. It intends to invest a further $150 million to bring total lithium capacity to 210 million tons by 2023. That 151.5% capacity increase is indicative of larger demand. The company did experience a revenue decrease of 11% in the first nine months of 2020 compared to 2019. However, lithium sales volumes increased 40% between Q2 and Q3 making this a worthwhile play moving forward. Albemarle (ALB) Source: IgorGolovniov/Shutterstock.com Albemarle is another major name in lithium production. It also experienced a sales decline and is positioning itself to take advantage of opportunities in lithium. Despite the downturn, ALB stock is definitely a smart play that makes sense in the EV space. The company explains its overarching strategy thusly: “Our long-term strategy and capital allocation priorities remain the same: to invest in lithium growth using cash flows from our entire enterprise, while maintaining our dividend and investment grade credit rating.” Albemarle depends on lithium for 37% of its total revenue currently and anticipates 20% industry growth. Albemarle experienced a sales decline of 19.6% in its lithium segment and 15.1% across its entire business in Q3 of 2020. The company says that while lithium market growth was stunted in 2020 that it still anticipates the same overall future growth. 8 Biometric Stocks to Consider as We Eye a Return to Normal My thesis is that it makes sense to invest now while revenue is relatively weakened and Wall Street views ALB stock as a “hold.” Revenue may have slipped, but earnings well outpaced guidance for the quarter, and the company remains solidly entrenched in its lithium strategy. Battery Stocks: Ganfeng Lithium (GNENF) Source: Lightboxx/ShutterStock.com China is a massive market for EVs. In fact, it’s the world’s largest by market share. But the country also has massive natural resources, which gives it another advantage when it comes to EVs. It has national champions including Nio (NYSE:NIO) and XPeng (NYSE:XPEV), and it has companies like Ganfeng Lithium which can supply them. The company is headquartered in China and has operations in Australia, Argentina, Ireland and Mexico. Ganfeng Lithium is clearly well-diversified geographically. But it is also diversified in terms of its operations. It maintains lithium operations upstream, mid-stream and downstream, meaning it does everything from mining lithium to lithium battery manufacturing. Not only is the company massive, but it has also experienced robust growth. Ganfeng’s CAGR averaged 41% between 2015 and 2019. Profitability growth decreased in 2019 although still a very healthy 16%. But it has begun to rise again in 2020. Panasonic (PCRFY) Source: testing/Shutterstock.com The previous three stocks were all lithium producers. It is time to move up the value chain into the actual battery manufacturers. Most readers will recognize that Panasonic does many things. It is not a dedicated EV battery manufacturer by any stretch of the imagination. However, it does produce batteries for Tesla (NASDAQ:TSLA). That alone makes it a name worth mentioning in this space. The simple fact is that to a degree, as Tesla goes, so goes the whole EV market. Anyway, the important consideration here for investors is the EV business between Panasonic and Tesla. Tesla has long been speculated to want to bring battery production in-house. But the long-time relationship it has had with Panasonic will continue through at least 2022. 8 Biometric Stocks to Consider as We Eye a Return to Normal Panasonic is under pressure to increase energy storage capacity by Tesla. By 2025 its Model 3 battery is slated to have improved energy storage capacity by 20%. It is also under pressure to make similar leaps for the Tesla Model S and Model X. Battery Stocks: Romeo Power (RMO) Source: Pasuwan/ShutterStock.com Now is the time to invest in Romeo Power. Prices have recently come down and now RMO stock’s price point makes sense in addition to its strategic positioning. For an excellent run down of why Romeo Power is a bargain on a purely quantitative, objective basis, check out this article by InvestorPlace’s Mark Hake. Numbers don’t lie, and these numbers indicate that there is lots of upside in RMO shares. From a more subjective perspective there’s also lots to like about Romeo Power. Most readers will know that many SPAC-funded EV companies came to market in 2020. Romeo Power is also a SPAC. But it is an EV supplier, not a manufacturer. The company makes battery packs for two segments: class 4-8 trucks and buses and high-performance vehicles, along with other commercial vehicles. EV battery manufacturing should continue to have many tailwinds as the decarbonization push shows little indication of slowing. EVs are here to stay. The company has $544 million in contracted revenue, and another $2.2 billion possible under negotiation. So the $350 million it received at closing should be utilized to fulfill the sales it has booked. The company has an excellent chance to be the name behind truck electrification efforts underway at companies like Peterbilt (NASDAQ:PCAR) and Freightliner (OTCMKTS:DDAIF). Romeo Power has established relationships with 68% of the class 8 vehicle manufacturers in North America currently. They simply have to take SPAC funds and prove that their technology will effectively work for those companies. If they can, revenue will flow. That’s why this stock makes so much sense at current prices. Vale (VALE) Source: rafapress / Shutterstock.com Let’s switch gears again and go back to the far upstream of the battery industry. The first three stocks on this list were all related to lithium used in the manufacturing of the batteries themselves. There’s another mineral also very important in the battery manufacturing process: nickel. Nickel is set to receive high demand due to its utility in the EV battery manufacturing process. And on the supply side, there simply isn’t enough nickel to satisfy that demand. In fact, there may be a 10-fold increase in demand between 2018 and 2025. 8 Biometric Stocks to Consider as We Eye a Return to Normal The calculus is simple: produce and supply that nickel and make great profits. Vale increased its sales of nickel by 37.3% in Q3 of 2020. VALE stock is rated a “buy” and shares are currently less than $20, making it an attractive play in EV batteries. It is probably the strongest play in battery stocks as it relates to nickel in production. Battery Stocks: Glencore (GLNCY) Source: Shutterstock Last but not least on this list of battery stocks is Glencore. Like Vale, it is included because of its focus on nickel production. The company produces nickel in Asia, Australia, North America and Europe. In Q3 Glencore experienced a 9% decrease in nickel production as a result of operational restrictions due to Covid-19 at its Koniambo plant in New Caledonia. The company produced 81,800 tons of nickel in the period. Prices have remained basically steady in the past two years for nickel, according to the company, but Glencore will have plenty of opportunity to sell to EV battery manufacturers as long as it can produce the metal. Glencore is diversified across mineral and metals mining. It is also relatively cheap at less than $10 per share. The company is well funded and in position to serve EV battery manufacturers, as well as many other downstream companies across many industries. GLNCY stock is cheap with a lot of upside and worth a look. On the date of publication, Alex Sirois did not have (either directly or indirectly) any positions in the securities mentioned in this article. Alex Sirois is a freelance contributor to InvestorPlace whose personal stock investing style is focused on long-term, buy-and-hold, wealth-building stock picks. Having worked in several industries from e-commerce to translation to education and utilizing his MBA from George Washington University, he brings a diverse set of skills through which he filters his writing. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG Top Stock Picker Reveals His Next Potential Winner It doesn’t matter if you have $500 in savings or $5 million. Do this now. #1 Stock for the Green Energy Boom The post 7 Well-Positioned Battery Stocks to Buy on EV Demand appeared first on InvestorPlace.

  • Arena Minerals Announces $2.8M Financing Led by Leading Lithium Producer Ganfeng Lithium Co. and Divests Gold Asset to Astra Exploration Ltd.

    Arena Minerals Announces $2.8M Financing Led by Leading Lithium Producer Ganfeng Lithium Co. and Divests Gold Asset to Astra Exploration Ltd.

    THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICESOR FOR DISSEMINATION IN THE UNITED STATES TORONTO, Feb. 04, 2021 (GLOBE NEWSWIRE) -- Arena Minerals Inc. ("Arena" or the "Company") (TSX-V: AN) announces that it is undertaking a non-brokered private placement of units of the Company (the “Units”) at a price of $0.05 per Unit for gross proceeds of $2,800,000 (the “Offering”). Each Unit shall consist of one common share of the Company (a “Common Share”) and one-half of one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant entitles the holder to acquire one Common Share of the Company at $0.15 for a period of 36 months from the date of issuance. This price represents a 43% premium to the last trading price of Arena. GFL International Co., Ltd, a wholly owned subsidiary of Ganfeng Lithium Co. (“Ganfeng”; 1772.HK; OTCQX: GNENF), an established global lithium carbonate producer, will acquire 39,525,596 Units for gross proceeds of $1,976,280 pursuant to the terms of the offering. Ganfeng is one of the world’s leading lithium manufacturers and is listed on the Shenzhen Stock Exchange and on the Hong Kong Stock Exchange (Ticker 1772.HK) since 2018 when it raised US$ 440 million in an IPO. Ganfeng is a top three lithium compound producer, and the largest producer of lithium metal globally. Ganfeng has a strong presence in Argentina, including a 51% ownership in Minera Exar whom operates the Cauchari Lithium project in Jujuy province. The proceeds from the Offering will be used by Arena to develop its Antofalla lithium brine property in the puna region of Argentina, for potential acquisitions, and for general corporate purposes. Arena’s Antofalla properties comprise a total of 6,000 hectares covering a portion of the Antofalla salar located in Catamarca, Argentina. The properties are immediately south and adjacent to Albemarle Corporation’s similarly names Antofalla project. Mr. Eduardo Morales, Executive Chairman of Arena, commented: “We are thrilled to have Ganfeng Lithium, one of the world’s largest and most successful companies in the battery materials sector, participate in the Offering and join us as a major investor and strategic partner. The proceeds of the Offering will assist Arena in developing the Antofalla project as well evaluating further acquisitions in Argentina, where Arena’s team has world class expertise and competitive advantages. Our objective is to ultimately own and operate several high-quality assets and supply lithium chloride to a centralized chemical plant. We are convinced this is the future of the brine lithium industry, allowing assets to be developed without incurring excessive capital costs while reducing the technical risk of having to build and operate a chemical plant.” Mr. Morales is the former President of Rockwood Litio Ltda (Chile), where he oversaw the development of the world’s premier lithium brine asset in the Salar the Atacama, Chile. Rockwood was sold in 2014 for USD 6.2 Billion. Under its subscription agreement with Arena, and provided it holds at least 7.5% of Arena's common shares, Ganfeng has been granted the right (i) to participate in future Arena financings to maintain its percentage ownership interest in Arena; (ii) to acquire up to 35% interest in any asset acquisition completed by Arena; and iii) a Right of First Offer on off-take agreements on a per project basis. Ganfeng has also been granted the right to appoint a nominee to the Arena board of directors as long as it holds at least 10% of Arena's common shares. This summary is qualified in its entirety by reference to the full text of the Agreement, a copy of which will be filed by Arena on SEDAR (www.sedar.com). The Offering is subject to the approval of the TSX Venture Exchange. Pampa Paciencia Sale to Astra Exploration Inc. The Company also announces the sale of its Pampa Paciencia epithermal gold property, located in the Atacama region of northern Chile, to Astra Exploration Ltd (“Astra”), a private mineral exploration company. Pursuant to the Agreement, Arena’s wholly owned subsidiary, Arena Minerals Chile SpA, will transfer to a newly incorporated Chilean subsidiary of Arena (“AM Newco”) all of the shares it owns in Sociedad Contractual Minera Paciencia (the “JV Company”), representing 80% of the outstanding shares of the JV Company. The JV Company holds 100% of the Paciencia Property, one of the two Chilean properties in which Arena holds an interest. Astra will then purchase all of the shares of AM Newco in consideration for the issuance to Arena of shares representing 40% of Astra’s issued and outstanding shares after Astra completes a proposed financing to raise a minimum of $600,000, which financing is to close prior to the sale to Astra of AM Newco. Under the Agreement, until the earlier of an Astra Going Public Transaction (which includes the listing of Arena’s shares on the TSX Venture Exchange or other recognized Canadian or U.S. stock exchange) and a change of control of Arena, Arena has the right to participate in future financings of Astra to maintain its percentage shareholding in Astra while it holds 5% to 25% of Astra’s outstanding shares, and has the right to nominate a director to the Astra board as long as it maintains at least a 5% shareholding in Astra. Prior to the earlier of completion by Astra of a Going Public Transaction and 12 months from closing, Arena may not sell its Astra shares without Astra’s consent, and provided it holds at least 5% of Astra’s shares, following completion of an Astra Going Public Transaction, Arena must provide Astra with an opportunity to identify purchasers for any Astra shares that it proposes to sell before it may sell them to third parties. Arena has also agreed to vote all Astra shares it holds in favour of Astra management’s proposals at any meeting of the shareholders of Astra held within 24 months of closing. About Arena Minerals Inc. Arena owns the Antofalla lithium brine project in Argentina, consisting of four claims covering a total of 6,000 hectares of the central portion of Salar de Antofalla, located immediately south of Albemarle Corporation's Antofalla project. Arena has developed a proprietary brine processing technology using brine type reagents derived from the Antofalla project with the objective of producing more competitive battery grade lithium products. Arena also owns 80 percent of the Atacama Copper property, consisting of two projects covering approximately 7,000 hectares within the Antofagasta region of Chile. The projects are at low altitudes, within producing mining camps in infrastructure-rich areas, located in the heart of Chile's premier copper mining district. The technical and scientific aspects of this news release have been reviewed and approved by Mr. William Randall, P.Geo, who is a qualified person pursuant to NI 43-101. As the President & CEO of the Company, Mr. Randall is not considered independent. To view our website, please visit www.arenaminerals.com. In addition to featuring information regarding the Company, its management, and projects, the site also contains the latest corporate news, a long form text explaining the unique business model of the Company (under the tab “the Company Explained”) and an email registration allowing subscribers to receive news and updates directly. For more information, contact William Randall, President and CEO, at +1-416-818-8711 or Simon Marcotte, Vice-President Corporate Development, at +1-647-801-7273 or smarcotte@arenaminerals.com. On behalf of the Board of Directors of: Arena Minerals Inc. William Randall, President and CEO Cautionary Note Regarding Accuracy and Forward-Looking Information This news release may contain forward-looking information within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements, projections and estimates relating to the future development of any of the Company's properties, the anticipating timing with respect to private placement financings, the ability of the Company to complete private placement financings, results of the exploration program, future financial or operating performance of the Company, its subsidiaries and its projects, the development of and the anticipated timing with respect to the Atacama project in Chile, the Antofalla, Hombre Muerto or Pocitos Projects in Argentina , and the Company's ability to obtain financing. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". The statements made herein are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of the Company's interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. Estimates underlying the results set out in this news release arise from work conducted by the previous owners and the Company. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; other risks of the mining industry and the risks described in the annual information form of the Company. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Arena Minerals does not undertake to update any forward-looking information, except in accordance with applicable securities laws. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.

  • Reuters

    China's Ganfeng sees first-half profit halve amid lithium price slump

    Ganfeng Lithium , one of the world's top lithium producers, said on Tuesday its net profit almost halved in the first six months of 2020 as prices for the commodity used in electric vehicle batteries continued to slump. The Chinese company's net income reached 156.49 million yuan ($22.6 million) in January through June, down 47.1% from the same period a year earlier, it said in a filing to the Shenzhen Stock Exchange, adding that the coronavirus had affected its performance and the whole lithium industry. Ganfeng, which makes battery-grade chemicals such as lithium carbonate and hydroxide and counts automaker Tesla Inc among its clients, said half-year revenue was down 15.4% at 2.39 billion yuan, saying this was mainly due to the downward trend of the lithium salt market and the drop in prices.