On June 16, Lonpan Technology rose 5.21% in regular trading, trading at 14.37 HKD/share, with turnover of 69.57 million HKD.

On the news front, according to the latest HKEX disclosure, JP Morgan increased its holdings in the company by 456,000 shares on June 8 at approximately 12.77 HKD per share, raising its stake to 7% with a total investment of approximately 5.82 million HKD. Additionally, the company recently announced that its subsidiary Lithium Source (Asia Pacific) plans to invest approximately USD 160 million (around RMB 1.088 billion) to build Phase 3 of its Indonesia project, featuring annual production capacity of 120,000 tons of second and third-generation LFP cathode materials, with an expected return on investment of 24.38%. Upon full completion, the Indonesia base total capacity will surge from the current 30,000 tons to 120,000 tons, making it the largest overseas LFP cathode material factory.

At the industry level, institutions noted that global lithium battery demand continues to grow, material companies are seeing higher capacity utilization rates, and sector profitability is entering a recovery phase, with multiple tailwinds converging to support share price performance.

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