Core Viewpoint - The 2025 (15th) High-tech Lithium Battery Annual Conference will be held from November 18 to 20 in Shenzhen, focusing on the lithium battery industry's new journey and attracting over 1,500 executives from more than 1,000 companies in the lithium battery supply chain [3][4]. Event Details - The conference will last for three days and feature 12 specialized forums [3]. - The latest agenda and participation strategies are available for attendees [4]. - A list of confirmed attendees includes over 100 leaders from various equipment and battery companies, such as Ningde Times and Yiwei Lithium Energy [4][5]. Keynote Speakers - Notable speakers include: - Zeng Yuqun, Chairman of Ningde Times - Liu Jincheng, Chairman of Yiwei Lithium Energy - Wang Mingwang, Founder of Xinwanda - Feng Xiao, Chairman of Xingheng Power [5][6]. Sponsorship and Support - Major sponsors include Hai Moxing Laser, Dazhu Lithium Battery, and Karol Weide, among others [6]. - Various companies will also present at the conference, showcasing their latest innovations and developments [7]. Awards and Recognition - The conference will feature the announcement of the High-tech Golden Ball Awards, with several companies already listed for recognition, including Yiwei Lithium Energy and Xinwanda [7][8]. - The awards will highlight achievements in the lithium battery sector, with ongoing updates on nominees [8].

Core Viewpoint - Ganfeng Lithium has made significant progress in its joint development project with Lithium Argentina, receiving the Environmental Impact Assessment Report from the Salta Province government, which is a crucial step for the project [1] Group 1: Project Development - The joint project plans to submit an application for the Large Investment Incentive Regime to the Argentine government in the first half of 2026 to gain local government support and fiscal incentives [1] - The project utilizes direct lithium extraction technology and solar evaporation pond techniques, aiming to enhance production efficiency and reduce freshwater consumption [1] Group 2: Production and Quality - The project is expected to improve product consistency and quality while significantly lowering production costs [1] - It retains flexibility in product pathways, allowing customization of the final lithium products based on off-take specifications and market conditions [1]

Core Viewpoint - Lithium Argentina AG and Ganfeng Lithium Group have announced the results of the Scoping Study for the Pozuelos-Pastos Grandes lithium brine project, highlighting a significant partnership aimed at advancing lithium production in Argentina [1][4]. Project Overview - The PPG Project integrates three projects owned by Ganfeng and Lithium Argentina, with Ganfeng holding a 67% stake and Lithium Argentina holding 33% [1][14]. - The project is located in Salta Province, Argentina, and is designed to produce primarily lithium carbonate, with flexibility for lithium hydroxide and lithium chloride [12][9]. Environmental Approval - The Environmental Impact Statement (DIA) for Stage 1 of the PPG Project was issued by the Secretariat of Mining and Energy of Salta Province after a 14-month review [2][5]. Scoping Study Results - The Scoping Study indicates an annual production capacity of 150,000 tonnes per annum (tpa) of lithium carbonate equivalent (LCE) over a 30-year project life, with Stage 1 targeting 50,000 tpa [6][7]. - The project has a measured and indicated resource of 15.1 million tonnes (Mt) of LCE, making it one of the largest undeveloped lithium brine resources globally [7]. Economic Metrics - The estimated initial capital cost for Stage 1 is $1.1 billion, with a total capital cost of $3.3 billion over the project's life [8][22]. - At a lithium carbonate price of $18,000 per tonne, the after-tax NPV at an 8% discount rate is projected to be $8.1 billion, with an internal rate of return (IRR) of 33% [8][27]. Operating Costs - The operating cash cost is estimated at $5,027 per tonne, with an all-in sustaining cost (AISC) of $5,351 per tonne over the project's life [7][38]. - For Stage 1, the projected operating cash cost is $5,344 per tonne [20][38]. Financing and Development - The company is exploring financing options, including debt, offtake agreements, and minority equity investments to support Stage 1 development [35][36]. - The project aims to leverage Argentina's Régimen de Incentivo para Grandes Inversiones (RIGI) framework to enhance long-term competitiveness and improve after-tax cash flow [21]. Next Steps - The RIGI application is expected to be submitted in the first half of 2026, following the receipt of the environmental permit [35][21]. - A technical report compliant with NI 43-101 standards will be filed within 45 days of the announcement [5][40].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示 概 不 就因本公告全部或任何部份內容而產生或因依賴該等內容而引致的任 何 損 失 承 擔 任 何 責 任。 （於中華人民共和國註冊成立之股份有限公司） （股份代號：1772） 進展公告 須予披露及關連交易 關於本公司與Lithium Argentina共同開發合併項目 茲提述(i)江 西 贛 鋒 鋰 業 集 團 股 份 有 限 公 司（「本公司」）日 期 為2025年8月 12日 關 於 組 建 合 資 企 業、合 資 夥 伴 通 過 資 產 注 入 進 行 收 購 及 提 供 財 務 資 助 的 須 予 披 露 及 關 連 交 易 的 公 告（「該公告」）。除 非 另 有 定 義，本 公 告 所 用 詞 彙 與 該 等 公 告 所 界 定 者 具 有 相 同 涵 義。 項目進展情況 | 資源類別 | | | | | | Pastos Grandes | | | | | --- | --- | --- | --- | --- | --- | ...

Core Insights - On November 10, 2025, Alibaba-W (09988), SMIC (00981), and Tencent Holdings (00700) were the top three companies by trading volume in the Southbound Stock Connect, with trading amounts of 30.14 billion, 25.38 billion, and 23.94 billion respectively [1][2] - In the Shenzhen-Hong Kong Stock Connect, Alibaba-W (09988), SMIC (00981), and China National Offshore Oil Corporation (00883) also ranked as the top three, with trading amounts of 22.88 billion, 17.66 billion, and 16.28 billion respectively [1][2] Southbound Stock Connect - Top Active Companies - Alibaba-W (09988) had a trading amount of 30.14 billion with a net buy of -7.48 billion [2] - SMIC (00981) recorded a trading amount of 25.38 billion with a net buy of -91.6453 million [2] - Tencent Holdings (00700) had a trading amount of 23.94 billion with a net buy of -4.19 billion [2] - China National Offshore Oil Corporation (00883) achieved a trading amount of 21.14 billion with a net buy of +5.64 billion [2] - Xiaomi Group-W (01810) had a trading amount of 20.62 billion with a net buy of +2.62 billion [2] - Pop Mart (09992) recorded a trading amount of 18.74 billion with a net buy of +834.075 million [2] - Hua Hong Semiconductor (01347) had a trading amount of 13.06 billion with a net buy of -1.98 billion [2] - Ganfeng Lithium (01772) recorded a trading amount of 11.42 billion with a net buy of -743.079 million [2] - China Duty Free Group (01880) had a trading amount of 10.92 billion with a net buy of -1.47 billion [2] - Xpeng Motors-W (09868) achieved a trading amount of 10.67 billion with a net buy of +1.03 billion [2] Shenzhen-Hong Kong Stock Connect - Top Active Companies - Alibaba-W (09988) had a trading amount of 22.88 billion with a net buy of +952.690 million [2] - SMIC (00981) recorded a trading amount of 17.66 billion with a net buy of -1.26 billion [2] - China National Offshore Oil Corporation (00883) achieved a trading amount of 16.28 billion with a net buy of +7.50 billion [2] - Tencent Holdings (00700) had a trading amount of 16.25 billion with a net buy of +2.91 billion [2] - Pop Mart (09992) recorded a trading amount of 12.90 billion with a net buy of +4.35 billion [2] - Xiaomi Group-W (01810) had a trading amount of 11.95 billion with a net buy of -883.856 million [2] - China Mobile (00941) achieved a trading amount of 7.58 billion with a net buy of -789.845 million [2] - China Duty Free Group (01880) recorded a trading amount of 6.07 billion with a net buy of +1.18 billion [2] - 3SBio (01530) had a trading amount of 6.05 billion with a net buy of -11.6094 million [2] - Meituan-W (03690) achieved a trading amount of 5.70 billion with a net buy of -306.287 million [2]

Core Viewpoint - Ganfeng Lithium has made significant progress with its PPGS lithium salt lake project in Argentina, as the environmental impact assessment report has been issued by the Salta Province's Mining and Energy Secretariat [1] Group 1 - Ganfeng Lithium's PPGS lithium salt lake project has received the Environmental Impact Assessment Report (DIA) [1]

Core Insights - The article discusses the upcoming 2025 (10th) Lithium Battery Industry Annual Conference and the Lithium Battery Golden Tripod Award Ceremony, highlighting the significance of advancements in battery technology and energy storage solutions [2][4]. Industry Developments - In early 2025, BMW announced the upcoming deployment of large cylindrical batteries in 2026, prompting a surge in the industry towards 46-series large cylindrical batteries [2]. - The Ministry of Industry and Information Technology released new safety standards for electric vehicle batteries, sparking widespread discussions on battery performance [2]. - Several companies have begun mass production of full-tab cylindrical batteries, which are expected to find applications in electric vehicles, power tools, electric bicycles, and smart home devices [2]. - Solid-state batteries are gaining attention for their high safety and energy density, maintaining high interest levels in 2025 [2]. Energy Storage Trends - The cancellation of mandatory energy storage policies by the government has raised concerns about future demand for energy storage batteries [2]. - The 314Ah battery is gradually replacing the 280Ah as the mainstream cell, with companies like CATL and EVE Energy releasing cells with capacities exceeding 500Ah, indicating a trend towards larger capacity storage cells [2]. - The U.S. tariff policy in 2025 has impacted the global energy storage industry [2]. Emerging Applications - The debut of humanoid robots at the Spring Festival has sparked interest in battery applications for humanoid robots, leading to increased competition among battery manufacturers [2]. - Various local policies promoting low-altitude economies are accelerating the development of the eVTOL (electric vertical takeoff and landing) industry [2]. Event Details - The event will take place from December 17-19, 2025, in Shenzhen, featuring over 2000 attendees and 30000 online viewers [4][5]. - The conference will include nine specialized forums and over 60 keynote speakers discussing core issues, technological breakthroughs, safety challenges, and value chain restructuring [5][6]. Awards and Recognition - The Lithium Battery Golden Tripod Award aims to recognize outstanding contributions to the lithium battery industry and promote sustainable development across the entire supply chain [11]. - The award evaluation will take place from September 1 to November 25, 2025, with the final winners announced between December 1 and December 10, 2025 [12][13].

Core Insights - Ganfeng Lithium announced significant progress in the development of the PPGS lithium salt lake project in Argentina, having received the Environmental Impact Assessment Report from local authorities [1] - The project is set to submit a large-scale investment application in the first half of 2026 [1] - Ganfeng International and LAR hold 67% and 33% equity stakes in Millennial, respectively [1] Project Details - The project has approximately 15.07 million tons of LCE (Lithium Carbonate Equivalent) proven and controlled resources [1] - The designed annual production capacity is around 150,000 tons of LCE, with construction planned in three phases [1] - The average operating cost for producing 150,000 tons of LCE per year is $5,027 per ton, while the first phase, with an annual output of 50,000 tons of LCE, has an operating cost of $5,344 per ton [1]

证券代码：002460 证券简称：赣锋锂业 编号：临2025-133 江西赣锋锂业集团股份有限公司 关于公司与LAR共同开发PPGS锂盐湖的进展公告 本公司及其董事会全体成员保证公告内容真实、准确和完整，无 虚假记载、误导性陈述或者重大遗漏。 一、项目进展情况 江西赣锋锂业集团股份有限公司（以下简称"公司"或"赣锋 锂业"）于2025年8月12日召开第六届董事会第四次会议审议通过了 《关于赣锋国际与LAR共同整合合资公司并为LAR提供财务资助的 议案》。同意GFL International Co.,Ltd（以下简称"赣锋国际"）与 Lithium Argentina AG （ 以 下 简 称 " LAR " ） 共 同 开 发 阿 根 廷 Pozuelos-Pastos Grandes盐湖盆地，通过整合Millennial，将公司全资 持有的PPG锂盐湖项目，双方共同持有的PG锂盐湖项目以及Puna锂 盐湖项目整合至Millennial旗下（三个盐湖项目整合后统称"PPGS 锂盐湖项目"）。整合完成后，赣锋国际和LAR将分别持有 Millennial67%和33%的股权，并按份额共同持有PPGS锂盐湖项目。 ...

Core Viewpoint - MSCI announced changes to the MSCI China Index, adding 26 stocks and removing 20, effective after market close on November 24 [1] Group 1: Changes in Index Constituents - Nine new stocks listed in Hong Kong include China Gold International (02099.HK), Zijin Mining International (02259.HK), UBTECH Robotics (09880.HK), Ganfeng Lithium (01772.HK), Dongfeng Motor Group (00489.HK), Crystal International (02228.HK), China Nonferrous Mining (01258.HK), Rongchang Biopharma (09995.HK), and GF Securities (01776.HK) [1] - Four stocks removed from the index include China Everbright Bank (06818.HK), Beijing Enterprises Water Group (00371.HK), AVIC Trust (00696.HK), and China Resources Pharmaceutical (03320.HK) [1] Group 2: Impact on Stock Weights - The adjustment will affect the free float factors of 19 companies and the number of shares for 142 companies, leading to changes in index weightings [1] - New entrants like China Gold International, Zijin Mining International, UBTECH Robotics, and Ganfeng Lithium will see their weights increase, while Tencent (00700.HK), Alibaba-W (09988.HK), Kuaishou-W (01024.HK), and China Everbright Bank will experience the largest declines in weight [2] Group 3: Predicted Fund Flows - Expected inflows for stocks with increased weights include: - China Gold International (02099.HK): +0.129%, inflow of $187 million - Zijin Mining International (02259.HK): +0.12%, inflow of $173 million - UBTECH Robotics (09880.HK): +0.116%, inflow of $167 million - Ganfeng Lithium (01772.HK): +0.093%, inflow of $134 million - Dongfeng Motor Group (00489.HK): +0.092%, inflow of $133.6 million [2] - Expected outflows for stocks with decreased weights include: - Tencent (00700.HK): -0.231%, outflow of $334 million - Alibaba-W (09988.HK): -0.137%, outflow of $198 million - Kuaishou-W (01024.HK): -0.061%, outflow of $88.1 million - China Everbright Bank (06818.HK): -0.047%, outflow of $68.1 million [2][3]