Core Viewpoint - NextSource Materials Inc. has signed a letter of intent with a major Japanese anode material producer for a potential long-term supply of anode active materials for electric vehicle batteries [1] Group 1: Company Developments - The company has previously announced a binding, multi-year offtake agreement with Mitsubishi Chemical Corp. to supply 9,000 tonnes per annum of anode active materials to a major OEM for its North American electric vehicle operations [1]

Action | 17 Sep 2025 03:47:36 ET │ 13 pages CALB Group Co Ltd (3931.HK) Model Update; TP Raised to HK$33.4/sh, Maintain Buy CITI'S TAKE We update our CALB model post 1H25 result and revise up our 2025/26/27E earnings forecasts by 28%/22%/18% to Rmb1,721/2,640/3,583mn mainly to factor in mgmt. guidance and higher battery sales volume assumptions. Our TP of HK$33.40 (previously HK$19.90) is based on a 2026E P/E of 20.6x, the global battery producers' average. We believe the strong ESS battery demand and comme ...