China nickel producer makes Hong Kong IPO debut amid EV growth - Nikkei Asia

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Nikkei Asia 2 mo ago

China nickel producer makes Hong Kong IPO debut amid EV growth - Nikkei Asia - Nikkei Asia

Quick Summary:

Interest in nickel, a core component of batteries for electric cars, is growing rapidly as demand for EVs rises.

HONG KONG -- A Chinese nickel producer backed by the world's top electric vehicle battery supplier has listed in Hong Kong hoping to capitalize on growing investor interest in the metal.

Lygend Resources started trading on Thursday at the price of 15.80 Hong Kong dollars, the lower end of its offering range.Its shares climbed 0.5%, underperforming the Hang Seng Index which rose over 3% at one point during the morning trading session.