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

Nikkei Asia LogoNikkei Asia2 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.


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Article Details

Author / Journalist: ECHO WONG

Category: InvestingFinanceAsia

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-12-01 @ 08:34:00 (2 months ago)

News Timezone: GMT +9:00

Ranking: #3186 (out of 6302 stories this day)

News Source URL: news.google.com

Language: English

Article Length: 163 words

Reading Time: 1 minutes read

Sentences: 7 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Nikkei Asia

News ID: 2076305

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About Nikkei Asia

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Main Topics: InvestingFinanceBusiness

Official Website: asia.nikkei.com

Update Frequency: 16 posts per day

Year Established: 1876

Headquarters: Japan

News Last Updated: 8 hours ago

Coverage Areas: Japan

Ownership: Independent Company

Publication Timezone: GMT +9:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #19

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  • URL: https://beamstart.com/news/china-nickel-producer-makes-hong-16698845198500

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