Tiandong Baikuang's 600,000 mt/year Anode Project Exceeds 1.105 Billion Yuan in Output in 7 Months

Supported by rigid cost support and a low-supply pattern, combined with the upcoming new round of tender pricing in September and the sentiment boost from successive increases in hydrofluoric acid long-term contract prices, aluminum fluoride prices are expected to consolidate on a strong note in September. However, with downstream aluminum producers pushing for lower prices and making just-in-time procurement, upside room is relatively limited.

Dingsheng New Energy Materials (603876.SH) announced that it planned to issue A shares to no more than 35 specific investors, raising total proceeds of no more than 1.216 billion yuan. The issue price would not be lower than 80% of the average trading price of the company’s stock over the 20 trading days prior to the pricing base date, and the number of shares to be issued would not exceed 30% of the company’s total share capital before the issuance. After deducting the issuance expenses, the proceeds would be used for the 50kt/year battery aluminum foil production and construction project, the 25kt/year functional carbon-coated battery aluminum foil technological transformation project, the 30kt/year battery aluminum foil technological transformation project, and for supplementing working capital.