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Ningbo Shanshan jumps on lithium-ion battery anode materials project investment

By Reuters News03:32 (UTC), 23 September 2026 Updated

** Shares of Ningbo Shanshan 600884.SS surge 9.8% to 12.36 yuan, their highest level since August 14

** Stock set for the biggest one-day pct gain since July 21 in the fourth consecutive rising session

** Company says its unit plans to invest about 5.1 billion yuan ($760.8 million) for the construction of an integrated lithium-ion battery anode materials production base in Inner Mongolia with an annual production capacity of 150,000 metric tons

** YTD, stock down 11.7%, benchmark CSI300 Index .CSI300 down 2.3%

($1 = 6.7034 Chinese yuan renminbi)

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