On June 11, Lopal Tech rose 5.02% in regular trading, trading at HK$12.66/share, with trading volume of HK$46.30 million, rebounding after multiple days of adjustment.

On the news front, the company announced on June 10 that its controlled subsidiary LBM New Energy (AP) Pte. Ltd. plans to invest approximately $160 million (around RMB 1.088 billion) through its wholly owned unit PT LBM Energi Baru Indonesia Batang to build the Indonesia LBM Phase 3 project. The project will construct production lines with annual capacity of 120,000 tonnes of second- and third-generation lithium iron phosphate (LFP) cathode materials, located in Batang Integrated Industrial Park in Central Java, Indonesia. Lopal Tech's share of the investment is approximately RMB 377.3 million. Construction is expected to commence in July with a 12-month build period, and the projected return on investment is 24.38%.

The company stated that growing global demand for LFP cathode materials, driven by rapid EV and energy storage industry expansion, underpins the investment. Lopal Tech reported Q1 revenue of RMB 3.497 billion, up 119.61% year-over-year, with net profit of RMB 214 million, a turnaround from prior losses.

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