The March Quarterly Performance Report for the China CleanTech Index is now available. The best performing sub-indices for the quarter were the 15.9% gain for the China Storage Index and the 15.1% gain for the China Environment Index. The worst result was recorded by the 0.9% loss from the China Waste Index.
Jiangxi Ganfeng Lithium Co Ltd
Pioneer Resources Limited (ASX:PIO) (OTCMKTS:PIONF), in conjunction with its strategic partner International Lithium Corp. (CVE:ILC), is pleased to announce the lithium analytical results from its recently completed maiden drill programme at the Mavis Lake Lithium Project in the province of Ontario, Canada.
Capital Mining Limited (ASX:CMY) is pleased to announce the commencement of its next phase of exploration at the Company's Wolfhound Lithium Projects in the Republic of Ireland.
Neometals Ltd (ASX:NMT) and Mineral Resources Limited (ASX:MIN) have together announced that their jointly owned subsidiary, Reed Industrial Minerals Pty Ltd has entered into a conditional Memorandum of Understanding (MOU) with China's second largest lithium producer Jiangxi Ganfeng Lithium Co., Ltd (SHE:002460).
The combined investment themes of China and environment provide a compelling case for investment. The sector remains volatile as it matures and reacts to environmental and industry development policy shifts. The quality and scale of the companies included in the sector varies widely and strong research into both sub-sectors and companies is essential before committing to the sector.
The China CleanTech Index rose from 46.8 to 47.8 over the month of September recording a 2.0% gain. This compared to the NEX loss of 6.6%, the CTIUS loss of 6.9%, the Shanghai Composite gain of 6.6% and the MSCI loss of 2.9%. The China CleanTech 20 recorded a 1.9% loss.
The best performing sub-indices for the month were the China Efficiency Index with a 13.0% gain and the China Storage Index with an 11.6% gain. The two weakest sub-indices through August were the China Waste Index which recorded a gain of only 4.5% and the China Water Index recording a gain of 5.5%.
The best performing sub-indices for the month were the China Hydro Index with a 6.7% gain and the China Efficiency Index with a 1.0% gain. The two weakest sub-indices through July were the China Storage Index which recorded a loss of 7.5% and the China Solar Index recording a loss of 7.3%.
The China CleanTech Index provides the April-June 2014 quarterly performance report. It includes: China CleanTech Index overview, China CleanTech Index performance, component sub-indicies and index component companies.
The China CleanTech Index underperformed all of its four benchmarks for the month of March 2014 and recorded a loss of 4.5%. The China CleanTech Index fell from 46.8 to 44.7 over the month of March recording a 4.5% loss. This compared to the NEX loss of 2.5%, the CTIUS loss of 0.9%, the Shanghai Composite loss of 1.1% and the MSCI loss of 0.1%. The China CleanTech 20 fared worse with a loss of 5.7%.