Lithium Rally Fuels Record Profits for China’s Miners on EV...

Lithium Rally Fuels Record Profits for China’s Miners on EV Battery Demand - Bloomberg

Lithium’s Historic Rally Fuels Record Profits for China’s Miners

• Tianqi Lithium’s preliminary net income surged over 1,000%
• Ganfeng sees earnings increase on higher prices, battery sales

By
Annie Lee
30. Januar 2023 um 03:17 MEZ
From


...Lithium producers have unveiled a flurry of expansion plans to meet the battery boom, while takeover activity is also picking up in the sector. This month, Tianqi’s joint venture with IGO Ltd. said it will purchase Sydney-listed Essential Metals Ltd., while Ganfeng announced plans to spend 15 billion yuan ($2.22 billion) building two battery plants in China. .....