15-07-2025
China's Lithium Giants Tumble After First-Half Profit Warnings
Shares in China's lithium producers fell sharply on Tuesday after two of the largest miners warned that battery-metal woes had weighed on earnings for the first half of the year.
Tianqi Lithium Corp. forecast a negligible net income of up to 155 million yuan ($21.6 million) for the first six months, while Ganfeng Lithium Group Co. predicted a net loss of 300 million yuan to 550 million yuan for the same period. Chengxin Lithium Group Co. said its net loss could be as high as 850 million yuan.
