Logo 01 Feb 2024

Battery battering leaves lithium low

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Profits for China's top lithium producers are plunging as battery growth slows.
The latest: On Tuesday, Ganfeng Lithium and Tianqi Lithium warned shareholders that their net profits declined an estimated 70-80% y/y and 62.9-72.6% y/y, respectively, in 2023.

In turn, the companies' shares promptly t...