China’s lithium carbonate producers report eightfold increase in profits

By Albert Li
Published: Monday, 11 April 2016

Both Tianqi and Ganfeng have seen earnings skyrocket in the first quarter of this year, owing to higher lithium prices driven by demand for the batteries sector, while fears that demand will significantly outpace supply this year is fueling frenzied buying activity.

Producers of lithium carbonate in China have reported surging profits for the first quarter of 2016, thanks to rising demand for the material from the electric vehicle (EV) sector.

Chinese output of EVs has expanded rapidly in the last two years, driven by government support for the uptake of the...

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