Ganfeng revenue up with increased focus on innovative lithium products

By Albert Li
Published: Tuesday, 30 August 2016

Net profit and turnover for the Chinese lithium producer increased for the first half of the year as the company has focused research on further processing of lithium products and new materials for Li-ion batteries.

China’s Ganfeng Lithium Co. has reported a turnover of Chinese renminbi (Rmb) 1.34bn ($200.65m) for the first half of 2016, an increase of 147% year-on-year (y-o-y).

Net profit also increased 445% to Rmb 278.15m, an increase which the company attributes to its focus on further processing of...

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