Lithium boom continues to fuel Chinese majors

By Albert Li
Published: Monday, 07 November 2016

Tianqi Lithium and Ganfeng Lithium both saw turnovers more than double in the first nine months of 2016.

Both Tianqi Lithium Industries Inc. and Jianxi Ganfeng Lithium Co. Ltd continue to benefit from strong lithium prices, their Q3 2016 results show.

Tianqi reported a turnover of Chinese renminbi (Rmb) 2.77bn ($410m) for the nine months ended September 2016, a year-on-year (y-o-y) increase of 112%. Ganfeng’s turnover over the same period increased...

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