Tianqi Lithium profits down by 83% on fall in lithium prices

By Martim Facada
Published: Tuesday, 30 April 2019

Tianqi Lithium has reported a decrease in profits in the first quarter of 2019 due to lower lithium prices and high interest payments on M&A loans.

Producer Tianqi Lithium has reported a year-on-year fall in net income of 83.14% to 111 million yuan ($16.47 million) and revenue down by 19.89% to 1.337 billion yuan in the first quarter of 2019.

In a financial statement released on Monday April 29, the company said...

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