Gewinn & Umsatz News zur GANFENG Aktie

 

China's top lithium producers swung back to profitability in the third quarter, buoyed by a rebound in lithium prices, triggering a surge in related equities. Tianqi Lithium Corp. and Ganfeng Lithium Group Co. Ltd. both reported a return to profit in their latest earnings reports. Shares of lithium-related companies soared on the news, with Tianqi and Yongxing Special Materials Technology Co. Ltd. hitting the daily 10% gain limit Thursday. Ganfeng rose 5.3%. The rebound marks a sharp reversal for the sector, which had been struggling with losses amid a supply glut and falling prices. A mix of disciplined production cuts, stronger demand from electric vehicles and energy storage, and policy support from Beijing is reviving the once-beleaguered market. Tianqi reported a third-quarter net profit attributable to shareholders of 95.5 million yuan ($13.4 million), up more than 100% from a year earlier. That brought its nine-month profit to 180 million yuan, reversing a loss for the same period last year. Quart...