Gewinn & Umsatz News zur TIANQI 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...

China's Tianqi Lithium Corp. swung to profitability after five straight quarterly losses as increased production and sales offset languishing prices for the key battery material....

Tianqi Lithium Corp. warned that it expects to post a net loss of as much as 8.2 billion yuan ($1.1 billion) for 2024, and is halting an expansion project in Australia as a downturn in the battery metals markets drags on....