Latest news with #TianqiLithium
Bloomberg
17 hours ago
- Business
- Bloomberg
China's Lithium Giants Tumble After First-Half Profit Warnings
Shares in China's lithium producers fell sharply on Tuesday after two of the largest miners warned that battery-metal woes had weighed on earnings for the first half of the year. Tianqi Lithium Corp. forecast a negligible net income of up to 155 million yuan ($21.6 million) for the first six months, while Ganfeng Lithium Group Co. predicted a net loss of 300 million yuan to 550 million yuan for the same period. Chengxin Lithium Group Co. said its net loss could be as high as 850 million yuan.
Bloomberg
30-06-2025
- Business
- Bloomberg
Codelco Sticks to SQM Lithium Deadline as Deal Opposition Mounts
Chilean state mining company Codelco is on track to finalize a landmark deal with lithium supplier SQM well before the next government takes office next year, a company official said Monday. Amid mounting political opposition to the transaction heading into presidential elections, Codelco is sticking with its deadline of completing all pending approvals by the end of September, the Codelco official said. Those approvals include a final nod from Chilean nuclear agency CCHEN, community consultation and Chinese antitrust approval. China's Tianqi Lithium Corp. is a key shareholder in SQM.
