Two Chinese Lithium Producers Expect to Report Stronger 1st Half as Prices Recover
By Tracy Qu
Two of the world's largest lithium producers in China are expected to report stronger first-half results, boosted by recovering lithium prices and robust demand from China's electric-vehicle and energy-storage sectors.
Tianqi Lithium expects to achieve a net profit of 2.85 billion yuan to 4.25 billion yuan, or US$420.86 million to US$627.59 million, according to a filing with Hong Kong Stock Exchange late Tuesday. That would easily beat the 84.41 million yuan recorded the same period last year.
The company said an increase in demand for lithium products from new energy industry, as well as higher lithium prices, supported its results.
Separately, Ganfeng Lithium expects to post net profit of 3.65 billion yuan to 4.60 billion yuan in the first half, supported by rising demand for lithium, according to a filing on Hong Kong Stock Exchange late Tuesday. That compared with a loss of 531.24 million yuan in first half of 2025.
Shares of Tianqi Lithium rose 0.9% in early trade Wednesday, while Ganfeng Lithium declined 1.2%.
Jefferies analysts said in a research note that both profit alerts come "with wide ranges." They added that further increases in the price of lithium would be needed for them to maintain their high margins.
Write to Tracy Qu at tracy.qu@wsj.com
(END) Dow Jones Newswires
July 14, 2026 23:52 ET (03:52 GMT)
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