Reported about 1 month ago
Tianqi Lithium Corp. has reported a net loss of 5.21 billion yuan ($734 million) for the first six months of the year, marking its first such loss since 2020. The decline is attributed to a significant slump in battery metal prices amid a supply glut and slower-than-expected demand growth from electric vehicle manufacturers. The company has shifted to a monthly pricing formula for spodumene concentrate to mitigate adverse effects on pricing.
Source: YAHOO