GreenergyDaily

Jul. 15, 2025

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.

The three producers, commenting in preliminary statements released late on Monday, cited lower lithium sale prices from January through June. Chengxin’s stock slid as much as 5.1% in Shenzhen. In Hong Kong, Ganfeng’s stock fell as steeply as 6.8% in morning trade, while Tianqi slid 3.3%.

Even after two consecutive years of losses, spot lithium carbonate prices in China retreated by almost another fifth in the first half, battering an industry that has struggled with a supply glut and slower-than-expected electric-vehicle sales. Domestic prices have seen some signs of recovery in recent weeks, thanks to Beijing’s pledge to regulate “disorderly” price competition in oversupplied sectors.

The companies are due to report full reports for the six months in August.