Forum Judi Online
China's Tianqi make...
Clear all

China's Tianqi makes first profit in two years on lithium price rally

Mahasiswa Toto

China's Tianqi turns first profit in 2 years on lithium price rally |  Reuters


China's Tianqi Lithium Corp, one of the world's leading lithium producers. It announced its first net profit in two years on Sunday. Commodity prices used in electric vehicle (EV) batteries rebounded strongly from the protracted slide Chengdu-based Tianqi said in a lawsuit against the Shenzhen Stock Exchange that its net income was 85.8 million yuan ($13.3 million) in the first half of 2021, rebounding from losses. lost 696.6 million yuan in the previous year

We believe that players are aware of the สมัครสล็อตxo precautions. that we offer all It will help players. Play the game with carelessness and always keep an eye on yourself whether we are in the criteria to be cheated or taken advantage of However, all types of bets are risky. Even if players have a winning formula for online slots, how cool is it? Or have a careful approach to playing? You may fail, 

That means second-quarter profit of 333.7 million yuan after a loss of 247.9 million yuan in January-March. This is Tianqi's best quarterly results since the fourth quarter of 2018.Tianqi posted seven consecutive quarterly losses from mid-2019 after lithium prices spiked sharply in three years. which was driven by excess supply This leaves the company running out of capital and facing billions of dollars in default.

but in December The company has received more than $1.4 billion in investments in its Australian operations from IGO Ltd, and has been driven by a nearly tripling increase in lithium carbonate prices over the past 12 months. Due to the demand from the EV sector has returned.First-half revenue was 2.35 billion yuan, Tianqi said in the filing, an increase of 25.13 percent from a year earlier.

This month, Tianqi and IGO produced the first batch of battery chemistry. Lithium hydroxide from the Kwinana plant in Western Australia. which was suspended in early 2020 as the coronavirus outbreak worsened the liquidity of Chinese firms.The company said it expects commissioning more battery plants in the second half to boost lithium demand and expand prices.

Topic starter Posted : 30/08/2021 10:10 am