Resumen de Lithium boom continues to fuel Chinese majors
Net profits for the two Chinese lithium producers - both of which are now firmly considered among the five major producers of lithium globally - also rose y-o-y for the same period - 18-fold in the case of Tianqi and almost five-fold in the case of Ganfeng, to Rmb 1.2bn and Rmb 486m respectively.
Spodumene shipments from [Ganfeng]'s part-owned Mt Marion project in Western Australia are due to begin this month. Ganfeng will receive all of the site's offtake. The mine has a slated capacity of 200,000 tpa 6% lithium concentrate and 200,000 tpa 4% lithium concentrate.
