Tianqi and Ganfeng report record 2017 as Chinese converters ramp up new capacity expansions
China’s leading lithium converters - Ganfeng Lithium and Tianqi Lithium Corporation– both reported significant revenue increases in their annual reports for 2017 with increased sales volumes allowing them to further exploit ongoing high industry prices. Ganfeng led the way with a 54% increase in sales revenue and a massive 216% increase in net profits of RMB 1.47bn.
The company’s continued financial growth has been supported by a diverse portfolio of lithium production assets across the supply chain which have seen them become the world . . .