|Bid||115.40 x N/A|
|Ask||115.41 x N/A|
|Day's Range||111.60 - 116.95|
|52 Week Range||25.29 - 143.17|
|Beta (5Y Monthly)||1.10|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 28, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Jun 19, 2019|
|1y Target Est||N/A|
One of the world's largest producers of lithium, as well as its biggest customer in the assembly of lithium-ion battery packs, have announced separate fundraising plans to expand their production amid soaring worldwide demand for the renewable energy source in the booming electric car industry. Tianqi Lithium Corporation, based in the Sichuan provincial capital of Chengdu, was given the go-ahead by its seven-member board to offer 20 per cent of its enlarged capital in an initial public offering
China's Tianqi Lithium Corp, one of the world's top lithium producers, posted its first net profit in two years on Sunday as prices for the commodity used in electric-vehicle (EV) batteries rebounded strongly from a protracted slide. Chengdu-based Tianqi said in a filing to the Shenzhen Stock Exchange its net income was 85.8 million yuan ($13.3 million) for the first half of 2021, rebounding from a loss of 696.6 million yuan a year earlier. That implies a second-quarter profit of 333.7 million yuan, after a 247.9 million yuan loss in January-March, marking Tianqi's best quarterly result since the fourth quarter of 2018.
Ganfeng Lithium Co, one of the world's top lithium producers, on Wednesday posted a sixty-fold rise in first-quarter profit as higher prices for the commodity used in electric-vehicle batteries added to bumper income from financial assets. The Chinese company, which counts automakers Tesla and BMW among its customers, said in a filing its net profit in January-March was 476.1 million yuan ($73.44 million). That was up from 7.75 million yuan in the first quarter of 2020, when a knock to demand from coronavirus exacerbated lithium oversupply and further depressed prices, but was down from 694.2 million yuan in the fourth quarter.