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Lithium’s Historic Rally Fuels Record Profits for China’s Miners

  • Tianqi Lithium’s preliminary net income surged over 1,000%
  • Ganfeng sees earnings increase on higher prices, battery sales
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China’s big lithium miners are set to reap record earnings after booming demand for the electric vehicle battery material sent prices surging to an all-time high last year. 

Tianqi Lithium Corp. forecasted preliminary net income for 2022 skyrocketed more than 10-fold, while rival Ganfeng Lithium Group Co. is predicting a surge of as much as 321%.