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Chinese lithium majors sink into red despite EV growth

Tianqi and Ganfeng warn of substantial losses in first half due to falling prices

© Reuters KENJI KAWASE, Nikkei Asia chief business news correspondentJuly 10, 2024 17:16 JST | China HONG KONG -- The rise of China's electric vehicle industry is sending shock waves through the global auto market, but local players producing lithium -- a key ingredient for EV batteries -- are feeling financial pain from depressed prices. ArrowArtboardCreated with Sketch.ArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

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