share_log

Ganfeng Lithium Profit Soars On Skyrocketing Prices, as Company Moves Into Batteries

Benzinga Real-time News ·  Jan 28, 2022 14:26

Key takeaways:

  • Ganfeng Lithium said its profit last year surged as much as 4.37 times on soaring lithium prices
  • Company's new battery-related projects and new production capacity could provide important future growth engines

By Fai Pui

Sometimes known as "white oil", lithium is probably the most talked-about periodic table element in financial markets lately. You are also probably no stranger to it, either. Given how important it is for the production of new energy vehicle batteries, people in the Chinese car industry like to joke that electric battery makers holds the purse strings of electric vehicle (EV) makers...

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment