China's Ganfeng Lithium hints 'significant' profit growth in H1 2021
(Kitco News) - China's Ganfeng Lithium, the world's largest lithium metal producer, reported yesterday that the profit attributable to shareholders of the listed company for the six months ended June 30, 2021, is expected to increase "significantly".
Ganfeng attributed expected profit growth to the products sales price of the
company that was higher than expected during the reporting period, and to the
increase in fair value of financial assets held by the company, such as Pilbara, during the reporting period.
Ganfeng Lithium assets are located across the globe and it is the only company in the lithium industry that has the commercial scale technologies to extract lithium from brine, ore and recycled materials. The group's lithium compound capacity ranks third worldwide, first in China, and it is the world's largest lithium metal producer. The group has complete battery manufacturing and recycling technology.