Chengxin Lithium
Chinese lithium producers expect net profit to plunge in 2023 on falling lithium prices
Lithium producers including Ganfeng and Tianqi expect their net profits in 2023 to be much lower than in 2022, with the common reason being a sharp drop in lithium prices.
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BYD secures $593 million worth of lithium supplies from local producer
This is the first lithium supply contract BYD has secured after its strategic stake in Shenzhen Chengxin, which is expected to give it a more stable supply of raw material.
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