China’s top lithium firms project up to 50-fold profit surge amid energy transition boom

China’s two largest lithium producers are set to report soaring earnings in the first half of the year, with profits projected to surge by as much as 50 times on the back of global demand for energy independence. Tianqi Lithium estimated net profit of between 2.85 billion yuan (US$420 million) and 4.25 billion yuan for the six months ended June 30, a year-on-year jump of between 3,276 per cent and 4,935 per cent, according to a filing with the Shenzhen Stock Exchange on Tuesday night. “Driven by...