Lithium mining companies restart "profit-making model"

Tianqi Lithium’s profit is expected to increase by up to 18 times, Salt Lake Shares and Zangge Mining’s net profits have doubled, Ganfeng Lithium has significantly turned around its losses… Overall, driven by the resonance of downstream power and energy storage battery demand and the stabilization and rebound of lithium carbonate prices, lithium mining companies are reactivating their “profit-making mode.” According to information gathered from multiple sources by reporters, lithium carbonate’s market performance in the first quarter is expected to continue throughout the year. Industry experts generally believe that, given the limited supply growth and strong downstream demand, lithium carbonate supply is likely to remain in a tight balance throughout the year, with a low probability of large price fluctuations. Companies with low costs and high self-sufficiency are expected to continue leading in the new competitive landscape. (Shanghai Securities News)

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