TREE NEWS reports: Ganfeng Lithium and Tianqi Lithium reported year-on-year net profit growth of 19,540.50% and 3,013.86% respectively for the first three quarters, as lithium salt prices rose significantly year on year on recovering downstream demand. Several lithium miners disclosed third-quarter results by Oct. 26. Demand is shifting from EV-driven to a “EV plus energy storage” dual driver, with robotics and low-altitude economy opening incremental space, a company executive said.
Ganfeng, Tianqi Q3 profits surge on lithium demand recovery
AI take
The scale of these profit jumps reflects how far lithium prices had fallen a year earlier, so the rebound says as much about the base effect as about current demand. The more substantive signal is the claimed shift from EV-led consumption to an EV-plus-storage dual driver, with robotics and low-altitude applications floated as incremental demand. Those are still early-stage narratives rather than proven volumes. Whether storage demand can carry lithium pricing once the year-on-year comparison normalizes is the open question for the sector.
Generated by AI for reference only.
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