(Bloomberg)–Tianqi Lithium Corp alerted that it anticipates to upload a bottom line of as high as 8.2 billion yuan ($ 1.1 billion) for 2024, and is stopping a growth job in Australia as a decline in the battery steels markets drags out.
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A downturn in lithium costs added to a sharp decrease in running productivity throughout 2024, also as manufacturing and sales of lithium items expanded, the business claimed in a notification to financiers onThursday It’s additionally anticipating a sharp decrease in revenue occurring from its financial investment in Chilean lithium manufacturer Sociedad Qu ímica y Minera de Chile, it claimed.
The business has actually additionally made a decision to stop building on a 2nd assembly line at its Kwinana lithium refinery in Western Australia, which it possesses with Australian miner IGO Ltd., it claimed in a different declaration.
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