Weak lithium prices drive 83% fall in profits at Tianqi

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Tianqi Lithium, China's biggest producer of lithium, said its net profit fell by 83 per cent in the first quarter because of weak lithium prices and high interest payments on a loan taken out to buy a stake in Chilean rival SQM for $4.1bn. The company is the latest ...

from Google Alert - Business http://bit.ly/2vrJvTz
Tianqi Lithium, China's biggest producer of lithium, said its net profit fell by 83 per cent in the first quarter because of weak lithium prices and high interest payments on a loan taken out to buy a stake in Chilean rival SQM for $4.1bn. The company is the latest ... https://ift.tt/eA8V8J

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