Ganfeng, Tianqi hit by price downturn

Ganfeng Lithium and Tianqi Lithium issued profit warnings for the first half of 2025, citing falling lithium prices and sector volatility. Ganfeng expects net losses of RMB 300–550 million, while Tianqi could return to profit with net income of up to RMB 155 million, supported by inventory gains and asset sales. Both flagged risks from tariffs, exchange rates, and price wars.