|Bid||91.82 x N/A|
|Ask||91.83 x N/A|
|Day's Range||90.85 - 99.99|
|52 Week Range||19.17 - 143.17|
|Beta (5Y Monthly)||1.10|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr. 28, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Jun. 19, 2019|
|1y Target Est||N/A|
Ganfeng Lithium Co, one of the world's top lithium producers, on Wednesday posted a sixty-fold rise in first-quarter profit as higher prices for the commodity used in electric-vehicle batteries added to bumper income from financial assets. The Chinese company, which counts automakers Tesla and BMW among its customers, said in a filing its net profit in January-March was 476.1 million yuan ($73.44 million). That was up from 7.75 million yuan in the first quarter of 2020, when a knock to demand from coronavirus exacerbated lithium oversupply and further depressed prices, but was down from 694.2 million yuan in the fourth quarter.
China's Tianqi Lithium Corp said on Friday its financial situation has not improved in recent weeks as a major repayment deadline on a $3.5 billion loan looms and its application to adjust the terms is still under review. Chengdu-based Tianqi Lithium, one of the world's biggest producers of the commodity used in electric-vehicle batteries, is due to make a $1.88 billion payment at the end of November on a syndicated loan led by China Ciitic Bank, which was taken out to buy a stake in Chile's SQM in 2018. "Although the company has formally submitted an application for adjusting the structure of the loan terms to the syndicate, it is currently still under review," Tianqi said in a Shenzhen Stock Exchange filing.