HONG KONG -- The rise of China's electric vehicle industry is sending shock waves through the global auto market, but local players producing lithium -- a key ingredient for EV batteries -- are feeling financial pain from depressed prices.
Companies
Chinese lithium majors sink into red despite EV growth
Tianqi and Ganfeng warn of substantial losses in first half due to falling prices
Brine pools at an SQM lithium mine in northern Chile. China's Tianqi Lithium, a major stakeholder in SQM, is feeling the effects of the lithium price downturn. © Reuters
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