AT A GLANCE: Ganfeng Lithium revenue up 3.4% in 2020

A summary of China-headquartered Ganfeng Lithium’s 2020 annual report, released by the company on Wednesday March 31.

In brief

  • Total Revenue: 5.52 billion yuan ($841.2 million), up by 3.41% year on year
  • Revenue in domestic Chinese market: 3.92 billion yuan, up by 11.89% year on year
  • Revenue in international market: 1.60 billion yuan, down by 12.79% year on year
  • Net profit: 402.22 million yuan, down by 42.08% year on year


Output

54,312 tonnes of lithium carbonate equivalent (LCE), up by 0.13% year on year

Sales
63,013 tonnes of LCE, up by 30.13% year on year

Stocks
5,938 tonnes of LCE, down by 59.44% year on year

What to read next
Fastmarkets will amend the specifications of its existing price assessments for Europe/US lithium spot battery-grade and technical-grade lithium hydroxide and carbonate to remove the US footprint, and will launch weekly price assessments for spot battery-grade and technical-grade lithium hydroxide and carbonate for the United States and Canada on Thursday April 4.
A bullish consensus formed last week in Shanghai as leading market participants met for the annual CPICC conference and Shanghai Pulp Week. Meetings were held against the backdrop of growing concerns around market pulp and woodchip supply, while questions remained around the strength of underlying demand. Heading into the week, the rally in pulp prices […]
Chile’s government has laid out its plan to significantly boost the country’s lithium production, opening up 26 lithium salt flats for private investment and naming the Atacama and Maricunga salt flats as strategic to the state.
The March 2024 monthly averages were published today based on the index values of March 1, 8, 15 and 22.
Recent developments in China’s pulp and paper industry, notably the divestment of the Anhui Huatai pulp mill, prompted a closer examination of the dynamics of swing pulp lines, particularly the delicate balance between dissolving wood pulp and paper grade wood pulp. The Anhui Huatai pulp mill, which suspended production in the first half of 2023, […]
The result of Albemarle’s spodumene concentrate digital bidding event on Tuesday March 26 was 9,372 yuan ($1,230) per tonne on an ex-works China basis, according to sources close to the matter