On April 17, Ganfeng Lithium issued an announcement, estimating that its net profit attributable to shareholders of the listed company for the first quarter of 2026 will reach Yuan 1.6 billion to 2.1 billion, marking a turnaround from a loss to a profit year-on-year.
During the reporting period, benefiting from the rapid development of the global new energy industry and robust growth in downstream customer demand for lithium salts, the company's selling prices for lithium salt products increased significantly compared with the same period last year. In addition, with the capacity release of the company's lithium resource projects, its cost structure has been continuously optimized. Furthermore, driven by the sustained growth of the power battery and energy storage markets, the production and sales volume of the company's lithium battery segment increased notably, leading to a year-on-year rise in operating performance.
Join Mysteel's April 30 webinar to explore whether supply disruptions will drive the next leg higher for lithium and nickel markets in Q2 2026. https://www.mysteel.net/event-listings/100067-q2-2026-lithium-and-nickel-will-supply-disruptions-fuel-further-price-hikes
Edited by Cassie Li, lixiangying@mysteel.com
