Ganfeng Lithium Third-Quarter Net Fell on High Costs

News Room

By Jiahui Huang

Ganfeng Lithium’s third-quarter net profit fell 98% on the year, mainly due to high operating costs.

Net profit for the quarter ended September was 159.7 million yuan ($21.8 million), while revenue fell nearly 43% to CNY7.54 billion, the company said late Monday.

Operating…

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