Enchem Announces Q2 Earnings

On August 17, Yongtai Technology disclosed that the trial production plan for its wholly-owned subsidiary, Inner Mongolia Yongtai Chemical Co., Ltd.'s annual 6,666.6-ton VC project was reviewed and approved by experts on August 15, 2026, and has met the conditions for trial production, which will now commence. The company's original VC production capacity was 10,000 tons/year. With the addition of this new 6,666.6-ton/year capacity, the company's total production capacity for the electrolyte additive VC will reach 16,666.6 tons/year. The commissioning of this project will further enhance the company's VC production capacity and economies of scale, strengthen its business development in the lithium battery materials sector, consolidate its industry position and market share, and contribute to improving the company's overall market competitiveness and profitability.

On August 17, Suzhou Tianhua New Energy Technology Co., Ltd. released its semi-annual report. The report shows that in the first half of 2026, Tianhua New Energy achieved operating revenue of 7.780 billion yuan, a year-on-year increase of 125%; net profit attributable to shareholders of the listed company was 2.292 billion yuan, compared to a loss of 90.8597 million yuan in the same period last year, representing a year-on-year increase of 2622.89% based on adjusted data from the same period last year; basic earnings per share were 2.76 yuan. Total assets reached 27.916 billion yuan, an increase of 29.43% compared to the end of the previous year. During the reporting period, the construction of the subsidiary Sichuan Tianhua New Energy's lithium battery material project (Phase II) officially commenced at the Ganmei Industrial Park, planning to build a production facility with an annual capacity of 60,000 tons of battery-grade lithium carbonate. Upon project completion, Sichuan Tianhua will have a production line layout of 60,000 tons/year of battery-grade lithium hydroxide and 60,000 tons/year of battery-grade lithium carbonate, allowing flexible product switching based on downstream market demand.

This week, operations across the industry chain continued to diverge. The lithium segment remained relatively strong: an upward shift in the price center of lithium carbonate drove ore prices and lithium hydroxide higher, but salt plants became less willing to accept high-priced ore, and further gains were still constrained by margins. Lithium carbonate futures retreated from highs, while spot inquiries and transactions improved somewhat; downstream demand was still dominated by just-in-time procurement. Some metal salts and intermediate product markets remained weak, with more low-priced supply and muted actual transactions; nickel sulphate held steady, but spot orders were under pressure. Ternary cathode precursor prices were weak due to softer raw materials, while ternary cathode material continued to rebound, supported by a rebound in lithium chemicals and stockpiling ahead of the peak season. LFP supply and demand remained in a tight balance; tight raw materials, declining inventory, and rising processing fees strengthened cathode enterprises’ bargaining power. The anode, separator, and electrolyte segments were broadly stable, while supply bottlenecks persisted in parts of the sodium-ion battery chain. On the recycling side, demand for LFP electrode was active, while transactions in high-metal-content black mass were cautious; going forward, focus will be on whether peak-season demand materializes and how raw material price pass-through evolves.