One Of China's Top Two Lithium Giant To Expand Capacity Aggressively As It Bets On NEV And Energy Storage Markets In The Long Run, Despite Cyclical Downturn Of Lithium Carbonate Prices

Tianqi Lithium, one of China's top two lithium producers, said that it is confident in the long-term development of the new energy industry. According to Tianqi Lithium, although there is a risk of periodic price fluctuations in lithium prices, the high growth expectations of downstream terminals, especially new energy vehicles and ships, and the energy storage industry in the future, combined with policy support, mean that the fundamentals of the lithium industry will improve in the next few years. In the future, the company will continue to consolidate the layout of upstream lithium resources, steadily implement the company's lithium product expansion plan, and strive to bring its total capacity of lithium carbonate equivalent to around 300,000 mt by 2027.