Apr 18, 2024 17:18
Today's lithium carbonate market was stable with a minor decline, as the SMM index dropped to 110,825 yuan/ton (~$15,307.32 USD/ton), and futures fell by 0.73%.
Apr 16, 2024 22:39
Against the backdrop of declining revenue, Contemporary Amperex Technology Co. Limited (CATL) continues to maintain an upward trend in net profits, remaining at a scale of over 10 billion yuan, thanks to the improvement in the company's gross profit margin. According to Choice data, the company's sales gross profit margin of 26.42% is the highest in nearly two years. This Q1 performance report has been considered by the industry to exceed expectations, possibly leading to Moody's Investors Service upgrading CATL's issuer rating from Baa1 to A3 today.