Tianqi Lithium doubles annual loss guidance
Tianqi's shares slumped as much as 10% on Tuesday, the lowest since November 2015.
Tianqi's shares slumped as much as 10% on Tuesday, the lowest since November 2015.
Changing habits in China following covid-19 could add further stimulus but new EV subsidy rules could prove headache for Tesla in China.
Key moves in the mining sector.
The Cinovec lithium and tin project in Czech Republic, funded to construction, could become the first EU producer of battery-grade lithium.
Company warned of an impact to battery supply chains outside of China for up to six months.
The pandemic has already stymied a US push to develop lithium, while miners have warned the virus could hit to sales and prices further this year.
Tianqi flagged losses for Q1 of 450-510 million yuan, which may force it to sell part of its stake in the Greenbushes mine in Australia.
Eramet had already put the project on hold in February, citing economic and regulatory instability in the country.
Cinovec in the Czech Republic is the largest lithium deposit in Europe.
The miner says it has yet to see any material impact to the Pilgangoora operations from the coronavirus pandemic.