Tianqi Lithium swings to loss on battery metal’s price plunge
The Chinese lithium miner posted a net loss of 5.21 billion yuan for the first six months, from a profit of 6.45 billion yuan a year earlier.
Bolivian state lithium miner YLB has named Omar Alarcon the firm’s new chief executive, state news channel Television Boliviana said on Monday, replacing predecessor Karla Calderon.
An official at the country’s energy ministry said the change was due to an internal adjustment.
Bolivia does not produce commercial quantities of lithium, a key battery metal used to power electric vehicles, but the US Geological Survey estimates it holds 23 million tons – the most resources of any country worldwide.
(By Daniel Ramos; Editing by Aida Pelaez-Fernandez)
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