Tianqi Lithium warns of 2024 loss, halts Australia expansion
The Chinese miner warned that it expects to post a net loss of as much as 8.2 billion yuan ($1.1 billion) for 2024.
The U.S. Commerce Department said on Tuesday it has made a preliminary determination that aluminum sheet imports from China are being subsidized.
The Commerce Department calculated preliminary subsidy margins ranging from 31.20 to 113.30 percent of the value of the imported common alloy aluminum sheet.
In 2016, imports of common alloy aluminum sheet from China were valued at an estimated $600 million, the department said in a statement.
Reporting by Eric Beech and David Lawder; Editing by Mohammad Zargham and Sandra Maler.
