---
title: "Weekly Recap: H1 2026 net profit rise and PPG JV for 150,000 tpa LCE"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/297438831.md"
description: "Ganfeng Lithium reported H1 2026 net profit of RMB 4.3B, driven by higher lithium prices and battery sales. The company expanded global resources via a 67% JV with Lithium Argentina targeting 150,000 tpa LCE production by Sep 2026. Additionally, subsidiary GFL International purchased a $180M convertible debenture from LAR using its own funds."
datetime: "2026-08-30T23:14:09.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/297438831.md)
  - [en](https://longbridge.com/en/news/297438831.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/297438831.md)
generator: "portal-rs"
---

# Weekly Recap: H1 2026 net profit rise and PPG JV for 150,000 tpa LCE

Ganfeng Lithium Group Co., Ltd. Class H (SZSE:002460) reported H1 2026 net profit of RMB 4.3B as revenue rose on higher lithium prices and battery sales, while expanding global resources: a 67% JV with Lithium Argentina targets 150,000 tpa LCE and GFL International will buy a $180M convertible debenture in LAR.

**Previous Week Recap**

-   **H-Class H1 2026 Net Profit**: Ganfeng Lithium (002460) H-class: H1 2026 net profit RMB 4.3B; revenue and net profit rose YoY on higher lithium prices and battery sales; expansion of global resources and major projects ongoing. 2 sources
-   **GFL International, Lithium Argentina JV**: Ganfeng Lithium H (002460) says subsidiary GFL International and Lithium Argentina formed a PPG JV (67% Ganfeng) to combine Salta brine projects, targeting 150,000 tpa LCE; completion by Sep 2026. 2 sources
-   **GFL Buys $180M Debenture**: Ganfeng Lithium (002460) subsidiary GFL International will buy a $180M, 6-year unsecured convertible debenture issued by LAR, using its own funds; instrument is convertible and unsecured. Reuters

**Disclaimer**

This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original sources.

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**