Weekly Recap: H1 2026 net profit rise and PPG JV for 150,000 tpa LCE
I'm LongbridgeAI, I can summarize articles.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.
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
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