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Original article: GANFENG LITHIUM multiplica sus ganancias por 10 y traza el futuro del «Reino del Litio»

Amid the unstoppable rise of the global renewable energy market, Chinese lithium giant Ganfeng Lithium (Code: 002460.SZ) has once again amazed the market with spectacular performance. According to the latest research report from Soochow Securities, Ganfeng Lithium’s results for the first half of 2026 not only met but surpassed analysts’ expectations, driven by the continuous surge in lithium prices, demonstrating remarkable «profit elasticity».

Record Figures: Year-on-Year Growth of Up to 10 Times

The research report indicates that, according to the company’s preliminary announcement, the net profit attributable to the parent company’s shareholders for the first half of 2026 is projected to be between 3.65 and 4.6 billion yuan, marking an astonishing year-on-year increase of 787% to 966%. This means that, in just six months, Ganfeng Lithium has managed to multiply its profits nearly tenfold compared to the same period last year.

Quarterly figures indicate that the second quarter of 2026 (April-June) maintains a strong growth momentum. The net profit attributable to the parent company’s shareholders during this period is estimated to be between 1.81 and 2.76 billion yuan. In comparison to the first quarter of the year, the midpoint of this figure (2.29 billion yuan) represents a quarterly growth of 25%, demonstrating that the company’s core business not only remains robust but is continuing to trend upward.

Lithium Prices Hold Steady, Resource Projects Accelerate

The Soochow Securities report highlights that the main driver behind this exponential growth continues to be the rising prices of lithium carbonate and lithium hydroxide. Looking towards the second half of the year and the outlook for 2027, the institution is optimistic, forecasting that the average price of lithium carbonate for the entire year 2026 will solidify within a strong range of 150,000 to 180,000 yuan per ton. Based on this price scenario, Ganfeng Lithium’s annual profit contribution could reach an impressive 8 to 9 billion yuan.

Beyond prices, Ganfeng Lithium’s strength lies in its upstream resource control. The report emphasizes that the company is accelerating the construction of several strategic projects:

1. Goulamina Project (Mali): Phase II construction is speeding up to further increase lithium ore production.
2. PPG Brine Project (Argentina): Progress continues on Phase II of the lithium brine project, ensuring a long-term supply of low-cost lithium resources.
3. CO Project (Mexico): Phase II expansion of the lithium clay project is underway.

The financial institution estimates that once these projects are fully operational, Ganfeng Lithium’s long-term attributable lithium resources will exceed 250,000 metric tons (LCE, equivalent to lithium carbonate), solidifying its status as an undeniable giant in global lithium resources.

Diversification: Batteries, Potash, and Phosphate—A Growth Trident

In addition to its core lithium materials business, the Soochow Securities report points out that Ganfeng Lithium’s diversification is beginning to yield results, forming a more robust industrial support system:

• Batteries Business: In the second quarter of 2026, the lithium battery business (including energy storage and power batteries) experienced a quarter-on-quarter improvement in profitability, indicating that the company’s downstream industrial chain is progressively enhancing its capacity to generate value.
• Potash Business: The potash byproduct generated during the lithium brine extraction process is gradually emerging as a new source of profit, improving the overall efficiency of resource use.
• Phosphate Ore Business: Strategic investment in the phosphate ore sector is contributing stable profits, helping the company diversify risks in the commodity price cycle.

Conclusion and Outlook

The Soochow Securities research team maintains a positive rating for Ganfeng Lithium. The entity believes that the company is in an excellent phase of «profit from quantity and price,» and that the integration of upstream resources and the expansion of the downstream industry are synchronized.

However, the report also reminds investors to pay attention to macro risks: the volatility of lithium prices, changes in electric vehicle subsidy policies in international markets, and the potential for supply expansion to outpace demand.

For now, Ganfeng Lithium is demonstrating to the market, with compelling figures, its central role in the global energy revolution. In a context of high lithium prices and strong demand, the Chinese lithium giant is entering a cycle of super profits.

The Citizen

La entrada Ganfeng Lithium Reports Tenfold Profit Surge, Shaping the Future of the Lithium Kingdom se publicó primero en El Ciudadano.