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Chewy Power

Chinese lithium-ion battery makers expect slump in profits as lithium price rises

Mon, 06/13/2016 - 15:36 -- Paul Crompton
Chinese lithium-ion battery makers expect slump in profits as lithium price rises

The rocketing price of lithium in China could cause a 5-8% drop in profits for lithium battery makers, says a director at one of China’s largest battery firms.

Chief Scientist Dai Guiping, from Chaowei Power, said that along with the rising price of lithium, other components such as separators had also gone up.

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