**Breaking News: $86 Billion Vanishes as China’s Lithium Giants Collapse**

In a shocking turn of events, China’s lithium battery titans, Tiani Lithium and Ganfung Lithium, have plunged into bankruptcy, erasing a staggering $86 billion in market value. This catastrophic failure marks a historic low for the once-booming lithium industry, sending ripples of despair through the financial landscape and leaving over 300,000 shareholders reeling.

Both companies reported devastating losses for 2024: Tiani Lithium’s revenue plummeted by 67.8% to just $13 billion, while Ganfung Lithium saw a 43% drop, totaling $19 billion. The fallout has been catastrophic—Tiani Lithium recorded a net loss of $7.9 billion, the worst since its 2022 IPO, while Ganfung faced its first annual loss since 2010, with a staggering $2 billion deficit.

As the crisis deepens, the first quarter of 2025 shows no signs of recovery. Tiani’s revenue dipped further, while Ganfung’s fell by 25.4%, with both companies grappling with cash flow issues and dwindling shareholder numbers. The lithium market, once thriving, is now in freefall, with prices crashing over 85% since their peak in 2022.

Analysts warn that this collapse is symptomatic of a larger industry crisis, fueled by fierce competition, oversupply, and declining prices. The ongoing price war has left many companies on the brink of insolvency, with projections indicating that half of the lithium processing plants could shut down if prices dip below 50,000 yen per ton.

The ramifications of this collapse extend beyond these giants, threatening the entire lithium ecosystem, including downstream battery manufacturers. With the market in turmoil, the future of China’s lithium industry hangs in the balance, as companies scramble to adapt or face extinction. The stakes have never been higher—will the industry find a way to recover, or is this the end of an era? Stay tuned as this story unfolds.