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China's leading lithium producers, Tianqi Lithium Corp. and Ganfeng Lithium Group Co., reported significant losses as the industry grapples with declining prices and oversupply. Tianqi recorded a net loss of 496 million yuan in the third quarter, a stark contrast to its 1.65 billion yuan profit from the same period last year, while Ganfeng's profit dropped 25% to 120 million yuan.

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