Volume 7 Issue 20

Stock Exchange Hears Tianhe Appeal

Tianhe Chemicals Group will appeal its delisting from the Hong Kong Stock Exchange on May 15, more than half a decade after trading of its shares was suspended over failure to meet stock exc-hange requirements.

Lithium Plant Under Study in India

India’s Manikaran Power Ltd. and Australian mining company Neometals are conducting a feasibility study for what would be India’s first lithium refinery, and Manikaran announced last week that the analysis will be completed by the end of this year. The facility would produce lithium hydroxide, and the study is estimated at AU$2 million (U.S. $1.3 million). Lithium- and lithium complex-based greases dominate India’s market. Lithium’s biggest and fastest-growing demand comes from makers of...

Profits Up for GS Caltex, Down for KH Neochem

GS Caltex reported increased operating profit for its base oil and lubricant business, and KH Neochem Co. poster lower operating profit for its performance materials segment, which includes raw materials for refrigeration lubricants, for the first quarter. Meanwhile, 2019 financial year profit was up for lubricant company Yushiro Chemical Industry.

From Other Editions of Lube Report

Pandemic Hits Rerefiners from Both Sides

U.S. Lifts Sanctions on Nynas

Spain’s Lube Demand Slightly Down

Briefly Noted

Vehicle sales for 11 key automobile manufacturers in China during early May reached 351,000 units, down almost 14 percent from sales during the same period in 2019, according to a statistical analysis issued yesterday by the China Association of Automobile Manufacturers.