Movement Alert|TIANQI LITHIUM Rises 3.02% in Regular Trading, Lithium Carbonate Prices Surge Over 15% in August Amid Interim Earnings Preview

Market Focus08-24

On August 24, TIANQI LITHIUM rose 3.02% in regular trading, trading at 39.42 HKD/share with turnover of approximately 49.43 million HKD, extending the previous session's strong rally of over 11%.

On the news front, lithium carbonate futures main contract has accumulated gains exceeding 15% since early August, touching a high of 158,500 yuan/ton, while spot battery-grade lithium carbonate prices have risen above 151,000 yuan/ton. Analysts note that lithium ore supply remains tight, supporting carbonate costs, while trader inventories sit at low levels with restocking activity picking up. Leading battery manufacturers are expected to see significant production growth, strengthening peak-season rebound expectations.

Additionally, the company's board is scheduled to meet on August 27 to review interim results, with first-half net profit attributable to shareholders expected between 2.85 billion and 4.25 billion yuan. Peer Ganfeng Lithium rose 5.42% in the same session, with the lithium sector maintaining broad strength.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment