Movement Alert|TIANQI LITHIUM Falls 3.05% in Regular Trading, Lithium Carbonate Drops Below 130,000 Yuan as Sector Remains Under Pressure

Market Focus09-16

On September 16, TIANQI LITHIUM fell 3.05% in regular trading, trading at 29.26 HKD/share, with turnover of 25.36 million HKD, marking a new phase low for the stock.

On the news front, the lithium carbonate futures front-month contract continued to weaken, falling below the 130,000 yuan/ton threshold intraday to a low of 127,100 yuan/ton, the lowest since early February, representing a cumulative retreat of approximately 20% since the start of the month. Multiple leading battery companies have confirmed that new capacity filings for power and energy storage batteries have been largely suspended across regions since the second half of the year, highlighting industry overcapacity concerns. Additionally, a recent statistical recalibration raised social lithium carbonate inventory estimates by approximately 90,000 to 100,000 tons, further weighing on sentiment. Peer GANFENG LITHIUM also declined over 3% on the same day, reflecting significant sector-wide linkage effects.

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