On July 30, TIANQI LITHIUM rose 3.07% in regular trading, trading at 34.5 HKD/share, with turnover of approximately 26.54 million HKD.
On the news front, Hong Kong Exchange disclosures show JPMorgan raised its long position in TIANQI LITHIUM H-shares from 10.48% to 11.44% on July 24, signaling strengthened institutional bullish conviction. Concurrently, the lithium battery sector extended its rebound, with downstream production schedules rising sequentially and lithium carbonate inventories expected to accelerate destocking.
Additionally, the Greenbushes CGP3 plant — part of the world's largest hard-rock lithium mine in which TIANQI LITHIUM holds a stake — is expected to resume production within days after approximately seven weeks of downtime following a June fire, easing short-term lithium concentrate supply concerns. On fundamentals, the company forecasts H1 attributable net profit of 2.85 billion to 4.25 billion yuan, representing over 32-fold year-over-year growth.
(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.)
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