On July 3, Tianqi Lithium rose 3.24% in regular trading, trading at HK$40.66/share, with turnover of HK$57.51 million. The stock continued its technical rebound following a period of consecutive sharp declines that had fully released short-term selling pressure.
The rebound comes after lithium carbonate futures previously plunged to approximately RMB 145,000/ton, retreating nearly RMB 60,000 from the May peak of RMB 205,000. Supply-side concerns over the potential restart of the Jiangxiawo lithium mine, which obtained a safety production permit on June 29, had weighed heavily on the sector. However, market consensus indicates these negatives have been largely priced in.
On the institutional front, Bernstein recently raised its H-share target price for Tianqi Lithium from HK$61 to HK$65, forecasting lithium prices could reach US$32,500/ton by 2027. The firm maintains that the lithium market remains in a mid-cycle recovery phase rather than approaching a peak, citing regional divergence in supply growth as a key factor for faster-than-expected market tightening. Peer Ganfeng Lithium rose 3.37% on the same day, confirming broad sector stabilization.
(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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