On June 12, Tianqi Lithium rose 3.31% in regular trading, trading at HK$46.12/share, with turnover of HK$134 million. The stock continued its upward momentum as the market digested supply disruption implications from the Talison plant fire incident.
Tianqi Lithium disclosed on June 10 that its subsidiary Talison Lithium experienced a localized fire at its Chemical-Grade Lithium Concentrate Plant No. 3 in the Greenbushes mine area in Australia during a maintenance shutdown. While the fire was promptly extinguished with no injuries, certain equipment was damaged and the incident may delay the ramp-up of Plant No. 3, which only began commissioning in December and produced its first qualified output in January. Greenbushes is the worlds largest hard-rock lithium mine, accounting for 9.3% of global lithium resource output, amplifying market sensitivity to any supply disruption.
The lithium sector broadly strengthened, with peer Ganfeng Lithium rising 3.61% on the same day. Additional supply-side concerns including the cancellation of land-use permits for a major domestic lithium project further supported bullish sentiment across the sector.
(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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