On July 16, Tianqi Lithium fell 3.13% in regular trading, trading at HKD 32.8/share with turnover of HKD 34.64 million, extending its recent consecutive downtrend.
On the news front, the company disclosed its H1 earnings forecast on July 14, projecting attributable net profit of RMB 2.85-4.25 billion, up 3,276%-4,935% YoY, driven by higher lithium product average selling prices and significant investment income growth from associate SQM. However, the market focus has shifted to the implied Q2 sequential deterioration — with Q1 net profit at RMB 1.876 billion, Q2 profit is estimated to decline as much as 48% QoQ. Concurrently, lithium carbonate futures have retreated from the May peak of over RMB 200,000/ton to below RMB 160,000/ton, pressured by supply-side headwinds including CATL's Jianxiawo mine resumption and the commissioning of West Africa's largest lithium processing facility with annual capacity of 30,000 tons LCE. Goldman Sachs recently projected a 20-22% oversupply in H2 and downgraded the stock to Sell.
(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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