Movement Alert|TIANQI LITHIUM Falls 3.14% in Regular Trading, Lithium Carbonate Futures Slump Drags Down Mining Sector

Market Focus08-06

On August 6, TIANQI LITHIUM fell 3.14% in regular trading, trading at 35.14 HKD/share, with turnover of 77.57 million HKD.

On the news front, lithium carbonate futures main contract dropped 4.00% intraday, with prices retreating to around 140,000 yuan/ton as forward supply-demand expectations weakened. Speculative sentiment dominated trading, pressuring futures prices and dragging the lithium mining sector broadly lower. Peer Ganfeng Lithium declined 5.13% on the same day, reflecting significant sector linkage effects.

Despite the company forecasting H1 net profit attributable to shareholders of 2.85 billion to 4.25 billion yuan with substantial year-over-year growth, and JPMorgan recently increasing its H-share long position to 11.44%, short-term lithium carbonate price volatility continues to weigh on share price performance.

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