On July 21, Tianqi Lithium rose 3.37% in regular trading, trading at HKD 31.94/share, with turnover of HKD 121 million. The stock had suffered consecutive sharp declines in prior sessions, including a 3.88% drop in the previous Hong Kong trading day and a limit-down move on its A-share listing.
The rebound was driven by broker optimism on lithium prices stabilizing at low levels and oversold technical conditions triggering a sentiment recovery. Industrial-grade lithium carbonate currently averages RMB 148,000/ton, with upstream producers showing reluctance to sell while downstream buyers actively procure on dips.
The stock had been under sustained pressure following its mid-year earnings preview showing Q2 net profit potentially declining up to 48% quarter-over-quarter, despite H1 attributable profit surging 3,276%-4,935% year-over-year to RMB 2.85-4.25 billion. UBS Group notably increased its stake in Tianqi Lithium H-shares to 7.53% on July 10, signaling institutional confidence amid the selloff.
(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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