Movement Alert|TIANQI LITHIUM Falls 3.15% in Regular Trading, Lithium Carbonate Prices Accelerate Decline as Major Institutions Trim Positions

Market Focus09-10

On September 10, TIANQI LITHIUM fell 3.15% in regular trading, trading at 33.86 HKD/share, with turnover of 22.51 million HKD.

On the news front, lithium carbonate prices have accelerated their downtrend, with industrial-grade lithium carbonate spot prices reported at 141,300 yuan per tonne on September 9, down 6.73% over the past week and retreating over 10% from the late-August high of 160,000 yuan. Adding to the bearish tone, a recalibration of social inventory data by SMM resulted in a one-time upward revision of approximately 90,000 to 100,000 tonnes, while unconfirmed reports suggest a leading battery manufacturer has cut September production schedules by 5% month-on-month.

Meanwhile, institutional investors have been reducing exposure. Hong Kong Exchange filings show HSBC Holdings lowered its long position in TIANQI LITHIUM H-shares from 24.49% to 23.79% on September 2, while JPMorgan Chase cut its long position from 12.20% to 11.36% on September 1. The broader lithium mining sector remained under pressure, with peer GANFENG LITHIUM also declining 2.54%.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment