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.)
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