On June 23, Tianqi Lithium fell 3.08% in regular trading, trading at HKD 43.64/share, with turnover of HKD 60.67 million.
On the news front, multiple supply-side expansion signals weighed heavily on the stock. CATL's Yichun Jiangxiawo lithium mine regained land-use pre-approval on June 17, with the market expecting a Q4 production restart. Meanwhile, lithium mine capacity in Jiangxi and Hunan provinces continues ramping up, with domestic lithium carbonate monthly output rising nearly 50% year-over-year, reinforcing supply surplus expectations.
Additionally, Hong Kong Exchange data shows JPMorgan's long position in Tianqi Lithium H-shares declined from 14.25% to 13.86%, with institutional de-risking adding to cautious market sentiment. Peer Ganfeng Lithium fell 1.22% on the same day, reflecting broad sector weakness. The stock has been under sustained pressure since mid-June following the unwinding of supply disruption expectations tied to the Greenbushes fire incident, which the company confirmed had limited operational impact.
(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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