On July 24, TIANQI LITHIUM fell 3.31% in regular trading, trading at 33.18 HKD/share, with turnover of approximately 68.97 million HKD. The stock gave back gains after surging over 6% in the previous session.
On the news front, lithium carbonate futures continued to trade at depressed levels, with the front-month contract previously breaching 140,000 yuan/ton. Supply-side pressures intensified as CATL's Jianxiawo lithium mine entered its resumption cycle and West Africa's largest lithium processing facility commenced operations with annual processing capacity of 3 million tons of raw ore. Multiple foreign institutions have downgraded their lithium price outlooks. The broader lithium mining sector came under pressure simultaneously, with Ganfeng Lithium declining 4.54%.
While JPMorgan increased its H-share holdings by approximately 890,000 shares to 11.12% on July 20, and the company forecast H1 net profit growth exceeding 32 times year-over-year, market sentiment remains suppressed by Q2 sequential profit deceleration of up to 48% and ongoing lithium price headwinds.
(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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