On June 30, Tianqi Lithium rose 3.69% in regular trading, trading at 40.36 HKD/share, with turnover of approximately 62.20 million HKD. The rebound follows a period of consecutive steep declines driven by weakening lithium carbonate prices and supply expansion concerns.
On the news front, lithium carbonate futures had previously plunged from a May high of 205,000 yuan/ton to approximately 145,000 yuan/ton, a cumulative drop of nearly 60,000 yuan. Supply-side pressure intensified after CATL's Jianxiawo lithium mine obtained its safety production permit on June 29, clearing the final regulatory hurdle for resumption. However, after the sector experienced heavy selling in prior sessions — with Tianqi Lithium falling 8.85% on June 26 alone — short-term selling pressure appears largely exhausted and the bearish catalyst has been substantially priced in. Peer Ganfeng Lithium also gained 0.61% on the same day, indicating broad sector stabilization. Analysts note that even with Jianxiawo resuming operations, actual lithium carbonate output will not materially impact the market until Q4 at the earliest, with full capacity expected only in the following year.
(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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