On August 13, TIANQI LITHIUM fell 3.16% in regular trading, trading at 35.5 HKD/share, with turnover of HKD 39.09 million. The decline came as the lithium mining sector saw broad-based weakness, with peer Ganfeng Lithium dropping 3.78% on the same day, reflecting significant sector linkage effects.
On the news front, the stock experienced profit-taking after rallying over 3% the previous day on news that JPMorgan increased its long position to 10.11% by purchasing approximately 860,100 shares at an average price of HKD 35.85, involving approximately HKD 30.83 million. On the policy side, the Ministry of Finance previously announced the reinstatement of a 2% consumption tax on lithium-ion batteries effective September 1, adding cost-side pressure to the industry and weighing on market sentiment. Some enterprises have already begun issuing price adjustment notices to customers in response to the upcoming tax.
(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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