On June 26, Tianqi Lithium fell 3.19% in regular trading, trading at 39.24 HKD/share, with turnover of approximately 88.24 million HKD. The decline was driven by continued weakness in lithium carbonate prices combined with sector-wide selling pressure from supply expansion expectations.
On the pricing front, battery-grade lithium carbonate has fallen to approximately 157,000 yuan/ton, representing a weekly decline of nearly 8% and a monthly decline exceeding 11%, persistently dragging down lithium mining stock valuations. On the supply side, CATL's Jianxiawo lithium mine in Yichun regained its land-use pre-approval on June 17, with the market expecting potential resumption of production in Q4. The mine holds inferred associated lithium oxide resources of 2.6568 million tons, equivalent to approximately 6.57 million tons of lithium carbonate equivalent, reinforcing supply-loosening expectations. Sector linkage effects were pronounced, with peer Ganfeng Lithium declining 6.5% on the same day, as the broader lithium mining sector remained under significant pressure.
(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.)
Comments