On September 15, TIANQI LITHIUM fell 3.08% in regular trading, trading at HK$30.80/share with turnover of approximately HK$25.22 million, approaching its 52-week low of HK$30.24.
On the news front, lithium carbonate futures main contract broke below the 130,000 yuan/ton level, declining over 8% to a multi-month low, triggering broad-based selling across the lithium mining sector. The downturn was compounded by SMM's adjustment to its lithium carbonate inventory methodology, which resulted in a one-time upward revision of social inventory by approximately 90,000 to 100,000 tonnes, alongside weakening downstream production scheduling expectations. Peer GANFENG LITHIUM also declined over 5% during the same period, highlighting pronounced sector-wide contagion. While TIANQI LITHIUM has maintained its assessment that the lithium market remains in a tight-balance state, short-term price volatility continues to suppress market sentiment. The company reported strong first-half results with revenue of RMB 12.242 billion, up 153%, and net profit of RMB 4.242 billion, up nearly 50-fold year-on-year, though the recent commodity price retreat has overshadowed fundamental improvement.
(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