On June 9, Tianqi Lithium rose 4.09% in regular trading, reaching 45.02 HKD/share with trading volume of HKD 173 million, as the lithium mining sector staged a collective rebound following a prolonged downturn.
On the news front, CITIC Securities released a research report stating that lithium prices are expected to strengthen in the second half of the year, maintaining a lithium carbonate target price forecast of 250,000 yuan/ton — implying over 50% upside from the current level of approximately 165,000 yuan/ton — and recommending investors seize allocation opportunities after the sector correction. Lithium carbonate futures opened up nearly 2% on the same day, while peer Ganfeng Lithium also gained 4.17%.
The rebound comes after a steep sell-off in the lithium sector, with both Tianqi Lithium and Ganfeng Lithium having fallen over 30% in the past month amid lithium carbonate futures declining more than 20% and record-high warehouse receipts on the Guangzhou Futures Exchange weighing on sentiment. Tianqi Lithium specializes in hard-rock lithium resource development and lithium chemical production, with products widely used in new energy vehicles and energy storage systems.
(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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