On July 13, Tianqi Lithium fell 3.2% in regular trading, trading at HK$32.96/share, with turnover of HK$55.75 million. The stock has extended its recent consecutive correction, with sector selling pressure yet to be fully released.
On the news front, lithium carbonate futures main contract prices have declined from the May peak of over 200,000 yuan/ton to below 160,000 yuan/ton, signaling the failure of the earlier price rebound. On the supply side, CATL's Jianxiawo lithium mine received safety production permits and stepped into a restart cycle, while West Africa's largest lithium processing plant officially commenced operations in early July with daily ore processing capacity of 6,000 tons, corresponding to approximately 30,000 tons of lithium carbonate equivalent annually. These developments have broken the market's prior tight-balance expectations.
On the capital flow side, UBS and JPMorgan Chase have recently reduced their holdings in Tianqi Lithium H-shares, with institutional fund outflows intensifying market wait-and-see sentiment. On July 8, three institutional seats recorded net selling of RMB 129 million.
(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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