BUZZ-Hong Kong shares of Tianqi Lithium jump on narrowing quarterly loss

Reuters10-25

** Hong Kong shares of Tianqi Lithium jump 9% to HK$27.25; third biggest pct gainer on Hong Kong's material index

, which is up 0.2%

** Chinese lithium products maker records q/q decrease in losses for 2024's Q2 and Q3 on lower production costs

** Expects September-quarter net loss in 320 mln yuan-640 mln yuan ($45 mln-$90 mln) range vs year-ago net profit of 1.65 bln yuan due to falling prices of lithium products

** Says production and sales volume of lithium compounds and derivatives in first three quarters and in Q3 saw y/y and q/q growth, respectively

** Stock sheds 37.8% YTD

($1 = 7.1223 Chinese yuan renminbi)

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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