Tianqi Lithium (HKG:9696, SHE:002466) expects an attributable profit of between 82 million yuan and 123 million yuan in the first quarter, compared with an attributable loss of 3.9 billion yuan a year prior, a Wednesday filing with the Hong Kong bourse said.
The lithium miner attributed the anticipated turnaround to profit mainly to a higher production and sales volume of its lithium compounds and derivatives, as well as the expectation of a higher investment income from Sociedad Química y Minera de Chile.
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