Tianqi Lithium's Steady Capacity Gains Could Underpin Volume Growth -- Market Talk

Dow Jones03-30

0922 GMT - Tianqi Lithium's steady capacity growth is likely to underpin increases in production volume this year, say DBS Group Research analysts in a note. This comes as its mines' and facilities' production capacities are ramping up, the analysts say. The analysts expect lithium prices to remain elevated in 2026, driven by robust demand for energy storage. This should improve Tianqi's profitability, they say, citing higher average-selling prices and better scale effects from new capacity. DBS retains its buy rating and HK$77.00 target price on Tianqi's Hong Kong-listed shares. It also maintains its 77.00 yuan target price on the company's Shenzhen-listed shares. Tianqi's H shares closed 0.1% higher at HK$47.80, while its A shares closed 1.2% lower at 57.24 yuan. (megan.cheah@wsj.com)

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March 30, 2026 05:22 ET (09:22 GMT)

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