Stock Track | Tianqi Lithium Surges 9.8% on Narrowing Losses and Rising Production-To The Moon - Tiger Brokers Online Investing Community

Like
Comment
Favorite

Stock Track | Tianqi Lithium Surges 9.8% on Narrowing Losses and Rising Production

Stock Track2024-10-25

Shares of Tianqi Lithium, a Chinese lithium products maker, soared 9.8% on Thursday, October 25, 2024, in Hong Kong trading. The stock's strong performance came as the company reported a quarter-on-quarter decrease in losses for the second and third quarters of 2024, driven by lower production costs.

Despite the narrowing losses, Tianqi Lithium expects to record a net loss in the range of 320 million to 640 million yuan ($45 million to $90 million) for the third quarter, compared to a net profit of 1.65 billion yuan a year ago. This anticipated loss is attributed to falling prices of lithium products.

However, the company's production and sales volume of lithium compounds and derivatives saw year-on-year and quarter-on-quarter growth, respectively, in the first three quarters and the third quarter of 2024. This increase in production and sales volumes likely contributed to the stock's rally, as investors reacted positively to the company's operational performance.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

No comments yet

抱歉，当前请求异常(-1)

7x24

All

00:34
Seven & i Holdings Publishes Two Documents Responding to Misinformation and Detailing Its Constructive Engagement With Alimentation Couche-Tard
00:30
Yield on 10-Yr JGB up 2 Bps at 1.56%
00:30
OrganiGram Announces Results of Annual and Special Meeting, Including Shareholder Approval of Name Change to OrganiGram Global Inc.
00:28
Samsung Electronics Says Co-CEO Han Jong-Hee Has Passed Away
00:28
Vale Announces Expiration and Final Results of Cash Tender Offers for Notes Due 2034, 2039 and 2036

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/1154751398?lang=en_US&edition=full_marsco","thumbnail":"","is_english":true,"pubTime":"2024-10-25 11:28","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1154751398","market":"us","top_or_hot":-1,"title":"Stock Track | Tianqi Lithium Surges 9.8% on Narrowing Losses and Rising Production","media":"Stock Track","content":"<p>Shares of Tianqi Lithium, a Chinese lithium products maker, soared 9.8% on Thursday, October 25, 2024, in Hong Kong trading. The stock's strong performance came as the company reported a quarter-on-quarter decrease in losses for the second and third quarters of 2024, driven by lower production costs.</p>\n\n<p>Despite the narrowing losses, Tianqi Lithium expects to record a net loss in the range of 320 million to 640 million yuan ($45 million to $90 million) for the third quarter, compared to a net profit of 1.65 billion yuan a year ago. This anticipated loss is attributed to falling prices of lithium products.</p>\n\n<p>However, the company's production and sales volume of lithium compounds and derivatives saw year-on-year and quarter-on-quarter growth, respectively, in the first three quarters and the third quarter of 2024. This increase in production and sales volumes likely contributed to the stock's rally, as investors reacted positively to the company's operational performance.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Tianqi Lithium Surges 9.8% on Narrowing Losses and Rising Production</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Tianqi Lithium Surges 9.8% on Narrowing Losses and Rising Production\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2024-10-25 11:28</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Shares of Tianqi Lithium, a Chinese lithium products maker, soared 9.8% on Thursday, October 25, 2024, in Hong Kong trading. The stock's strong performance came as the company reported a quarter-on-quarter decrease in losses for the second and third quarters of 2024, driven by lower production costs.</p>\n\n<p>Despite the narrowing losses, Tianqi Lithium expects to record a net loss in the range of 320 million to 640 million yuan ($45 million to $90 million) for the third quarter, compared to a net profit of 1.65 billion yuan a year ago. This anticipated loss is attributed to falling prices of lithium products.</p>\n\n<p>However, the company's production and sales volume of lithium compounds and derivatives saw year-on-year and quarter-on-quarter growth, respectively, in the first three quarters and the third quarter of 2024. This increase in production and sales volumes likely contributed to the stock's rally, as investors reacted positively to the company's operational performance.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"","article_id":"1154751398","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1154751398","pubTimestamp":1729826938,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Tianqi Lithium, a Chinese lithium products maker, soared 9.8% on Thursday, October 25, 2024, in Hong Kong trading. The stock's strong performance came as the company reported a quarter-on-quarter decrease in losses for the second and third quarters of 2024, driven by lower production costs.Despite the narrowing losses, Tianqi Lithium expects to record a net loss in the range of 320 million to 640 million yuan  for the third quarter, compared to a net profit of 1.65 billion yuan a year ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"股票赛道天齐锂业大涨9.8%亏损收窄产量上升","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"09696":1},"content_text":"Shares of Tianqi Lithium, a Chinese lithium products maker, soared 9.8% on Thursday, October 25, 2024, in Hong Kong trading. The stock's strong performance came as the company reported a quarter-on-quarter decrease in losses for the second and third quarters of 2024, driven by lower production costs.\nDespite the narrowing losses, Tianqi Lithium expects to record a net loss in the range of 320 million to 640 million yuan ($45 million to $90 million) for the third quarter, compared to a net profit of 1.65 billion yuan a year ago. This anticipated loss is attributed to falling prices of lithium products.\nHowever, the company's production and sales volume of lithium compounds and derivatives saw year-on-year and quarter-on-quarter growth, respectively, in the first three quarters and the third quarter of 2024. This increase in production and sales volumes likely contributed to the stock's rally, as investors reacted positively to the company's operational performance.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}