Tianqi Lithium Warns of Loss in 2024

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Tianqi Lithium Warns of Loss in 2024

MT Newswires Live01-24

Tianqi Lithium (SHE:002466, HKG:9696) expects an attributable loss of around 7.1 billion yuan and 8.2 billion for 2024, compared with 7.3 billion yuan a year prior, a Thursday bourse filing said.

The lithium producer attributed the forecast to a downward trend in the market price of lithium products, a potential substantial decline from the results of an associate, and higher asset impairment and exchange losses.

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