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Tianqi Lithium Corp. Class H ( (HK:9696) ) has shared an announcement.
Tianqi Lithium Corporation announced an impairment test on its overseas lithium hydroxide projects, a critical move in determining the financial health of these ventures. This assessment, conducted in line with Chinese and international accounting standards, will evaluate the potential asset impairment and its impact on the company’s 2024 financial results. The outcome of this test could significantly affect Tianqi’s operational performance and stakeholder decisions, pending final conclusions.
More about Tianqi Lithium Corp. Class H
Tianqi Lithium Corporation, a joint stock limited company incorporated in the People’s Republic of China, operates in the lithium industry. The company focuses on producing battery-grade lithium hydroxide monohydrate, with significant projects including the Lithium Hydroxide Monohydrate Projects in Australia, executed through its subsidiaries Tianqi Lithium Kwinana Pty Ltd and Tianqi Lithium Energy Australia Pty Ltd.
YTD Price Performance: 1.46%
Average Trading Volume: 1,968,892
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$55.8B
For a thorough assessment of 9696 stock, go to TipRanks’ Stock Analysis page.
