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Tianqi Lithium Corp. Class H ( (HK:9696) ) has shared an update.
Tianqi Lithium Corporation has issued a profit warning, projecting a net loss for 2024 between RMB7,100 million to RMB8,200 million, largely due to a significant decline in lithium product market prices and exchange rate fluctuations. Additionally, the company’s operational performance was affected by pricing mechanism mismatches and asset impairments related to its overseas lithium hydroxide projects, alongside reduced investment income from SQM due to tax-related issues.
More about Tianqi Lithium Corp. Class H
Tianqi Lithium Corporation is a Chinese company operating in the lithium industry, primarily focused on the production and sale of lithium compounds and derivatives. The company has a market presence that includes a significant stake in Talison Lithium Pty Ltd, and it is associated with Sociedad Química y Minera de Chile S.A. (SQM), highlighting its involvement in global lithium markets.
YTD Price Performance: -0.83%
Average Trading Volume: 1,923,853
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$54.64B
Learn more about 9696 stock on TipRanks’ Stock Analysis page.
