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HKG:9696

7 stories mentioning HKG:9696Updated 4d ago

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Asia

Tianqi Lithium Unit to Invest 150 Million Yuan in Sunwoda Mobility

Tianqi Lithium (HKG:9696, SHE:002466) said its wholly owned subsidiary Tianqi Lithium (Shehong) agreed to invest 150 million yuan in Sunwoda Mobility Energy Technology through a subscription for newly issued shares.The investment will give Tianqi Lithium (Shehong) 79.2 million newly issued shares in the new energy technology company, according to a Friday Hong Kong bourse filing. Sungrow Power Supply also plans to participate in the capital increase by subscribing for 345.9 million newly issued shares.Shares of the lithium miner rose nearly 2% in recent trade.

HKG:9696SHE:002466
Asia

Tianqi Lithium Redeems Interest on 600-Million-Yuan Bonds; Hong Kong Shares Slide 3%

Tianqi Lithium (SHE:002466, HKG:9696) redeemed the interest on its 600-million-yuan bond issuance, according to a Wednesday filing with the Shenzhen bourse.The lithium miner received 14.9 million yuan in interest.The bonds held an interest rate of 2.48% and a three-year termShares fell 3% in Hong Kong during afternoon trading on Wednesday.

HKG:9696SHE:002466
Asia

Tianqi Lithium Forecasts Sharp Rise in H1 Profit

Tianqi Lithium (HKG:9696, SHE:002466) expects attributable net profit of 2.85 billion yuan to 4.25 billion yuan for the six months ended June 30, compared with 84.4 million yuan a year earlier, according to a Tuesday filing with the Hong Kong bourse.Basic earnings per share are expected to increase to between 1.68 yuan and 2.51 yuan from 0.05 yuan a year earlier.The company attributed the expected growth to higher average selling prices for its lithium products, driven by stronger downstream demand from the new energy sector, and to a significant increase in investment income from its stake in SQM.Hong Kong-listed shares of the lithium company fell nearly 2% in morning trade Wednesday.

HKG:9696SHE:002466
Asia

Tianqi Lithium Reports Fire at Talison Processing Plant in Australia

Tianqi Lithium (HKG:9696, SHE:002466) said a localized fire occurred at Chemical-Grade Lithium Concentrate Plant No. 3 in Australia operated by its subsidiary Talison Lithium during a maintenance shutdown, according to a Wednesday Hong Kong bourse filing.The company said the fire was promptly extinguished and all personnel were safely evacuated, with no injuries reported.Certain equipment was damaged, while major equipment and production lines were unaffected.Tianqi said the incident may affect the ramp-up of Plant No. 3, which began commissioning in December 2025 and produced its first batch of qualified chemical-grade lithium concentrate in January.The extent of the impact is still being assessed, the filing added.

HKG:9696SHE:002466
Asia

Market Chatter: Lithium Producers Underestimate Demand Surge From Heavy Transport, Tianqi CEO Warns

Lithium producers have not been fully prepared for an increase in demand from new battery-powered industries, the Financial Times reported Tuesday, citing Tianqi Lithium (HKG:9696, SHE:002466) Chief Executive Officer Frank Ha.While most lithium producers have anticipated the growing demand for the material over the next decade, many had not prepared for the surge in demand from battery-powered trucks, mining equipment, and ships, the FT said, citing Ha."This is going to be a huge increase," the FT quoted Ha as saying.Existing supply projects could not likely meet demand beyond the mid-2030s, and annual lithium demand could top 13 million tonnes by 2050, the FT said, citing Wood Mackenzie.According to International Energy Agency (IEA) data, global lithium demand has jumped by an average of 30% annually this decade, a sharp acceleration from the 10% growth rate seen in the 2010s.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Shanghai Composite^SZSEHKG:9696SHE:002466
Asia

Tianqi Lithium's Q1 Profit Surges 18-Fold as Revenue Nearly Doubles

Tianqi Lithium (HKG:9696, SHE:002466) posted a 1,699% year-over-year jump in attributable net profit in the first quarter to 1.88 billion yuan from 104.3 million yuan, according to filings with the Hong Kong and Shenzhen bourses late Monday.The pace of growth was in line with the company's guidance of a 1,530% to 1,818% expansion issued last week.Earnings per share rose to 1.10 yuan from 0.06 yuan.Revenue climbed 98% to 5.13 billion yuan from 2.58 billion yuan in Q1 2025.Shares of the lithium company fell marginally in Hong Kong, and were down more than 1% in Shenzhen Tuesday morning.

HKG:9696SHE:002466
Asia

Tianqi Lithium Forecasts Up to 1,818% Surge in Q1 Profit

Tianqi Lithium (HKG:9696, SHE:002466) expects an attributable profit of between 1.7 billion yuan and 2 billion yuan for the three months ended March 31, up 1,530% to 1,818% from 104.3 million yuan a year prior, according to a Monday Hong Kong bourse filing.The lithium company attributed the forecast to a significantly higher revenue, as well as growth in associate Sociedad Química y Minera de Chile's Q1 performance, according to Bloomberg forecast data.

HKG:9696SHE:002466

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