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Guolian Securities: Significant increase in May's supply of lithium carbonate, further easing of supply.
Based on the import volume of lithium salts in China from January to May, as well as the domestic production and sales volume of new energy, the current supply of lithium salts is still in a loose state.
IGO Better-Than-Expected TLEA Dividend Seen Easing Cash Concerns -- Market Talk
0202 GMT - Miner IGO's dividend update should alleviate some of the recent concern about whether cash would have to be kept by Tianqi Lithium Energy Australia, or TLEA, and the Windfield joint venture
Soochow Securities: In the second half of 2024, the supply and demand pattern of electric vehicles will improve, and the industry chain will regain its growth potential.
Q3 is the peak season for traditional lithium battery industry, domestic sales are still strong, and industry inventory is at a reasonable level. Bullish on the Q3 peak season production upward trend of the industry chain. From a profit perspective, most of the material links were profitable in Q1 but hit the bottom, while Q2 prices stabilized and some low stock price orders showed signs of recovery. However, due to the industry's ongoing clearance process, prices are still at a bottom level. With the improvement of the supply-demand pattern, it is expected that the price of 25H2 will have a deterministic reversal, and the industry's profit turning point will be clear.
Express News | China's Tianqi Asks Chilean Financial Regulator to Reconsider Decision on Sqm-Codelco Lithium Deal- Local Media
HKEX News | Tianqi Lithium Corporation (09696) fell more than 4% to a new low as the state-owned company SQM was nationalized. The company's first quarter loss was nearly RMB 3.9 billion.
According to the Zhītōng caijīng APP, Tianqi Lithium Corporation (09696) fell more than 4%, hitting a new low of 22.35 Hong Kong dollars and falling 4.27% to 22.4 Hong Kong dollars, with a turnover of 45,289,500 Hong Kong dollars. On the news side, the Chilean Financial Market Commission (CMF) has rejected Tianqi Lithium Corporation's application to hold a shareholder meeting. On May 31st, SQM and the Chilean National Copper Corporation Codelco signed an agreement to establish a joint venture, with 70% of the joint venture's operating margin to be returned to the Chilean government from 2025 onwards. This means that most of SQM's lithium business profits will go to Chile.
Hong Kong stock market anomaly | Lithium industry stocks fell today, actual reduction of lithium salt factories is limited, and lithium prices are expected to remain weak in the short term.
According to the Wisdom Investing app, lithium stocks fell today. As of press time, Tianqi Lithium Corporation (09696) fell 3.8%, to HKD 24.05; Ganfeng Lithium (01772) fell 3.33%, to HKD 16.34. On June 27th, the main contract for lithium carbonate futures fell again below the 90,000 yuan level. Yesterday, the main contract for lithium carbonate futures, 2407, rose by more than 5%, to 92,550 yuan/ton. Zhicun Lithium Group recently announced that due to the summer flood season, in order to ensure the safe and stable operation of the production line, and improve product quality and production efficiency, regular summer maintenance plans will be carried out annually.
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