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Lithium stocks are trending up, Tianqi Lithium Corporation (09696) rose by 3.23%. Citic Securities indicates limited downside space for lithium prices.
The Lithium stocks are doing well, with Tianqi Lithium Corporation (09696) rising by 3.23% and Ganfeng Lithium (01772) rising by 3.23%. Citic Securities released research reports stating that Rio Tinto announced the acquisition of the global leading lithium mine company Arcadium Lithium for $6.7 billion, a 90% premium over Arcadium's closing price on October 4. Rio Tinto has strong financial strength and international operation experience, and it is expected that there will be certain synergies after the merger. The bank believes that this premium acquisition demonstrates overseas mining companies' optimistic attitude towards lithium prices, which will bring more confidence to the market, lithium.
Citic Securities: Lithium asset acquisitions enhance industry concentration. Limited downside space for lithium prices.
Rio Tinto announced the acquisition of the global leading lithium mine company Arcadium Lithium for $6.7 billion. This premium acquisition demonstrates overseas mining companies' optimistic attitude towards lithium prices, which will bring more confidence to the market.
Hong Kong stock market anomaly | Pressure on lithium carbonate supply still exists, ganfeng lithium(01772), tianqi lithium corporation(09696) both fell more than 13%.
Lithium stocks fell today, as of press time, ganfeng lithium dropped by 13.38%, to 23.95 Hong Kong dollars; tianqi lithium corporation dropped by 13.64%, to 28.5 Hong Kong dollars.
Are Investors Undervaluing Tianqi Lithium Corporation (SZSE:002466) By 34%?
Central China Securities: Performance of the lithium battery sector is under pressure, pay attention to investment opportunities in segmented areas.
Central China issued a research report stating that in 2024, the lithium battery index underperformed the csi 300 index.
TIANQI LITHIUM: 2024 Interim Report
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