Tianqi Lithium's stock experienced a significant surge of 5.16% during the intraday trading session, specifically before noon, reflecting strong investor interest.

The price movement is attributed to market expectations of a tightening lithium supply. Recent reports indicate signs of easing in Zimbabwe's lithium ore exports, with several Chinese companies having obtained export qualifications, which could improve the supply chain for major producers. Furthermore, Morgan Stanley revised its 2026 lithium supply forecast downward to approximately 400,000 tons from a previous estimate of around 500,000 tons. The institution anticipates further supply tightening during the peak season from May to August, with potential shortages emerging from September, and predicts an upward trend in lithium prices in the second half of 2026.