On May 28, Tianqi Lithium declined 3.46% in regular trading, trading at 49.02 HKD/share, with trading volume of approximately 64.15 million HKD. The stock has been under sustained selling pressure as lithium carbonate futures retreated sharply from the 200,000 CNY/ton level, with the 2606 contract falling to around 183,100 CNY/ton.

On the supply side, Australian miner MinRes announced the restart of its Bald Hill lithium mine, with annual capacity of approximately 17,500 tons of lithium carbonate equivalent and first spodumene concentrate output expected in July, further intensifying oversupply concerns. Additionally, HSBC Holdings reduced its stake in Tianqi Lithium H shares from 25.02% to 24.48% as of May 15, reflecting institutional capital outflows.

Within the Specialty Chemicals sector, peer Ganfeng Lithium fell 4.85% on the same day, with the lithium subsector broadly under pressure. Tianqi Lithium is primarily engaged in hard-rock lithium resource development, lithium concentrate processing, and lithium chemical product manufacturing, serving end markets including new energy vehicles and energy storage systems.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)