On June 4, Tianqi Lithium fell 3.07% in regular trading, trading at 45.96 HKD/share, with trading volume of approximately 30.19 million HKD.

On the news front, lithium carbonate futures have continued to weaken, with prices declining over 20% in the past half month, while spot market transactions remain sluggish amid strong wait-and-see sentiment among downstream buyers. On the supply side, Australia's MinRes announced the restart of its Bald Hill lithium mine, with annual capacity of approximately 17,500 tonnes of lithium carbonate equivalent and first spodumene concentrate shipments expected in July, further intensifying supply-side pressure.

Additionally, HSBC Holdings reduced its stake in Tianqi Lithium H-shares from 25.02% to 24.48%, reflecting institutional capital outflows. Peer Ganfeng Lithium declined 3.22% on the same day, with the lithium sector broadly under pressure. Despite Citi recently reaffirming a Buy rating with a raised target price of 68 HKD and the company maintaining its view of a tight supply-demand balance globally in the lithium industry, near-term sentiment remains dominated by commodity price weakness and incremental supply concerns.

(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.)