On May 26, Tianqi Lithium (09696.HK) declined 4.12% in regular trading, trading at 49.68 HKD/share, with trading volume of approximately 77.16 million HKD. The stock has been under sustained selling pressure since mid-May as lithium carbonate futures retreated sharply from the recent high above 200,000 yuan/tonne, breaking below the 180,000 yuan/tonne level.

On the supply side, Australian miner Mineral Resources (MinRes) announced the restart of its Bald Hill lithium mine in Western Australia, with annual capacity of approximately 17,500 tonnes of lithium carbonate equivalent. Mining operations are set to commence in June, with first spodumene concentrate output expected in July. This adds incremental supply to a market already reassessing previously consensus bullish expectations.

Institutional flows also turned negative, with HSBC Holdings reducing its long position in Tianqi Lithium H-shares from 25.02% to 24.48% as of May 15. Peer Ganfeng Lithium fell 5.28% on the same day, reflecting broad-based weakness across the lithium sector.

Tianqi Lithium is primarily engaged in the development of hard-rock lithium mineral resources, lithium concentrate processing, and the production and sale of lithium chemical products, with applications spanning new energy vehicles, energy storage systems, and other end markets.

(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.)