On June 2, Tianqi Lithium declined 3.34% in regular trading, trading at 47.44 HKD/share, with trading volume of approximately 40.31 million HKD. The decline was primarily driven by a sharp retreat in lithium carbonate futures prices, which have fallen over 20% in the past half month, while spot market transactions remained subdued amid strong wait-and-see sentiment from downstream buyers.

On the supply side, Australian miner 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 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%, reflecting institutional capital outflows. Peer Ganfeng Lithium fell 3.87% on the same day, with the lithium sector broadly under pressure.

Tianqi Lithium is primarily engaged in hard-rock lithium resource development, lithium concentrate processing and sales, and lithium chemical production, with products widely used in 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.)