Tianqi Lithium Corp. Class H (HK:9696) has released an update.
Tianqi Lithium Corporation has issued a profit warning, projecting a significant net loss for the nine months ending September 2024, attributed to a sharp decline in lithium product prices and operational challenges. The company expects to report a net loss between RMB5,450 million and RMB5,850 million, contrasting with a net profit for the previous year. Despite these setbacks, Tianqi notes growth in production and sales volume of lithium compounds and derivatives.
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