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Tianqi Lithium Corp. Class H ( (HK:9696) ) just unveiled an update.
Tianqi Lithium Corporation’s wholly-owned subsidiary, Tianqi Chile, has filed an appeal with the Supreme Court of Chile following the dismissal of its claim of illegality by a lower court. The appeal, which does not involve any specific monetary amount, is not expected to materially impact the company’s profits. The company is closely monitoring the situation and assessing potential financial impacts. Additionally, the partnership agreement between SQM and Codelco may affect Tianqi’s investment returns, as SQM’s control over its core lithium operations in Atacama, Chile is expected to change, potentially impacting the company’s rights and interests as a major shareholder.
The most recent analyst rating on (HK:9696) stock is a Hold with a HK$48.00 price target. To see the full list of analyst forecasts on Tianqi Lithium Corp. Class H stock, see the HK:9696 Stock Forecast page.
More about Tianqi Lithium Corp. Class H
Tianqi Lithium Corporation is a leading company in the lithium industry, primarily engaged in the production and sale of lithium products. The company focuses on the development and expansion of lithium resources, with significant investments in the global lithium market, including a major stake in SQM, a prominent lithium producer in Chile.
Average Trading Volume: 7,653,654
Technical Sentiment Signal: Buy
Current Market Cap: HK$98.5B
Learn more about 9696 stock on TipRanks’ Stock Analysis page.