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Tianqi Lithium Corp. Class H ( (HK:9696) ) has provided an announcement.
Tianqi Lithium Corporation has decided to cease the investment and construction of its Train II Battery-grade Lithium Hydroxide Monohydrate Project, which was intended to have an annual capacity of 24,000 tons. This decision was made after a comprehensive review of market conditions, the company’s financial position, and the project’s economic feasibility, with the aim to safeguard shareholders’ interests and prevent unnecessary financial losses.
More about Tianqi Lithium Corp. Class H
Tianqi Lithium Corporation is a company operating in the lithium industry, primarily focusing on the production of battery-grade lithium hydroxide monohydrate. It aims to serve the growing demand in the electric vehicle and energy storage sectors, utilizing advanced technology and strategic investments in lithium projects.
YTD Price Performance: -0.83%
Average Trading Volume: 1,923,853
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$54.64B
For an in-depth examination of 9696 stock, go to TipRanks’ Stock Analysis page.
