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The latest update is out from Tianqi Lithium Corp. Class H ( (HK:9696) ).
Tianqi Lithium said its wholly owned subsidiary Tianqi Chile has lost its bid before Chile’s Supreme Court to overturn a key partnership agreement between its major investee SQM and Chilean state-owned miner Codelco, with the court issuing a final judgment dismissing the claim of illegality. While the ruling clears the way for the SQM–Codelco partnership to take effect—extending SQM’s Atacama lithium mining rights to 2060 and increasing production quotas before 2030—the structure will ultimately shift control of SQM’s core Chilean lithium business to a Codelco-majority joint venture from 2031, which may alter SQM’s strategic direction and could pressure Tianqi’s long‑term returns from its SQM stake; however, Tianqi currently does not expect a material short-term profit impact and will continue dynamic impairment assessments and monitoring of associated operational and earnings risks.
The most recent analyst rating on (HK:9696) stock is a Hold with a HK$58.00 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 China-based lithium producer with a significant strategic investment in Chilean chemicals group SQM, giving it exposure to lithium, potassium and related products used in batteries and other industrial applications. Through its wholly owned subsidiary Tianqi Chile, the company participates in Chile’s lithium industry, particularly the Salar de Atacama, a key global source of lithium brine resources.
Average Trading Volume: 6,794,495
Technical Sentiment Signal: Buy
Current Market Cap: HK$111.6B
Learn more about 9696 stock on TipRanks’ Stock Analysis page.