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Tianqi Lithium Corp. Class H ( (HK:9696) ) has provided an announcement.
Tianqi Lithium Corporation’s wholly-owned subsidiary, Tianqi Chile, recently faced a legal setback as its claim of illegality against a decision by the CMF was dismissed by a Chilean court. This decision, related to a partnership agreement between SQM and Codelco, does not impact Tianqi’s current financial assumptions or profits. However, the partnership may alter SQM’s control over its lithium operations in Chile, potentially affecting Tianqi’s investment returns and dividends. The company plans to continue monitoring the situation and may take further legal action to protect its interests.
The most recent analyst rating on (HK:9696) stock is a Buy with a HK$41.00 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 major player in the lithium industry, primarily focusing on the production and supply of lithium products. The company is involved in the mining and processing of lithium, which is a critical component in batteries and other energy storage solutions. Tianqi Lithium has a significant market focus on lithium operations in Chile, particularly through its investment in SQM, a leading lithium producer.
Average Trading Volume: 6,950,208
Technical Sentiment Signal: Buy
Current Market Cap: HK$101.7B
Learn more about 9696 stock on TipRanks’ Stock Analysis page.