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The latest announcement is out from Tianqi Lithium Corp. Class H ( (HK:9696) ).
Tianqi Lithium Corporation has announced an update regarding its provision for asset impairment, primarily concerning its Overseas Lithium Hydroxide Projects. The company has conducted comprehensive impairment tests and estimated a provision for asset impairment of approximately RMB2.163 billion for the year ending 31 December 2024. These tests revealed that no impairment provision is necessary for the Lithium Hydroxide Project Train I based on current assessments. The final impairment figures are subject to auditing, and significant impacts on the company’s 2024 financial results will be disclosed to stakeholders.
More about Tianqi Lithium Corp. Class H
Tianqi Lithium Corporation is a leading company in the lithium industry, focusing on the production and development of lithium compounds and derivatives. The company is involved in various lithium projects, including overseas ventures, and plays a crucial role in the global supply chain for lithium products.
YTD Price Performance: 3.53%
Average Trading Volume: 1,322,427
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$55.78B
See more data about 9696 stock on TipRanks’ Stock Analysis page.
