Previous Close | 27.70 |
Open | 26.60 |
Bid | 25.81 x N/A |
Ask | 25.82 x N/A |
Day's Range | 25.82 - 28.00 |
52 Week Range | 24.44 - 60.98 |
Volume | |
Avg. Volume | 24,008,092 |
Market Cap | 38.139B |
Beta (5Y Monthly) | 0.91 |
PE Ratio (TTM) | N/A |
EPS (TTM) | -2.66 |
Earnings Date | Oct 24, 2024 - Oct 28, 2024 |
Forward Dividend & Yield | 1.35 (5.23%) |
Ex-Dividend Date | Jun 07, 2024 |
1y Target Est | 46.35 |
(Bloomberg) -- A major Chinese lithium producer swung to its first half-year loss since 2020, hit by the battery material’s massive price slump.Most Read from BloombergA Guide to Urban Swimming in Europe, Beyond the SeineDense Cities With Low Emissions Suffer Most From Air Pollution, Study FindsTianqi Lithium Corp. posted a net loss of 5.21 billion yuan ($734 million) for the first six months, from a profit of 6.45 billion yuan a year earlier, according to a statement late Friday.A glut of suppl
Tianqi, a global lithium rival that holds about 20% of SQM shares, last week raised concerns over transparency in the talks with Codelco, which is slated to take a 50% plus one share stake in the new joint venture beginning in 2025 under a government policy aimed at boosting state control in Chile's lithium industry. SQM, the world's No. 2 lithium producer, and Codelco reached an initial agreement in December and aim to finalize details by May 31. Tianqi Chief Executive Frank Ha emphasized the company's worries over the Codelco deal in comments to Chilean newspaper La Tercera published Saturday.
Chilean miner SQM's board chairman challenged what he called the questionable motives of a major shareholder, China's Tianqi Lithium Corp, the latest jab in an increasingly public spat over SQM's planned partnership with state copper producer Codelco. Tianqi, a global lithium rival that holds about 20% of SQM shares, last week raised concerns over transparency in the talks with Codelco, which is slated to take a 50% plus one share stake in the new joint venture beginning in 2025 under a government policy aimed at boosting state control in Chile's lithium industry. SQM, the world's No. 2 lithium producer, and Codelco reached an initial agreement in December and aim to finalize details by May 31.