Tianqi Lithium expects return to profitability in Q1 2025

Tianqi Lithium Corp (SZSE:002466) anticipates a return to profitability in the first quarter of 2025, with net profits attributable to shareholders projected to range from CNY82 million to CNY123 million. This marks a significant improvement compared to the first quarter of 2024, which saw a loss of CNY389.68 million. The company attributes this turnaround to improved pricing mechanisms at its subsidiary, Talison Lithium Pty Ltd, and reduced cost impact from domestic lithium concentrate procurement. Increased production and sales volumes of lithium compounds and derivatives have also contributed to the positive forecast. Earnings per share are estimated to be between CNY0.05 and CNY0.08. The forecast also includes investment income from its associated company, Sociedad Química y Minera de Chile S.A. (SQM).