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Tianqi Lithium Corporation (002466.SZ)

Shenzhen - Shenzhen Delayed Price. Currency in CNY
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25.32-0.42 (-1.63%)
At close: 4:29PM CST
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Chart Events
Neutralpattern detected
Previous Close25.74
Open25.64
Bid25.31 x N/A
Ask25.32 x N/A
Day's Range25.20 - 26.48
52 Week Range15.18 - 38.38
Volume75,692,989
Avg. Volume80,446,218
Market Cap37.4B
Beta (5Y Monthly)0.94
PE Ratio (TTM)N/A
EPS (TTM)-5.68
Earnings DateApr 29, 2020
Forward Dividend & Yield0.15 (0.60%)
Ex-Dividend DateJun 19, 2019
1y Target Est51.00
  • Reuters

    Lithium producers must wait as pandemic slows electric vehicle revolution

    The coronavirus pandemic has paused the electric vehicle revolution, forcing producers of battery metal lithium into survival mode with output cuts, expansion delays and sales of major assets. Lithium industry shares have dropped sharply since January as the economic downturn from the pandemic slammed the brakes yet again on the electrification revolution that for years has seemed just around the corner. The holdup will result in a shortage of the white metal available for EV batteries when markets rebound, warned industry analysts, executives and consultants.

  • Moody's

    Tianqi Lithium Corporation -- Moody's downgrades Tianqi Lithium to Caa1; outlook negative

    Moody's Investors Service has downgraded to Caa1 from B2 Tianqi Lithium Corporation's corporate family rating (CFR). Moody's has also downgraded the senior unsecured rating on the bonds issued by Tianqi Finco Co., Ltd and guaranteed by Tianqi Lithium to Caa2 from B2. "The ratings downgrade reflects Tianqi Lithium's very strained capital structure as a result of its high debt burden, elevated leverage and weak liquidity," says Gerwin Ho, a Moody's Vice President and Senior Credit Officer.

  • Moody's

    Tianqi Lithium Corporation -- Moody's downgrades Tianqi Lithium to B2; outlook negative

    Moody's Investors Service has downgraded to B2 from B1 Tianqi Lithium Corporation's corporate family rating (CFR) and the senior unsecured rating on the bonds issued by Tianqi Finco Co., Ltd and guaranteed by Tianqi Lithium. "The ratings downgrade reflects Tianqi Lithium's reduced financial flexibility as a result of its weakened capital structure, which in turn will raise refinancing risk, in particular with regard to the November 2020 maturity of part of the loan associated with its acquisition of a stake in Sociedad Quimica y Minera de Chile S.A. (SQM, Baa1 stable)," says Gerwin Ho, a Moody's Vice President and Senior Credit Officer. The updated guidance includes an estimated RMB2.2 billion impairment charge related to its 25.9% stake in SQM, which Tianqi Lithium reports as long-term investment on an equity method basis.