天齐锂业（002466）(002466.SZ)公告，于2025年12月18日，泰利森第三期化学级锂精矿扩产项目己经 建设完成并正式投料试车。项目建成投产后，泰利森锂精矿项目总建成产能达到214万吨/年。 ...

Core Viewpoint - Tianqi Lithium Industries announced the completion and commissioning of the third phase of the Talison chemical-grade lithium concentrate expansion project, which will increase the total production capacity to 2.14 million tons per year by December 18, 2025 [1] Group 1 - The Talison lithium concentrate project has officially commenced trial production [1] - The total production capacity of the Talison lithium concentrate project will reach 2.14 million tons per year upon completion [1]

证券代码：002466 证券简称：天齐锂业 公告编号：2025-061 天齐锂业股份有限公司 关于泰利森第三期化学级锂精矿扩产项目进展情况的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完 整，没有虚假记载、误导性陈述或重大遗漏。 一、项目概述 2018年7月24日，天齐锂业股份有限公司（以下简称"公司"）召开第四届董事会第十八 次会议审议通过了《关于同意泰利森第三期锂精矿扩产计划的议案》，同意公司控股子公司 Windfield Holdings Pty Ltd（以下简称"文菲尔德"）之全资子公司Talison Lithium Pty Ltd（以 下简称"泰利森"）正式启动化学级锂精矿产能继续扩产的建设工作，建造一个独立的、专用 的大型化学级锂精矿生产设施和新的矿石破碎设施，同时为后续扩产做好配套基础设施建设工 作（以下简称"泰利森第三期化学级锂精矿扩产项目"或"项目"）。项目选址位于西澳大利 亚州格林布什，资金来源为泰利森自筹；该项目原计划于2020年第四季度竣工并开始试生产； 2020年12月22日文菲尔德董事会决定将泰利森第三期锂精矿扩产计划试运行时间推迟到2025 年。 二、项目进展情况 ...

Core Viewpoint - Tianqi Lithium Industries (002466.SZ) has completed the construction and trial operation of the third phase of the Talison chemical-grade lithium concentrate expansion project, which is expected to enhance the company's production capacity and profitability [1] Group 1: Project Completion and Capacity - The Talison third phase chemical-grade lithium concentrate expansion project was completed and officially started trial production on December 18, 2025 [1] - After the project is fully operational, the total production capacity of the Talison lithium concentrate project will reach 2.14 million tons per year [1] Group 2: Supply and Resource Matching - The chemical-grade lithium concentrate required for the company's domestic and international lithium chemical product production bases mainly comes from the Greenbushes lithium spodumene mine owned by the company's wholly-owned subsidiary, Wanfielder [1] - The completion of the Talison expansion project will provide a continuous and sufficient raw material supply for the company's production bases, enhancing the efficient matching of capacity and resources [1] Group 3: Industry Synergy and Profitability - The project is expected to strengthen the synergy between the upstream and downstream of the industry chain, which may further improve the company's profitability [1]

格隆汇12月19日｜天齐锂业公告，2025年12月18日，泰利森第三期化学级锂精矿扩产项目己经建设完成 并正式投料试车。后续，项目将加紧进行调试和优化，争取尽快生产出符合标准的化学级锂精矿产品并 完成项目产能爬坡。该项目建成投产后，泰利森锂精矿项目总建成产能达到214万吨/年。 ...

每经AI快讯，12月19日，锂板块拉升，盛新锂能涨超4%，西藏矿业、永杉锂业、赣锋锂业、天齐锂业 跟涨。 （文章来源：每日经济新闻） ...

锂板块直线拉升，盛新锂能涨超4%，西藏矿业、永杉锂业、赣锋锂业、天齐锂业跟涨。消息面上，碳 酸锂主力合约日内涨超4%。 ...

Core Viewpoint - Tianqi Lithium Industries experienced a stock price decline of 2.02% on December 19, with a trading price of 51.05 CNY per share and a total market capitalization of 83.783 billion CNY [1] Financial Performance - For the period from January to September 2025, Tianqi Lithium reported a revenue of 7.397 billion CNY, a year-on-year decrease of 26.50%, while the net profit attributable to shareholders was 180 million CNY, reflecting a year-on-year increase of 103.16% [2] Stock Market Activity - The stock has seen a year-to-date increase of 54.70%, with a recent decline of 1.14% over the last five trading days and an 8.97% drop over the last 20 days [1] - The company has appeared on the "Dragon and Tiger List" twice this year, with the most recent appearance on August 11, where it recorded a net purchase of 381 million CNY [1] Shareholder Information - As of September 30, 2025, the number of shareholders increased to 310,100, a rise of 14.52%, while the average circulating shares per person decreased by 12.68% to 4,759 shares [2] - The top ten circulating shareholders include Hong Kong Central Clearing Limited and China Securities Finance Corporation, with notable changes in their holdings [3] Dividend Distribution - Since its A-share listing, Tianqi Lithium has distributed a total of 7.868 billion CNY in dividends, with 7.137 billion CNY distributed over the past three years [3] Industry Classification - Tianqi Lithium operates within the non-ferrous metals sector, specifically in energy metals, focusing on lithium products and related derivatives [2]

Group 1 - The energy metal sector is experiencing a surge in demand driven by a dual catalyst of supply restructuring and explosive demand, particularly in the context of energy storage [1][2] - Major resource countries are actively managing supply through policies such as quotas and licenses, aiming to gain control over resource pricing [1][2] - The demand for carbonated lithium in the energy storage sector is projected to reach approximately 345,000 tons by 2025 and is expected to exceed 500,000 tons by 2026, marking a tenfold increase from 2021 [2] Group 2 - In the lithium sector, the industry is undergoing a deep clearing with a slowdown in capital expenditure, indicating clear bottom signals. The sustained demand for energy storage is expected to drive a tight balance in global carbonated lithium supply and demand by 2026, making lithium prices more likely to rise [2][3] - Cobalt prices are entering an upward channel due to supply management, while nickel prices, despite being suppressed by high inventory, have dropped to deep cost curve levels, with Indonesia's supply management laying the groundwork for future price recovery [2][3] - The domestic production index control for rare earth materials is tightening supply, while resilient demand from downstream sectors such as new energy vehicles and wind power supports a strong price environment [2][3] Group 3 - Recommended companies in the lithium sector include Ganfeng Lithium, Tianqi Lithium, Zhongjin Lingnan Nonfemet Company, Yongxing Materials, and Shengxin Lithium Energy [3][4] - For cobalt and nickel, Huayou Cobalt is highlighted as a potential beneficiary due to strengthened supply-side policies and the industry being at a long-term bottom [3][4] - In the rare earth magnetic materials sector, companies such as Ningbo Yunsheng and Jieli Permanent Magnet are suggested as beneficiaries due to supply tightening and stable high-end demand [3][4]

Market Overview - The S&P 500 index has experienced four consecutive declines, primarily driven by large technology stocks[1] - Major U.S. indices collectively fell, with the Nasdaq down nearly 2%[9] - The S&P 500 closed at 6,800, reflecting a decline of 1.16% for the day and a year-to-date increase of 14.28%[3] Hong Kong Market Performance - The Hong Kong stock market showed a significant recovery in the afternoon, with major indices rebounding after two consecutive days of decline[9] - Large technology stocks such as Meituan and Kuaishou rose nearly 2%, while Tencent and Alibaba increased over 1%[9] - The financial sector saw a collective rise, with China Life Insurance up over 4% and CITIC Securities up over 3%[9] Sector Highlights - Precious metals stocks strengthened, with China Silver Group rising over 7% due to a weaker dollar and expectations of interest rate cuts, pushing silver prices above $66 per ounce[9] - The aviation sector saw gains, with China Southern Airlines up over 5% as ticket bookings surged ahead of the New Year holiday[9] - The lithium battery sector also rose, driven by a significant increase in lithium carbonate futures prices, with Tianqi Lithium up 5.83%[9] Economic Indicators - Japan's November exports grew by 6.1% year-on-year, exceeding market expectations, with a trade surplus of 322.2 billion yen[13] - The U.S. Treasury yields have shown fluctuations, impacting market sentiment and investment strategies[18]