格隆汇2月4日｜天齐锂业午间公告，公司拟择机对参股公司中创新航科技集团股份有限公司和Sociedad Química y Minera de Chile S.A.部分股权进行处置。公司本次拟处置部分参股公司股权对盘活公司存量资 产，提高公司资产流动性等将起到积极作用。本次参股公司股权处置事项的方式、时点、数量、价格等 将视当时的市场环境、股票价格等情况而定，因此存在不确定性。本次处置公司所持有的SQM的部分A 类股股权不会影响公司在SQM拥有的董事会席位，不会因此对公司参与SQM公司治理造成实质性障 碍。鉴于证券市场股价波动性较大，处置回笼资金的金额存在较大的不确定性。 ...

中国天齐锂业拟出售参股公司SQM的A类股数量合计不超过3,565,970股。 ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In "long context," investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even though momentum is a popular stock characte ...

Core Viewpoint - Tianqi Lithium, as the second-largest shareholder of SQM with approximately 22.16% stake, has lost a legal battle regarding SQM's cooperation agreement with Codelco for lithium resources in the Atacama salt flat, leading to the transfer of control over this key lithium asset to Codelco, marking a significant shift in the global lithium resource governance landscape [2]. Group 1: Timeline of Events - On December 27, 2023, SQM and Codelco signed a memorandum of understanding to collaborate on the Atacama salt flat until 2060 [3]. - On May 31, 2024, both parties officially signed a partnership agreement, establishing a joint venture where Codelco holds 50.000001% and will take control and consolidate financial statements starting in 2031 [4]. - Tianqi Lithium applied to the Chilean Financial Market Commission (CMF) on May 21, 2024, requesting a special shareholders' meeting to approve the transaction, which was rejected by CMF on June 18, 2024 [4]. - After a series of legal challenges, the Chilean Supreme Court upheld the lower court's decision on January 27, 2026, confirming the validity of the partnership agreement [4]. Group 2: Direct Impact on Tianqi Lithium - Governance rights have been weakened as control over SQM's core lithium assets shifts to Codelco, reducing Tianqi's influence through board representation [5]. - Investment returns are under pressure, with 70% of the joint venture's profits allocated to the Chilean government from 2025 to 2030, leading to a decline in SQM's dividend capacity and increasing the risk of long-term impairment of Tianqi's investment [5]. - Strategic adjustments are necessary, emphasizing compliance with resource country policies and accelerating resource reserves and capacity construction in domestic and other regions [5]. Group 3: Industry Impact - The nationalization of Chile's lithium resources is accelerating, reinforcing the trend of "Lithium Pacts" in South America, and shifting global lithium pricing power towards resource-rich countries [5]. - The barriers to overseas lithium mining investments are rising, requiring companies to accept deeper involvement of state capital and shifting cooperation models towards "technology for shares" and "capacity for resources" [5]. Group 4: Chile's Lithium Nationalization Policy - The Chilean government's lithium strategy was announced in April 2023, positioning lithium as a strategic mineral and planning to establish a state-owned lithium company [6]. - The partnership agreement signed in May 2024 marks the core implementation of the nationalization strategy, with Codelco holding a controlling stake in key lithium projects [6]. - The joint venture's profit distribution will see 70% of profits going to the government from 2025 to 2030, with Codelco leading profit distribution after 2031 [6]. Group 5: Recommendations for Companies and Industry - Companies should conduct comprehensive assessments of resource country policies and proactively establish shareholder agreements and investment terms to secure exit mechanisms and dividend rights [7]. - Innovative cooperation models should be developed, collaborating with state-owned enterprises like Codelco to exchange technology, capacity, and market access for resource development rights, thereby mitigating policy risks [7]. - Strengthening communication with resource country governments is essential to promote transparent pricing and profit distribution mechanisms, balancing national interests with corporate returns [9].

Ivanhoe Electric to Provide a New Generation Typhoon™ Geophysical Survey System and Computational Geosciences' Advanced Data Inversion SoftwareSQM to Provide Access to Prospective Caliche-covered Mining Concessions on Major Copper Belts in Northern ChileSQM to Fund at Least $9 Million for Exploration During the Collaboration's Initial Three-year TermIvanhoe Electric has the Option to Form a 50/50 Joint Venture with SQM Upon Making a Qualifying Copper DiscoveryPhoenix, Arizona--(Newsfile Corp. - January 27, ...

Group 1 - China Aluminum International (02068) saw a mid-day increase of over 2.4% after announcing a joint venture to undertake a new electrolytic aluminum project with an annual capacity of 394,000 tons, with the first phase set at 294,000 tons [1] - CGN Mining (01164) rose over 8.3% following the submission of a preliminary prospectus for a trust that plans to issue up to $2 billion in transferable, non-redeemable trust shares over 25 months, with annual uranium procurement not exceeding 9 million pounds [1] - China Shengmu Organic Milk (01432) increased nearly 6% after a joint announcement regarding a potential conditional cash offer to acquire all issued shares of the company [1] Group 2 - Yijun Group Holdings (02442) surged over 18%, with a cumulative increase of nearly 500% since its resumption of trading in December, following the sale of shares by its controlling shareholder [2] - China Rare Earth Holdings (03788) rose over 10%, reaching a historical high of 5.49 HKD, after announcing the termination of its gold spin-off plan to focus on gold business [2] - Laopuqin Gold (06181) increased over 7.3% as consumer demand is expected to rise during the upcoming Spring Festival, driven by higher gold prices and anticipated price increases [2] Group 3 - Oil stocks continued to rise, with CNOOC (02883) up 4.19%, Sinopec (00386) up 2.54%, and PetroChina (00857) up 3.68%, amid escalating geopolitical tensions in Iran and Cuba [3] - Changfei Optical Fiber (06869) saw a rise of over 15.4% due to significant price increases and supply tightness in the G.652.D optical fiber market, with major manufacturers unable to meet their own orders [3] Group 4 - Nanshan Aluminum International (02610) increased over 2.6% after announcing plans to start construction on a 250,000-ton electrolytic aluminum project in 2026, with an investment of $437 million [4] - Xindong Company (02400) saw a slight increase of 0.43% as its mobile game "Xindong Town" surpassed 10 million downloads, indicating strong user growth [4] Group 5 - EquipmentShare.com (EQPT.US) debuted on the US stock market with an IPO price of $24.5, closing up 32.9% on its first day [5] - The solar energy sector saw initial gains, with JinkoSolar (JKS.US) up 9.03% and Canadian Solar (CSIQ.US) up 4.57%, following discussions at the Davos Forum [5] - Silver-related stocks experienced gains, with First Majestic Silver (AG.US) rising 5.04% as spot silver prices surpassed $100 [5] Group 6 - Lithium mining stocks mostly rose, with Sigma Lithium (SGML.US) up 17.54% after announcing additional sales of high-purity lithium powder [6] - Bank stocks declined, with Goldman Sachs (GS.US) down 3.75% amid legal issues involving President Trump and JPMorgan [6] - Redwire (RDW.US) increased by 4.51% following comments from Elon Musk about SpaceX's plans for reusable rocket technology [6] Group 7 - Semiconductor stocks showed strength, with AMD (AMD.US) up 2.35% and Nvidia (NVDA.US) up 1.53%, as Nvidia's CEO visited China to discuss future plans [7] - Ericsson (ERIC.US) rose 8.87% after reporting strong fourth-quarter earnings, with adjusted EBITA reaching 12.7 billion SEK, a 24% increase year-over-year [8] - Intel (INTC.US) fell 17.03% due to disappointing performance outlooks and manufacturing issues [8]

Investing in lithium stocks has been challenging over the past few years due to the extreme volatility in lithium prices. After registering new highs in November 2022, spot lithium carbonate prices declined by ~90%Dilantha De Silva is an experienced equity analyst and investment researcher with over 10 years in the investment industry. He writes insightful articles for Seeking Alpha, GuruFocus, TipRanks, and ValueWalk, with a significant following on Seeking Alpha. Dilantha’s expertise spans across various ...

Core Viewpoint - The article discusses the evolution of the lithium mining sector, highlighting its growth from being an overlooked industry to a significant player in the investment landscape, particularly through the lens of companies like Sociedad Química y Minera de Chile S.A (SQM) [1]. Group 1: Industry Overview - The lithium sector has gained prominence over the years, transitioning from a niche market to a critical component in various industries, especially in battery production for electric vehicles [1]. - The author emphasizes the importance of financial analysis and operational forecasts in determining the valuation of companies within the lithium mining sector [1]. Group 2: Investment Perspective - The article reflects a long-term investment strategy, focusing on companies that show potential for growth and profitability in the lithium market [1]. - The author aims to provide a streamlined version of institutional research to help investors understand the financial implications of their investment choices [1].

Group 1 - The global lithium metal market is experiencing a significant rebound, with related stocks showing strong price increases, such as Albemarle (ALB.US) up 4.98% and Lithium Argentina AG (LAR.US) up 7.31%, both reaching multi-year highs [1] - Canadian Imperial Bank of Commerce upgraded the ratings of Albemarle and Lithium Argentina from "in line with the industry" to "outperform," setting target prices at $200 and $7.75 respectively, while also emphasizing that the current rise in lithium prices is just the first round of a prolonged supply tightness cycle [1] - Analyst Ben Isaacson predicts that lithium demand will reach 2.8 million tons by 2030, with a range of 2.5 to 3.2 million tons under different scenarios, and a compound annual growth rate of approximately 14% over the next five years [1] Group 2 - Concerns regarding Albemarle's balance sheet are gradually dissipating, as the company has achieved leverage optimization for four consecutive quarters and is expected to reach positive free cash flow of $300-400 million by the end of 2025 [2] - The stock price of Albemarle is anticipated to see significant upward movement due to the increasing visibility of industry turning points and ongoing self-rescue measures [2] - For Lithium Argentina, the Caucharí project produced 34,100 tons of lithium carbonate in line with guidance, with an operating rate of 85%, and cash operating costs have fallen below $6,000 per ton, ensuring positive free cash flow at any stage of the industry cycle [2] Group 3 - The analyst maintains a "in line with the industry" rating for Lithium Americas (LAC.US), as the company currently has no lithium production or revenue sources, and this situation is unlikely to change in the coming years [3] - The inability of Lithium Americas to benefit from potential future increases in lithium prices raises questions about the justification for a higher rating compared to peers [3]

Industry Overview - The global lithium market is entering a new growth cycle after a challenging 2025, with prices having fallen approximately 90% from their 2022 peak due to slowed electric vehicle (EV) demand and increased supply [1] - The market is projected to expand from $13.9 billion in 2024 to $55.5 billion by 2032, indicating a compound annual growth rate (CAGR) of nearly 19% [4] Demand Drivers - Electric vehicles will continue to drive lithium demand, complemented by strong growth in solar power installations that enhance the use of battery energy storage systems (BESS) [2] - Artificial intelligence is creating new lithium needs, as massive AI data centers are increasingly incorporating lithium-ion batteries to manage peak energy use [3] Key Players Rio Tinto - Rio Tinto aims to become a major lithium producer, having completed a $6.7 billion acquisition of Arcadium Lithium, which provides access to significant lithium resources [7] - The company plans to increase capacity at its Tier 1 lithium operations to over 200,000 tons of lithium carbonate equivalent per year by 2028 [7] - Rio Tinto is also expanding its lithium operations in South America, with a $2.5 billion investment in the Rincon project in Argentina, expected to produce up to 60,000 tons of battery-grade lithium carbonate annually by 2028 [8] Lithium Americas - Lithium Americas is focusing on the U.S. market with its Thacker Pass project, which is expected to produce up to 40,000 tons of lithium carbonate per year, potentially making the U.S. the second-largest lithium producer [12] - The project has received strong government support, including a 5% stake acquisition by the U.S. Department of Energy and a $435 million loan from a larger $2.23 billion package [13] Albemarle - Albemarle is enhancing its global lithium conversion capacity through strategic projects, with production milestones supporting growth [15] - The company expects to achieve around $450 million in cost and productivity gains in 2025, exceeding initial targets [16] - Albemarle's scale and focus on cost management position it well to capture rising lithium demand globally [17] Sociedad Quimica y Minera (SQM) - SQM is expanding its lithium production capacity, targeting 240,000 metric tons of lithium carbonate by 2026 in Chile and ramping up lithium hydroxide capacity to 100,000 metric tons by the end of 2025 [19] - The company operates a lithium hydroxide refinery in China and is advancing the Mt. Holland project in Australia, further strengthening its global supply chain [20] - SQM anticipates long-term lithium demand to outpace supply, positioning itself to grow market share in the EV battery sector [21]