2月4日早间，天齐锂业在港交所公告，于2026年2月3日，董事会审议通过了《关于择机处置公司部分参 股公司股权的议案》，公司拟择机处置持有的SQM的A类股数量合计不超过3,565,970股（占SQM股份 总数的比例不超过1.25%），且出售股份以不触发公司按照上市规则及《深圳证券交易所股票上市规 则》应提交股东会审议批准的情形为限。 公告介绍，董事会授权公司管理层在一年内根据证券市场情况适时择机出售公司通过全资子公司天齐智 利持有SQM的A类股62,556,568股，同时授权公司管理层确定具体出售方案（包括但不限于确定具体出 售价格、数量及方式等）。本次授权自董事会审议通过之日起一年内有效。 SQM成立于1968年6月17日，注册地位于智利圣地亚哥，主营业务涵盖碘、锂、钾产品、农用化肥及相 关化工原料的生产与销售。 该公司自2025年12月26日起已处置通过全资子公司天齐锂业香港持有SQM的B类股748,490股，占SQM 股份总数的0.29%。于本公告日期，公司通过全资子公司Inversiones TLC SpA（天齐智利）持有SQM的 A类股62,556,568股，占其股份总数的21.90%；公司不再持有 ...

每经AI快讯，2月4日，天齐锂业（002466）在港交所公告称，于2026年2月3日，董事会审议通过了 《关于择机处置公司部分参股公司股权的议案》，公司拟择机处置持有的SQM的A类股数量合计不超过 3,565,970股(占SQM股份总数的比例不超过1.25%)，且出售股份以不触发公司按照上市规则及《深圳证 券交易所股票上市规则》应提交股东会审议批准的情形为限。公司自2025年12月26日起已处置通过全资 子公司天齐锂业香港持有SQM的B类股748,490股，占SQM股份总数的0.29%。于公告日期，公司通过全 资子公司InversionesTLCSpA("天齐智利")持有SQM的A类股62,556,568股，占其股份总数的21.90%；本 公司不再持有SQM的B类股。 ...

Core Viewpoint - Tianqi Lithium Industries (002466)(09696) plans to strategically dispose of a portion of its equity in SQM, specifically up to 3.566 million A shares, which represents no more than 1.25% of SQM's total shares [1] Group 1: Equity Disposal - The company has already disposed of 748,500 B shares of SQM, accounting for 0.29% of SQM's total shares, through its wholly-owned subsidiary Tianqi Lithium Hong Kong since December 26, 2025 [1] - As of the announcement date, the company holds 62,556,600 A shares of SQM, representing 21.90% of SQM's total shares, and no longer holds any B shares [1] Group 2: Strategic Rationale - The proposed disposal of equity in SQM is aimed at revitalizing the company's existing assets, enhancing the flexibility of its asset structure, and improving overall asset liquidity and capital efficiency [1] - This move is expected to provide more room for the company's future operational development and resource allocation, positively impacting its financial condition and stable operations [1]

Core Viewpoint - Tianqi Lithium Industries (09696) plans to dispose of a portion of its equity in SQM, specifically up to 3.566 million A shares, which represents no more than 1.25% of SQM's total shares, to enhance asset liquidity and financial efficiency [1] Group 1 - The board of directors approved the proposal to dispose of shares on February 3, 2026 [1] - The company has already disposed of 748,500 B shares of SQM, accounting for 0.29% of SQM's total shares, since December 26, 2025 [1] - As of the announcement date, the company holds 62,556,000 A shares of SQM, representing 21.90% of SQM's total shares, and no longer holds any B shares [1] Group 2 - The planned disposal of equity is aimed at revitalizing the company's existing assets and enhancing the flexibility of its asset structure [1] - This move is expected to improve overall asset liquidity and capital efficiency, providing more room for future operational development and resource allocation [1] - The initiative is considered to have a positive impact on the company's financial condition and stable operations [1]

Core Viewpoint - Tianqi Lithium's recent strategic moves indicate a shift in resource allocation and a focus on enhancing its position in the lithium battery recycling sector, particularly following a legal setback in Chile [1][2]. Group 1: Legal Setback - Tianqi Lithium's subsidiary Tianqi Chile lost a final ruling in the Chilean Supreme Court, potentially diminishing its governance influence and future revenue certainty in SQM, a key company in its portfolio [1]. - Despite the announcement stating no immediate significant impact on profits, the long-term investment return potential in the Atacama Salt Flat is perceived to be under substantial challenge [1]. Group 2: Strategic Partnership - On the same day as the court ruling, Tianqi Lithium signed a strategic cooperation agreement with JinJing New Energy to develop a green recycling industry chain for lithium batteries [1][2]. - The partnership encompasses multiple dimensions, including core R&D, overseas expansion, black powder materials, and cross-equity investment, indicating a deep collaboration beyond simple business cooperation [2]. Group 3: R&D and Market Expansion - The agreement includes establishing joint laboratories and projects to tackle key challenges in lithium-ion battery recycling and refining high-value materials [2]. - The collaboration aims to expand overseas battery recycling operations, starting from Hong Kong and gradually extending to other regions [2]. Group 4: Industry Context and Strategic Importance - The partnership aligns with Tianqi Lithium's need to enhance supply chain resilience amid uncertainties regarding control over core resources and regulatory pressures from the EU's new battery laws [3]. - The global peak in battery retirements is approaching, making the establishment of a dual assurance system of "primary mines + urban mines" a critical strategic choice for Tianqi Lithium [3]. Group 5: JinJing New Energy's Capabilities - JinJing New Energy has developed a global recycling network covering 28 countries, with three pre-treatment plants and 74 collection and dismantling points, making it a preferred service provider for new energy companies [4]. - The strategic value of JinJing New Energy's Hong Kong hub is emphasized, as it serves as a critical node for building a strategic recycling resource supply chain [4]. Group 6: Future Implications - The collaboration with JinJing New Energy is expected to provide Tianqi Lithium with access to a comprehensive international infrastructure, facilitating the establishment of a green recycling channel for battery materials [5]. - The trend towards battery recycling is becoming essential for internationalization in the new energy sector, suggesting that more upstream lithium resource companies will seek partnerships with JinJing New Energy [5].

作为全球锂资源的龙头企业，天齐锂业（002466）(09696)的一举一动都被市场格外关注，而于近期发 生的两件大事，表明了其在资源布局上的最新战略意图。 1月28日，天齐锂业发布公告称，其全资子公司天齐智利在智利最高法院的终审判决中败诉。这意味着 天齐锂业在SQM这家核心公司中的治理话语权和未来收益的确定性或将出现下降。 虽然天齐锂业于公告中表示，此次败诉对公司当前的利润没有重大直接影响，但市场普遍认为，从长远 来看，天齐锂业在全球最大锂盐湖——阿塔卡马盐湖中的投资回报潜力和资源影响力正面临实质性挑 战。 而就在这份败诉公告发布的当天，天齐锂业便迅速展开另一项关键布局——与全球循环经济产业中的领 先玩家晋景新能(01783)正式签署了《战略框架合作协议》。 智通财经APP观察到，晋景新能于1月30日发布自愿性公告称，其已于1月28日与天齐锂业的全资附属公 司Tianqi Grand Vision Energy Limited(以下简称"Tianqi Grand")达成战略合作，双方将共同构建锂电池绿 色循环产业链，推动产业闭环与资源高效回收。 对于天齐锂业而言，随着公司在海外核心资源(如智利阿塔卡马盐湖)面 ...

Core Viewpoint - SQM is identified as a strong momentum stock with a Momentum Style Score of A and a Zacks Rank of 1 (Strong Buy), indicating potential for significant near-term gains [2][3][11]. Momentum Characteristics - Momentum investing focuses on following a stock's recent price trends, with the strategy of buying high and selling higher [1]. - SQM's shares have increased by 10.19% over the past week, outperforming the Zacks Chemical - Specialty industry, which rose by 1.02% during the same period [5]. - Over the past month, SQM's price change is 18.66%, compared to the industry's 6.36% [5]. Long-Term Performance - SQM's shares have risen by 76.44% over the past quarter and 98.93% over the last year, significantly outperforming the S&P 500, which increased by only 1.27% and 16.57%, respectively [6]. Trading Volume - The average 20-day trading volume for SQM is 1,515,128 shares, which is a useful indicator of market interest and can signal bullish or bearish trends [7]. Earnings Outlook - Recent earnings estimate revisions for SQM show 2 upward revisions and 1 downward revision for the current fiscal year, raising the consensus estimate from $2.22 to $2.25 [9]. - For the next fiscal year, 3 estimates have moved upwards with no downward revisions, indicating positive sentiment [9]. Conclusion - Given the strong momentum indicators and positive earnings outlook, SQM is positioned as a compelling investment opportunity for those seeking stocks with high growth potential [11].

Core Viewpoint - The recovery in lithium prices is primarily benefiting mining assets and investment returns rather than evenly distributing across the lithium salt processing segment [5][10]. Group 1: Company Performance Forecasts - Ganfeng Lithium and Tianqi Lithium both released performance forecasts for 2025, indicating a shift from significant losses in 2024 to profitability [3]. - Ganfeng expects a net profit of 1.1 billion to 1.65 billion yuan for 2025, recovering from a loss of 2.074 billion yuan in the previous year [6]. - Tianqi anticipates a net profit of 369 million to 553 million yuan, compared to a loss of 7.905 billion yuan in the same period last year [8]. Group 2: Profit Contribution Analysis - Both companies' profit increases are heavily concentrated in the fourth quarter, closely linked to improvements in upstream resource rights and related investment returns [4]. - Ganfeng's fourth-quarter contribution is estimated to be between 1.074 billion and 1.624 billion yuan, which is crucial for the overall annual results [7]. - Tianqi's fourth-quarter net profit is projected to be between 189 million and 373 million yuan, also significantly impacting the annual profit recovery [8]. Group 3: Investment and Asset Performance - Ganfeng attributes its profit reversal to changes in financial assets and investment returns, including a fair value change gain of approximately 1.03 billion yuan from its holdings in Pilbara Minerals [8]. - Tianqi's profit recovery is supported by increased investment returns from its joint venture SQM, along with gains from currency exchange and reduced asset impairment losses [12][13]. Group 4: Industry Comparison - The recovery in the lithium industry is not uniform; differences arise from resource endowments, cost mechanisms, and production capacity realization [14]. - Yahua Group expects a net profit of 600 million to 680 million yuan for 2025, attributing improvements to rising lithium salt prices and increased sales in the latter half of the year [14]. - Cangge Mining forecasts a net profit of 3.7 billion to 3.95 billion yuan, driven by improvements in both potassium chloride and lithium carbonate businesses [16]. Group 5: Challenges in the Industry - Some lithium salt companies are still facing losses; Shengxin Lithium Energy anticipates a net loss of 600 million to 850 million yuan for 2025 due to industry supply-demand dynamics and exchange losses [16]. - Tibet Mining expects a net loss of 20 million to 40 million yuan, indicating that price rebounds are insufficient to improve current financial statements [17].

消息面上，天齐锂业就SQM与智利国家铜业公司战略合作提起的诉讼，以败诉告终。阿塔卡马盐湖的 核心锂业务将由智利国家铜业公司持有多数股权，并将由智利国家铜业公司自2031年起合并报表。 SQM的国有化将使得天齐锂业从SQM所获得的收益大幅降低。 天齐锂业在公告中指出，一旦上述合资事项正式生效，SQM未来收益可能减少，进而影响天齐锂业在 SQM的投资收益及分红，可能导致公司须对该投资计提减值准备。 智通财经APP获悉，天齐锂业(09696)再跌超8%，截至发稿，跌8.44%，报50.45港元，成交额1.35亿港 元。 ...

天齐锂业在公告中指出，一旦上述合资事项正式生效，SQM未来收益可能减少，进而影响天齐锂业在 SQM的投资收益及分红，可能导致公司须对该投资计提减值准备。 消息面上，天齐锂业就SQM与智利国家铜业公司战略合作提起的诉讼，以败诉告终。阿塔卡马盐湖的 核心锂业务将由智利国家铜业公司持有多数股权，并将由智利国家铜业公司自2031年起合并报表。 SQM的国有化将使得天齐锂业从SQM所获得的收益大幅降低。 天齐锂业（002466）(09696)再跌超8%，截至发稿，跌8.44%，报50.45港元，成交额1.35亿港元。 ...