January 29, 2026 05:14 PM GMT Tianqi Lithium Industries Inc. | Asia Pacific Lower-than-expected preliminary full-year 2025 results Reaction to earnings Unchanged Modest shortfall Largely unchanged Impact to our thesis Financial results versus consensus Direction of next 12-month consensus EPS Source: Company data, Morgan Stanley Research Tianqi reported full-year 2025 preliminary net profit of Rmb369-553mn, vs. a Rmb7.9bn loss in full-year 2024, below consensus of Rmb777mn. Implied 4Q25 net profit is Rmb189 ...

1.价格结论： 持续看涨，现在需要关心的是价格从9万涨到接近19万位置。北方地区储能项目的IRR从9%下降至了6%，如果 再涨价导致储能IRR进一步下降，可能不会影响价格。 2.平衡表更新： 原本认为2025年供给过剩3-5万吨，调整后2025年全年进入紧平衡状态。2026-2030年平衡表调整 为-1.5、-0.6、-8.9、-18.9、-44万吨。 3.供应 ： 1）大体数据： 2026年资源端量为205-206万吨，较2025年增加41.3万吨；锂盐端从154万吨增至191万吨，增加37-38万 吨。主要增长来源：澳洲格林布什新项目一期项目的投产、盐湖股份4万吨项目及其他盐湖项目爬坡；澳洲复产项目对2026 年冲击小，主要在2027年显现。2027年供应增量：资源端增量约44万吨，主要来自澳洲复产项目、Mariana项目投产等。 2)储能需求 #2025年实际出货 ：620-640G Wh，同比增长80%+。 #2026年预期 ：原预测880GWh（ 保守），当前认为900-950GWh大概率达成，激进可至1000GWh；国内备案储能项目达 1200-1300GWh（未来几年）。储能的装机和生产有时间错 ...

GREENWICH, Conn., Jan. 26, 2026 (GLOBE NEWSWIRE) -- Stardust Power Inc. (NASDAQ: SDST) (“Stardust Power” or the “Company”), an American developer of battery-grade lithium carbonate, today announced the appointment of Mr. Bruce Czachor as General Counsel, effective immediately. In this role, Mr. Czachor will oversee legal, regulatory, and corporate governance matters for the Company and will report directly to Founder and CEO, Roshan Pujari. Mr. Czachor brings more than 30 years of legal, corporate governan ...

J P M O R G A N Asia Pacific Equity Research 22 January 2026 This material is neither intended to be distributed to Mainland China investors nor to provide securities investment consultancy services within the territory of Mainland China. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. China Lithium Yichun site visit takeaway: Prices to stay elevated before supply comes out We hosted a tour last week visiting the lithium refinery/ta ...

Lithium Americas Corp. (NYSE:LAC) is among the 7 Best Lithium and Battery Stocks to Buy Right Now. Scotiabank Reaffirms its Sector Perform Rating on Lithium Americas Corp. (LAC) The Fly reported on January 12, 2026, that Scotiabank reaffirmed its Sector Perform rating and lifted the price objective for Lithium Americas Corp. (NYSE:LAC) to $7 from $5. The company stated that although the growth in EV demand fell short of projections, the lithium market inflection seems to be well-supported. Lithium Amer ...

In this article, we will discuss: 7 Best Lithium and Battery Stocks to Buy Right Now.According to a December 12, 2025, Bloomberg report, energy storage technologies could drive up demand for lithium as the global market seeks stability following years of excess supply. Analysts at Citigroup, UBS, and Bernstein anticipate that storage demand will surpass that of electric vehicles in 2026 as utility-scale batteries become a rapidly expanding lithium consumer. Lithium prices have recovered 50% from June lows, ...

南方财经1月21日电，金属锂板块持续拉升，盛新锂能涨停，永兴材料、融捷股份、天齐锂业、赣锋锂 业、西藏矿业跟涨。此前广期所碳酸锂主力合约大涨6%。 ...

The future continues to look very bright for the company's material of choice.Reflecting the highly reactive element within its name, Sigma Lithium (SGML +9.78%) has been a volatile stock over the past few trading days. On Tuesday, its shares zoomed nearly 10% higher, largely due to positive news about a peer, after a significant drop the previous trading session. An alpha stock for someThat peer is Albermarle, which, although larger and more diversified, still has a significant lithium business. Over the p ...

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 ...

Summary of China Basic Materials Monitor - January 2026 Industry Overview - The report focuses on the **China Basic Materials** industry, highlighting the impact of high commodity prices on demand and supply dynamics across various sectors. Key Points Demand Trends - End-user orderbooks are mostly in line with past seasonal trends as of mid-January, with **solar and machinery** sectors showing weakness while **battery** demand remains strong [1] - The surge in metal prices has led to notable changes in downstream demand across sectors such as **consumer electronics**, **hardware manufacturing**, **copper cables**, and **aluminum** in industrial and construction areas, resulting in weaker or delayed orderbooks and rising metal inventories [1] - High-frequency data indicates that in the first two weeks of January, Chinese demand is down **1-9% year-over-year (YoY)** for cement and construction steel, and **3-10% YoY** for aluminum and copper, while flat steel demand is up **3% YoY** [1] Supply Dynamics - Supply conditions remain heterogeneous, with consistent feedback on **cement capacity** cleaning up and ongoing capacity discipline in **coal**, but lackluster control in **steel production** [1] - Margin and pricing for **steel**, **copper**, **aluminum**, and **lithium** have improved, while **cement** and **coal** prices have remained stable [1] Sector-Specific Insights - **Cement**: Demand is lower, with a **1-9% YoY** decline noted [1] - **Aluminum and Copper**: Demand has deteriorated significantly amid high prices, with a **3-10% YoY** decline reported [1] - **Steel**: Margins have improved, but production control remains weak [1] - **Battery Materials**: Strong demand persists, leading to price hikes in solar modules, AC, LFP cathodes, and battery cells [1] Producer Feedback - A proprietary survey indicates a mixed month-over-month (MoM) trend in forward orderbooks, with **19%** of respondents reporting a pickup in January for downstream sectors and **6%** for basic materials [2] Additional Observations - The report notes that in regions with strong demand or better supply structures, price hikes have begun in specific materials, indicating a potential shift in market dynamics [1] - The overall sentiment reflects caution due to high commodity prices suppressing demand, particularly in sectors sensitive to price fluctuations [1] Conclusion - The China Basic Materials industry is currently experiencing a complex interplay of high commodity prices affecting demand and supply across various sectors. While some areas like battery materials show resilience, others like aluminum and copper are facing significant demand challenges. The mixed feedback from producers suggests a cautious outlook moving forward, with potential opportunities in regions with strong demand dynamics.