Bank of America Securities: Tianqi Lithium Corporation (09696) performance forecast is roughly in line with expectations, maintaining a "buy" rating.

Bank of America Securities has released a research report stating that it maintains a "buy" rating on Tianqi Lithium Corporation (09696), believing that the company is prepared for higher lithium price forecasts and improved profit margins. Looking at the industry as a whole, the bank expects lithium prices to reach RMB 126,000 per ton in 2026, continuing to rise in the first half of the year due to low inventory levels. The bank has set a target price of HK$70 for the company. Tianqi Lithium Corporation has announced a profit surprise, with estimated net profit ranging from RMB 369 million to 553 million last year. This means that the net profit in the fourth quarter is estimated to range from RMB 189 million to 373 million, showing improvement by quarter and consistent with the industry trend of rising lithium and spodumene prices.