Tianqi Lithium: Iron lithium recycling capacity saturated in the fourth quarter, achieving phased stable volume shipments.

Tianqi Group stated during the institutional research that as of 2025, the lithium battery recycling industry still faces challenges such as insufficient raw material supply and underutilized production capacity. However, with the relaxation of imported black powder and the upward trend of major metal prices, the company's gross profit in this sector has turned losses into profits, with a gradual improvement month over month and a significant narrowing of losses. At the same time, in the fourth quarter, the capacity of iron lithium recycling has been saturated, achieving a phase of stable batch shipments.