Tianqi Lithium released its earnings forecast, with the lithium mining leader expecting a substantial loss

Tianqi Lithium released its performance forecast, predicting a loss of 3.6 billion to 4.3 billion yuan in the first quarter of 2024, turning from profit to loss year-on-year. The company explained that due to the fluctuations in the lithium product market, the sales price of lithium products has dropped sharply, resulting in a sharp drop in the gross profit of lithium products.