Tianqi Lithium's first quarter performance was disappointing, and the Shenzhen Stock Exchange issued a letter of concern

Due to the sudden collapse of the first quarter performance of lithium mining leader Tianqi Lithium in 2024, the Shenzhen Stock Exchange issued a letter of concern to it, asking it to explain the reasons for the sharp increase in losses in the first quarter and to assess whether there is a risk of continued losses. Tianqi Lithium is expected to lose 3.6 billion to 4.3 billion yuan in the first quarter, while it made a profit of 297 million yuan in the same period of 2023.