Tianqi Lithium (09696): Thalison's third phase chemical grade lithium concentrate expansion project has been completed and officially put into testing

According to the Zhitong Finance App, Tianqi Lithium (09696) issued an announcement. On December 18, 2025, the third phase of Thalison's chemical grade lithium concentrate expansion project has been completed and officially put into testing. Subsequently, the project will step up debugging and optimization to produce chemical-grade lithium concentrate products that meet the standards as soon as possible and complete the project's production capacity climb.

After the project was completed and put into operation, the total production capacity of the Thalison lithium concentrate project reached 2.14 million tons/year.

Currently, the chemical-grade lithium concentrate required for the company's domestic and foreign lithium chemical product production sites mainly comes from the Greenbush spodumene mine owned by Thalison, a wholly-owned subsidiary of Wenfield, a holding subsidiary of the company. After the completion and commissioning of the third phase of Thalison's chemical-grade lithium concentrate production expansion project, it will provide a continuous and sufficient raw material guarantee for the company's domestic and foreign lithium chemical product production bases, help achieve efficient matching of the company's production capacity and resources, enhance the synergy between upstream and downstream of the industrial chain, and is expected to further enhance the company's profitability.

The non-ferrous metals industry is a cyclical industry. Affected by changes in various factors, the price of lithium products is volatile. Current and anticipated changes in supply and demand may affect the current and expected prices of lithium products. Fluctuations in the price of lithium concentrate may cause uncertainty in the company's business, financial situation and operating results.

In the process of subsequent testing and production of the project, there are still uncertainties such as whether chemical-grade lithium concentrate that meets the standards can be produced in a timely manner and whether the slope climbing plan can be implemented effectively, and there is a risk that the follow-up progress of the project may fall short of expectations.