Tianqi Lithium Projects Major Profit Surge; Alphamin Advances Exploration Initiatives
Tianqi Lithium forecasts a net profit of 2.85-4.25 billion yuan for H1 2026, a dramatic YoY increase driven by rising lithium prices. Alphamin's exploration efforts are ongoing, with significant drilling results and a VTEM survey aimed at resource expansion.
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Tianqi Lithium anticipates a net profit attributable to shareholders of 2.85 billion to 4.25 billion yuan for H1 2026, reflecting a YoY increase of 3276.35%-4934.91%. The profit surge is attributed to heightened demand in the new energy sector and rising average selling prices of lithium products.
Meanwhile, Alphamin's parallel drilling at the Mpama South site has yielded encouraging results, with significant visible cassiterite found in multiple holes. A VTEM airborne survey completed in June aims to enhance resource mapping, supported by an ongoing soil geochemical campaign targeting 13,000 samples. These initiatives will lead to a revised Resources and Reserves estimate by Q4 2026, potentially impacting the company’s future valuation.
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