Tianqi Lithium has announced that it is currently in the process of conducting impairment tests on two projects, each designed to produce 24,000 tons of battery-grade lithium hydroxide monohydrate annually. At this stage, no definitive conclusions have been reached. The company will meticulously analyze and assess these projects in strict adherence to relevant regulations, with the aim of determining whether they fulfill the criteria for asset impairment provisions and the exact magnitude of any such impairments. Should subsequent impairment provisions be confirmed, they are anticipated to exert a substantial influence on the company's operating performance in 2024.
