China's Tianqi Lithium shares ride roller-coaster Hong Kong debut

Price rebounds from over 10% fall to end flat as executives take 'longer view'

20220713 Tianqi Lithium HKEX

The share prices of Tianqi Lithium and Noah Holdings initially fell in their market debuts on Wednesday at the Hong Kong Exchange amid a festive ceremony that included the banging of huge gongs. (Photo by Kenji Kawase)

KENJI KAWASE, Nikkei Asia chief business news correspondent

HONG KONG -- Share of Tianqi Lithium, one of the largest miners of the key mineral used for electric batteries and various other kinds of new energy storage, pared sharp early losses in their debut on the Hong Kong Exchange on Wednesday after raking in $1.66 billion in the city's biggest new issuance this year.

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