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Tianqi Lithium Corporation (002466.SZ)
- Reuters
Chile lithium miner SQM spars with China partner over Codelco deal
Tianqi, a global lithium rival that holds about 20% of SQM shares, last week raised concerns over transparency in the talks with Codelco, which is slated to take a 50% plus one share stake in the new joint venture beginning in 2025 under a government policy aimed at boosting state control in Chile's lithium industry. SQM, the world's No. 2 lithium producer, and Codelco reached an initial agreement in December and aim to finalize details by May 31. Tianqi Chief Executive Frank Ha emphasized the company's worries over the Codelco deal in comments to Chilean newspaper La Tercera published Saturday.
- Reuters
UPDATE 1-Chile lithium miner SQM spars with China partner over Codelco deal
Chilean miner SQM's board chairman challenged what he called the questionable motives of a major shareholder, China's Tianqi Lithium Corp, the latest jab in an increasingly public spat over SQM's planned partnership with state copper producer Codelco. Tianqi, a global lithium rival that holds about 20% of SQM shares, last week raised concerns over transparency in the talks with Codelco, which is slated to take a 50% plus one share stake in the new joint venture beginning in 2025 under a government policy aimed at boosting state control in Chile's lithium industry. SQM, the world's No. 2 lithium producer, and Codelco reached an initial agreement in December and aim to finalize details by May 31.
