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Sociedad Quimica y Minera de Chile (SQM)

China tightens grip on lithium in Chile deal

Tue, 05/29/2018 - 10:15 -- John Shepherd
China tightens grip on lithium in Chile deal

China’s Tianqi Lithium is set to become a key shareholder of the world’s second largest producer of lithium— in a move to strengthen Chinese influence on the battery raw materials market.

Tianqi has agreed to buy a 25.9% stake in Sociedad Quimica y Minera de Chile (SQM) from Canada-based Nutrien in a deal worth more than $4 billion.

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