Galaxy looks to sidestep protracted sale of Chinese lithium plant to Tianqi

By Laura Syrett
Published: Tuesday, 21 October 2014

The Australian miner today said it hopes that proposed changes to China’s M&A regime will help it to close the sale of its Jiangsu facility more rapidly, which is important for the miner’s financial position as it pushes ahead with a lithium project in Argentina.

ASX-listed Galaxy Resources Ltd has said that the final steps needed to close the sale of its Jiangsu lithium plant in China to Sichuan Tianqi Lithium Industries are likely to be drawn out and complicated, unless proposed changes to China’s mergers and acquisitions (M&A) rules come into force....

This is a preview of the full article

Our market news and price data is reserved for registered users only.

Current customer? Login now

All of our industrial minerals price data and news is now available only through our new platform. Learn more about the intelligence we offer by visiting our Fastmarkets flagship website. If you are familiar with our reliable and trusted intelligence, fill out a request a quote form today to hear from our friendly sales staff who will create a custom license for you.


           



Interested in lithium prices? We now offer lithium prices and coverage free for reference. Click here to read all about it.

Interested in the wider electrification market?
Join our growing community of participants who want to learn more about electrification and how this market is developing.