Tianqi set to buy 2% stake in SQM

By Myles McCormick, Yoke Wong
Published: Tuesday, 27 September 2016

The deal marks further expansion by the Chinese lithium producer, which had already indicated an interest in acquiring a share of its Chilean rival via an alternate route.

China’s Tianqi Lithium Industries Inc. will buy a 2.1% stake in Chilean rival Sociedad Quimica y Minera SA (SQM), subject to regulatory approvals, it announced in a statement on the Shenzhen Stock Exchange overnight.

The company will pay $209.63m for the stake, to Sailing Stone Capital Partners LLC, an...

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.