Tianqi to take 20% stake in Rockwood

By Myles McCormick
Published: Thursday, 01 December 2016

The Chinese lithium producer will exercise an option to buy a minority share in the subsidiary of its US competitor Albemarle.

Tianqi Lithium Corp. has given notice that it will acquire a 20% interest in Rockwood Lithium GmbH, a subsidiary of Albemarle Corp., through the exercise of an option.  

The move will give the Chinese lithium supplier an indirect interest in Germany-based Rockwood, which is currently...

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