Tianqi buys 23.77% stake at SQM for $4bln

By Martim Facada
Published: Tuesday, 04 December 2018

Tianqi's acquisition follows a lithium industry strategy of asset diversification into both brine and hard rock operations.

Chinese lithium producer Tianqi Lithium has purchased 23.77% of A shares in Sociedad Quimica y Minera (SQM), which were previously owned by Canada’s Nutrien. 

A total of 62,556,568 A shares in SQM were sold for $4.066 billion at a minimum price of $65 per share, the Chilean...

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