Lithium producer Tianqi in talks with banks to ease debt terms

By Carrie Shi, Dalila Ouerghi
Published: Monday, 18 May 2020

Chinese lithium producer Tianqi is in negotiation with banks to adjust the terms of its debt as the date on a key loan repayment nears, the company said on May 15 when answering investors' questions on an interactive platform.

The company is due to pay around $1.9 million in November 2020 after securing a loan in 2018 for the acquisition of a 23.8% stake in Chilean lithium miner SQM.

During a session where the company was answering questions from investors, Tianqi...

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