Reported 8 months ago
Tianqi Lithium Corp. is considering legal action against Chile's securities regulator after being denied permission to seek shareholder approval for a deal involving a state-owned company taking over a lithium operation. The Chinese firm criticized the regulator's decision, stating that it weakens investor confidence in Chile's regulatory framework. The dispute highlights tensions between Tianqi and SQM, impacting Chilean President Gabriel Boric's lithium industry public-private model, with the deal potentially affecting SQM's lithium production for electric-vehicle batteries.
Source: YAHOO