Reported over 1 year ago
Amid the scarcity of lithium reserves in the mainland, several lithium companies are expanding overseas, investing in lithium mining projects or acquiring stakes in related mining companies. However, the Chinese lithium giant Tianqi Lithium Industry faced setbacks as it invested in the world's second-largest lithium extraction company, SQM, in Chile, which is now being nationalized by the Chilean government. Tianqi's influence on the joint venture company will significantly decrease, with its board seats reduced from 3 to 1. Despite a lack of information, Tianqi is seemingly in a passive state regarding this transaction, leading to uncertainties in its financial outcomes from the deal.
Source: YAHOO