Tianqi Lithium
Tianqi Lithium Corp (previously Sichuan Tianqi Lithium Industries, Inc.) is a Chinese manufacturing company based in Sichuan.[1]
As of 2018, the company controls more 46% of the global production of lithium.[2]
Acquisitions
Tianqi acquired a 24% stake in the Chilean mining company Sociedad Química y Minera (SQM) in 2018 for approximately $4.1 billion.[2][3]
Tianqi has a 51% ownership stake in Talison Lithium which operates the Greenbushes mine in Australia.[2] Tianqi announced it would invest US$600 million to construct a lithium processing plant in Kwinana, Western Australia.[4]
References[5]
- ^ Ng, Eric (June 4, 2018). "China goes all out to secure lithium, cobalt supplies – key to dominating the world electric car market". South China Morning Post.
- ^ a b c Rashi, Akshat (May 30, 2018). "One Chinese company now controls most of the metal needed to make the world's advanced batteries". Quarts.
- ^ Swamynathan, Yashaswini; Nicholson, Marcy (May 17, 2018). "China's Tianqi Lithium to buy a quarter of Chile's SQM for $4.1 billion". Reuters.
China's Tianqi Lithium Corp (002466.SZ) said on Thursday it will buy nearly a quarter of Chilean lithium producer SQM SQMa.SN for $4.1 billion, gaining it coveted access to a key ingredient in rechargeable batteries that power mobile phones and electric cars.
- ^ Colquhoun, Lachlan (January 23, 2018). "China charges Australia's lithium boom". Asia Times Online.
Chinese company Tianqi Lithium has announced an investment of around US$600 million to construct a lithium processing plant in Kwinana, Western Australia.
- ^ "Sichuan firm poised to control lion's share of the world's battery metal". South China Morning Post. 2018-05-23. Retrieved 2019-03-24.
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