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Inorganic Chemicals

China’s Tianqi to get stake in Chilean lithium maker SQM

by Michael McCoy
May 20, 2018 | APPEARED IN VOLUME 96, ISSUE 21

 

Nutrien, the fertilizer company formed through the merger of Agrium and PotashCorp, has agreed to sell a 24% stake in the Chilean chemical maker SQM to China’s Tianqi Lithium for $4.1 billion. Antitrust regulators in India and China required such a sale before they would clear the Nutrien deal. However, Chilean minerals development officials are said to oppose the sale to Tianqi. Like Tianqi, SQM is a major producer of lithium chemicals.

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