Chinese mining giant Tianqi Lithium will receive a sorely needed cash boost after agreeing the sale of 49% of its Australian unit to nickel-gold firm IGO Ltd, for a sum of US$1.4 billion. Through the deal, IGO – Australia largest independent nickel producer – will assume...
Chile Constitutional Court has rejected a lawsuit to block Chinese miner Tianqi Lithium’s acquisition of a US$4.1 billion stake in SQM, after the two global lithium heavyweights clashed over the deal. A suspension of the sale was lifted after a majority ruling found that the lawsuit...
Tesla has entered a three-year lithium supply deal with Australian miner Kidman Resources, who will provide refined lithium hydroxide to the electric vehicle manufacturer under the agreement. In a statement, Kidman said that the deal is structured on a fixed-price take-or-pay basis, meaning that Tesla will...
The government of Chile has appealed to antitrust regulators regarding an attempt by a Chinese firm to purchase a US$4 billion equity stake in the major Chilean lithium producer SQM. Chile development agency Corfo, which manages SQM’s lithium leases in the Salar de Atacama, filed a...