China’s Tianqi Lithium Invests $4.3B In Chile’s Lithium Producer SQM

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China’s Tianqi Lithium Corporation has purchased a 24% stake in Chile’s Sociedad Quimica Y Minera (SQM) at US$4.3 billion, one of the world’s largest lithium producers. Lithium is a critical element in the production of rechargeable batteries, including for cars.

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