29 May '18, 8am

#Tianqi Lithium takes $4.07B stake in world’s largest lithium producer #SQM https://t.co/uZZST2gPFn

China-based Tianqi Lithium, a leading global supplier of lithium products, has agreed to purchase 62,556,568 A shares of Sociedad Química y Minera de Chile S.A. (SQM)—the world’s largest lithium producer—held by Nutrien for consideration of $65 per share in cash. The announced transaction represents the entirety of Nutrien’s A shares at a gross valuation of approximately US $4.07 billion. SQM is an integrated producer and distributor of lithium, iodine, specialty plant nutrients, potassium-related fertilizers and industrial chemicals. Its lithium product range includes lithium carbonate, lithium hydroxide, and lithium chloride. Lithium carbonate is used in a variety of applications, including batteries, frits for the ceramic and enamel industries, heat resistant glass (ceramic glass), primary aluminum, air conditioning chemicals, continuous casting powder for steel extrusi...

Full article: http://www.greencarcongress.com/2018/05/20180518-tianqi.html

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