China’s Tianqi Lithium Proposes Deal for Stake in Rival SQM

  • Producer signs non-binding agreement with holding company
  • SQM is No. 2 producer of lithium, used for electric cars

China’s Tianqi Lithium, the country’s largest producer, proposed a deal to purchase a 23 percent stake in Soc. Quimica & Minera de Chile SA, one of its biggest competitors.

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