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Tuesday, April 9, 2024

China does not want Chile to block $5bn SQM lithium deal

 

A little-known Chilean company that until recently churned out mostly crop nutrients may hold a key to the future of electric-vehicle production. And a Chinese mining company is standing ready, poised to grab a big piece of it, reported the Financial Times. The Chinese government has criticised a move by regulators in Chile to try to block the sale of a $5bn stake in the country’s largest lithium producer to a Chinese company, saying it could harm bilateral relations.

https://www.pymnts.com/cpi-posts/global-china-does-not-want-chile-to-block-5bn-sqm-lithium-deal/

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