An aerial view of the processing plant for the lithium mine of SQM (Chemical and Mining Society of Chile) at the Del Carmen salt flat, located in the Atacama Desert of northern Chile. China's Tianqi Lithium has agreed to acquire a 24 per cent stake in Chile's SQM, one of the world's largest lithium producers, in a deal worth US$4.1 billion. Photo: Agence France-Presse

China tightens grip on global battery metals with Chile deal

Tianqi Lithium Corp strikes US$4.1 billion deal for a stake in Chilean rival SQM, which gives the Chinese company an opportunity to shape the direction of the lithium industry amid the global growth of electric vehicles

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An aerial view of the processing plant for the lithium mine of SQM (Chemical and Mining Society of Chile) at the Del Carmen salt flat, located in the Atacama Desert of northern Chile. China's Tianqi Lithium has agreed to acquire a 24 per cent stake in Chile's SQM, one of the world's largest lithium producers, in a deal worth US$4.1 billion. Photo: Agence France-Presse
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