China’s Tianqi Lithium said to near $4.3b deal to buy stake in Chile’s SQM

SQM
FILE PHOTO: An aerial view of the brine pools and processing plant of the SQM lithium mine on the Atacama salt flat, in the Atacama Desert of northern Chile, January 10, 2013. REUTERS/Ivan Alvarado/File Photo

China’s Tianqi Lithium is nearing a deal to buy a 24 percent stake in Chile’s Sociedad Quimica Y Minera (SQM), one of the world’s biggest lithium producers, for about $4.3 billion, two people close to the transaction said.

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