<article><p>China&#8217;s Tianqi Lithium Corp is looking to raise up to $1 billion in its Hong Kong stock market flotation, despite this year&#8217;s fall in lithium prices, two people close to the deal told Reuters.</p></article>

<p>China&#8217;s Tianqi Lithium Corp is looking to raise up to $1 billion in its Hong Kong stock market flotation, despite this year&#8217;s fall in lithium prices, two people close to the deal told Reuters.</p>
<p>The company, the world&#8217;s second largest lithium producer by sales, on Friday filed plans for Hong Kong&#8217;s second lithium listing this year. The draft prospectus was put on the Hong Kong exchange website late on Monday.</p>
<p>Its domestic counterpart &#8211; Ganfeng Lithium &#8211; also plans a float of up to $1 billion in Hong Kong after the summer, according to Thomson Reuters publication IFR.</p>
<p>Tianqi, which is based in China&#8217;s southwestern province of Sichuan and is building the world&#8217;s biggest lithium processor in Western Australia, will list on the stock market later this year, the sources told Reuters.</p>
<p>But they added that the final deal size could be smaller than $1 billion due to a steep drop in lithium carbonate prices.</p>
<p>The sources declined to be named as they were not allowed to discuss the deal details. An external communications representative for Tianqi did not immediately respond to requests for comment.</p>
<h4>Reuters</h4>


China’s Tianqi Lithium Corp is looking to raise up to $1 billion in its Hong Kong stock market flotation, despite this year’s fall in lithium prices.

China's Tianqi Lithium seeks up to $1b in Hong Kong listing

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China's Tianqi Lithium seeks up to $1b in Hong Kong listing

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