Tianqi Lithium Co., Ltd (002466.SZ), a leading global supplier of lithium products, is expected to close the deal of buying stakes held by Nutrien Ltd in Sociedad Quimica y Minera S.A. (SQM), the largest producer of lithium in Chile, by the end of the year.
Tianqi Lithium and Nutrien Ltd said that they are pleased with Chile's Constitutional Court decision to dismiss the Pampa Group's constitutional claim concerning the pending sale of a 24-percent minority stake in SQM to Tianqi Lithium.
This allows the Tribunal de Defensa de la Libre Competencia ("TDLC"), Chile's antitrust court, to rule on the reconsideration motions filed by the Pampa Group. That unanimous (5:0) decision upheld Tianqi Lithium's agreement with Chile's antitrust enforcement authority on Tianqi Lithium's purchase of Nutrien's minority stake in SQM.
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