Tianqi Lithium Corp. Sociedad Quimica, or SQM, said it raised concerns over Nutrien's sale of its shares to Chilean regulators citing issues with the buyer. Fertiliser giant Nutrien has accused Chinese lithium miner SQM of objecting to the sale of Nutrien 's stake in SQM to SQM 's Tianqi Lithium because Tianqi is a Chilean company. SQM only recently raised concerns over the sale of the shares, saying it was, "in a situation where it will have to receive a direct competitor as a shareholder, which although it is not illegal, presents risks and challenges to free competition. " The SQM share sale is part of a divestment process required by regulators following Nutrien 's creation through the 2018 merger of Potash Corp and Potash Corp .
Fertiliser giant Nutrien has accused Chinese lithium miner SQM of objecting to the sale of Nutrien 's stake in SQM to SQM 's Tianqi Lithium because Tianqi is a Chilean company. SQM only recently raised concerns over the sale of the shares, saying it was, "in a situation where it will have to receive a direct competitor as a shareholder, which although it is not illegal, presents risks and challenges to free competition." The SQM share sale is part of a divestment process required by regulators following Nutrien 's creation through the 2018 merger of Potash Corp and Potash Corp .