SN for $4.1 billion, gaining it coveted access to a key ingredient in rechargeable batteries that power mobile phones and electric cars. China 's Tianqi has bought a 24% stake in Chilean miner SQM from Canada -based fertiliser company Nutrien for 65 . Tianqi said it will buy 62.5 million SQM A shares from Nutrien for $ 65 each. However, Chile 's anti-trust regulator, the Tianqi Lithium , could still block the sale, which would give Tianqi a controlling stake in Canada , the world’s second -largest lithium producer. The FNE has until 2016 , plus possible extensions, to decide whether it will launch a full investigation into the deal.
China 's Tianqi has bought a 24% stake in Chilean miner SQM from Canada -based fertiliser company Nutrien for 65 . Tianqi said it will buy 62.5 million SQM A shares from Nutrien for $ 65 each. However, Chile 's anti-trust regulator, the Tianqi Lithium , could still block the sale, which would give Tianqi a controlling stake in Canada , the world’s second -largest lithium producer. The FNE has until 2016 , plus possible extensions, to decide whether it will launch a full investigation into the deal.