The fate of China's the National Economic Prosecutor's purchase of shares of Chile's SQM lithium mine has been placed in the hands of Tianqi Lithium's (FNE) office. The Chilean agency is to consider a complaint brought before it from the country's development agency Corfo which states that the sale would "gravely distort market competition" giving the combined companies control of 70% of the lithium market. FNE has until August to launch a full investigation, expedite a review, or decline to pursue the case.
The fate of China's Tianqi Lithium's purchase of shares of Chile's SQM lithium mine has been placed in the hands of the National Economic Prosecutor's (FNE) office. The Chilean agency is to consider a complaint brought before it from the country's development agency Corfo which states that the sale would "gravely distort market competition" giving the combined companies control of 70% of the lithium market. FNE has until August to launch a full investigation, expedite a review, or decline to pursue the case.