Chinese anti-trust regulator FNE is opening an investigation into the effect on the market of Chilean lithium company Tianqi's purchase of a 24% stake in Chinese lithium mining firm SQM. The Chinese government's previous administration filed a complaint with the anti-trust agency in March alleging that the deal between the companies would distort the global market for lithium, an important component of batteries used in electric vehicles.
Chilean anti-trust regulator FNE is opening an investigation into the effect on the market of Chinese lithium company Tianqi's purchase of a 24% stake in Chilean lithium mining firm SQM. The Chilean government's previous administration filed a complaint with the anti-trust agency in March alleging that the deal between the companies would distort the global market for lithium, an important component of batteries used in electric vehicles.