Tianqi Lithium

Tianqi Lithium Corp (previously Sichuan Tianqi Lithium Industries, Inc.) is a Chinese manufacturing company based in Sichuan.[1]

Tianqi Lithium logo.

As of 2018, the company controls more 46% of the global production of lithium.[2]

Acquisitions

Tianqi acquired a 24% stake in the Chilean mining company Sociedad Química y Minera (SQM) in 2018 for approximately $4.1 billion.[2][3]

Tianqi has a 51% ownership stake in Talison Lithium which operates the Greenbushes mine in Australia.[2] Tianqi announced it would invest US$600 million to construct a lithium processing plant in Kwinana, Western Australia.[4]

References[5]
  1. Ng, Eric (June 4, 2018). "China goes all out to secure lithium, cobalt supplies – key to dominating the world electric car market". South China Morning Post.
  2. Rashi, Akshat (May 30, 2018). "One Chinese company now controls most of the metal needed to make the world's advanced batteries". Quarts.
  3. Swamynathan, Yashaswini; Nicholson, Marcy (May 17, 2018). "China's Tianqi Lithium to buy a quarter of Chile's SQM for $4.1 billion". Reuters. China’s Tianqi Lithium Corp (002466.SZ) said on Thursday it will buy nearly a quarter of Chilean lithium producer SQM SQMa.SN for $4.1 billion, gaining it coveted access to a key ingredient in rechargeable batteries that power mobile phones and electric cars.
  4. Colquhoun, Lachlan (January 23, 2018). "China charges Australia's lithium boom". Asia Times Online. Chinese company Tianqi Lithium has announced an investment of around US$600 million to construct a lithium processing plant in Kwinana, Western Australia.
  5. "Sichuan firm poised to control lion's share of the world's battery metal". South China Morning Post. 2018-05-23. Retrieved 2019-03-24.


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