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China's Tianqi raises profile as a top lithium supplier with stake in Chile's SQM

Santiago (AFP) May 17, 2018
China's Tianqi boosted its position as one of the world's largest suppliers of lithium, a key component in batteries for the booming electric car industry, after it agreed to acquire a stake in Chile's SQM. Tianqi Lithium will take a 24-percent stake in SQM in a deal worth $4.07 billion by buying up the shares owned by Canada's Nutrien, the companies announced Thursday. SQM exploits what

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