Tianqi Lithium Pays Off Acquisition Loan After Hong Kong Listing

China’s Tianqi Lithium Corp. (002466.SZ), one of the world’s largest producers of the commodity, said it has used proceeds from its recent Hong Kong public offering to pay off $1.1 billion worth of loans it invested in a Chilean miner.

The loan settlement came as the once debt-ridden lithium producer managed to ease liquidity pressure by taking advantage of soaring prices of the key ingredient of electric-vehicle batteries.