Caixin
Company Index
SQM
SQM
NEWS
company-info
Plunging prices of the metal have turned two of the company’s aggressive overseas investments into major liabilities
Jul.5 2024 19:26 PM
company-info
  • **Government Rejection and Nationalization**: Tianqi Lithium faced a major setback in 2024 as Chile's Financial Market Commission rejected their proposal to hold a special shareholders’ meeting, leading to the failure to stave off the nationalization of Sociedad Química y Minera de Chile (SQM).
  • **Financial Challenges**: Tianqi Lithium's significant investment in SQM could not prevent the company from reporting heavy losses in Q1 2024, transitioning from high profitability in 2023 to losing nearly 4 billion yuan and facing a stock price decline.
  • **Operational Difficulties**: Tianqi's management of overseas assets, especially the Greenbushes and Kwinana projects, is problematic due to structural issues and poor performance, resulting in inventory devaluation and persistent operational losses.
Jun.29 2024 13:22 PM
company-info
The decision is a blow to Tianqi Lithium, the Chinese firm that owns a 22% stake in the Chilean mining company and had requested the vote
Jun.20 2024 15:28 PM
company-info
Chile's new deal with local miner SQM will give it greater control over the country’s largest reserve of the key EV battery material, but will likely dilute shareholder Tianqi Lithium's future profits
Jun.4 2024 20:54 PM
company-info
Chilean government behind deal between SQM and Codelco to increase state control of lithium assets
Jun.4 2024 05:40 AM
company-info
Shenzhen-listed firm reported a net loss of 3.9 billion yuan in the first three months after booking a one-time loss from its stake in miner SQM, which faces possible nationalization
May.3 2024 19:56 PM
company-info
Chinese EV giant will get Chilean lithium at discounted prices while gaining a foothold in a free-trade partner of the U.S.
Apr.21 2023 05:40 AM
company-info
The metal producer, one of the world’s largest, had borrowed heavily to acquire about 23.8% of Chilean lithium giant SQM in 2018
Jul.29 2022 20:53 PM
company-info
As one of the world's top producers of electric vehicle battery component lithium, the company saw revenue jump 25% in the first half
Aug.30 2021 20:00 PM
company-info
Creditors brace for possible $1.9 billion default after buying binge
Nov.30 2020 15:24 PM
company-info
Investment in peer SQM has seen its debt-to-asset ratio spike, but it is banking on long-term demand for electric vehicles
Feb.19 2019 20:33 PM
company-info
After facing regulatory challenges, acquisition of world’s second-biggest producer grows nation’s already sizeable presence in global market
Dec.4 2018 19:34 PM
company-info
SQM says safeguards in deal insufficient, considering options after court ruling
Oct.6 2018 16:13 PM
company-info
Antitrust regulator gives green light to Tianqi after it agrees to give up voting rights
Sep.11 2018 17:31 PM
company-info
Miner Tianqi aims to raise money for its purchase of 24% of Sociedad Quimica y Minera
Aug.22 2018 18:03 PM
company-info
Jiangxi Ganfeng Lithium to pay $85.3 million for interest in Minera Exar, despite recent drop in domestic prices
Aug.15 2018 19:43 PM
company-info
Tianqi Lithium, Weichai Power invest in Chile, U.K. to access raw materials, technology
May.18 2018 17:45 PM