Caixin
Company Index
Tianqi Lithium
Tianqi Lithium
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
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
Chifeng Jilong Gold Mining to invest $1.46 million for exploration in Slovakia; aluminum prices reach 15-year high; China-Africa sea-rail service starts
Sep.17 2021 03:21 AM
company-info
China’s national carbon market to start trading Friday; Henan bans thermal coal sales outside the province; former Hunan nuclear official comes under investigation
Jul.16 2021 07:48 AM
company-info
Coal-rich Shanxi province to expand government coal reserves; provinces move to curb steel production; Tianqi Lithium unit gets $1.395 billion from Australia’s IGO
Jul.7 2021 07:40 AM
company-info
Ganfeng Lithium raises $631 million in Hong Kong; Syngenta moves toward a STAR Market share sale; world’s first 1 million kilowatt hydro generator goes into operation
Jun.23 2021 06:20 AM
company-info
Bourse questioned whether its leading shareholder’s recent stock trades could harm retail investors’ interests
Jan.18 2021 20:19 PM
company-info
Struggling miner’s shares jump, as investors see owner having ‘skin in the game’
Dec.23 2020 14:12 PM
company-info
Tentative agreement leaves uncertainty over cash-strapped miner’s outlook
Dec.1 2020 13:25 PM
company-info
Creditors brace for possible $1.9 billion default after buying binge
Nov.30 2020 15:24 PM
company-info
Tianqi’s revenue down 27% due to Covid-19 impact on electric vehicle market and dire performance of its Chilean subsidiary
Sep.1 2020 20:42 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
Antitrust regulator gives green light to Tianqi after it agrees to give up voting rights
Sep.11 2018 17:31 PM