Chengdu-based Tianqi reported a net loss of 53.9 million yuan ($7.62 million) for July-September 2019, versus net profit of 379.7 million yuan a year earlier.
New report shows private funds raising money for investment in metals and mining came up empty in Q3 and so far this year commitments total a paltry $100m.
The subsidiary of Russia’s state nuclear company Rosatom may buy up to a 51% interest in Atacama lithium project, located in an area that hosts more than 15% of the world’s known reserves of the battery metal.