Chilean court suspends sale to Tianqi of stake in lithium miner SQM
The Constitutional Court said it would hear arguments in the case on Oct. 22.
The Constitutional Court said it would hear arguments in the case on Oct. 22.
The company's IPO of 20 million shares was priced at $17 per share on Wednesday, below its target range of $18 to $20 per share. The IPO raised $340 million.
The Irish town of Carlow is an unlikely staging post in the super-charged rise of a key player in China’s push to dominate the global electric-vehicle revolution.
Chile expects lithium to soon become its second largest mining asset, just behind copper. It's currently the country's fourth biggest export.
Shares of Albemarle Corp fell more than 2 percent on Monday.
Albemarle requested an increase of 258,446 metric tons of Metallic Lithium Equivalent but the government says the information provided was not sufficient to justify the increase.
Bolivia will choose a new junior partner to help industrialize its lithium deposits from among seven companies that submitted proposals.
The country's antitrust court has approved a deal between the competition regulator and Tianqi, allowing the Chinese miner to buy a nearly one-quarter stake in lithium producer SQM .
The weak pricing comes at a time when an oversupply of lithium has pushed down prices even as demand for the metal is expected to increase.
The contract requires Albemarle to offer as much as 25 percent of its annual production capacity at a discounted rate to companies within Chile.