A Chilean court has rejected a request from China’s Tianqi Lithium to pause a planned partnership between state-run Codelco and lithium miner SQM as the court analyzes arguments against the deal, according to a court document dated Thursday.
Tianqi, which owns about a fifth of SQM, is challenging the financial regulator’s decision to allow the joint venture to move forward without a vote by shareholders, and last week asked an appeals court to suspend the regulator’s resolution while analyzing the matter. SQM and Tianqi declined to comment.
The Australian Council of Superannuation Investors wants to clarify what directors knew about the company's investment in property that was part-owned by Chris Ellison.
The meeting has been pushed to February to allow time for the Australian government to review a potential breach by a shareholder of foreign acquisition laws.
Critical minerals are central to BC’s economic vision, with demand for lithium expected to grow sixfold by 2030 and copper demand projected to double by 2050.
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