China's Tianqi Lithium Corp. has struck a deal to buy a 24% stake in Sociedad Quimica y Minera de Chile (NYSE: SQM), or SQM, for $4.07 billion, the companies involved said on Thursday. Chile's SQM is the world's second-largest producer of lithium, while Tianqi is third or fourth, behind U.S.-based Albemarle and SQM, and either a spot ahead of or behind China's Ganfeng.Demand for lithium has been growing at a rapid clip over the last few years, driven by the increasing popularity of electric vehicles.
Comment on Lithium Stocks News: China's Tianqi Lithium to Buy 24% Stake in SQM
newsfeedback@fool.com (Beth McKenna), The Motley Fool
Mon, 05/21/2018 - 7:21am
Welcome to Wopular
Wopular is an
online newspaper rack,
giving you a summary view of the top headlines from the top news sites.
Senh Duong (Founder)
Wopular,
MWB,
RottenTomatoes
MoviesWithButter : Our Sister Site
- "Expendables 4" Starts Shooting This Fall, Says Randy Couture at the Arnold Sports Festival more
- “Expendables 4” Gets Funding Interest from “Ip Man 3” Financier more
- "Ip Man 3" Distributor Suspected of Box Office Fraud, Parent Company Loses $200M in Market Cap more
- Yen Targets "Ip Man 4" for 2018 Release; Discusses Film with Director, Producer more
- "Ip Man 3" Shatters Expectations with $72M Opening [China Box Office] more