002466.SZ - Tianqi Lithium Corporation

Shenzhen - Shenzhen Delayed Price. Currency in CNY
39.27
+2.84 (+7.80%)
At close: 4:29PM CST
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Previous Close36.43
Open36.40
Bid39.27 x 0
Ask39.28 x 0
Day's Range35.91 - 39.90
52 Week Range33.15 - 71.22
Volume35,070,179
Avg. Volume15,828,288
Market Cap44.848B
BetaN/A
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est61.80
  • Reuters11 days ago

    Chile's lithium miner SQM asks court to reject Tianqi agreement

    Chilean lithium miner SQM objected to the terms of a deal drawn up between the country's anti-trust regulator and the Chinese miner Tianqi which hopes to buy almost a quarter of SQM, its lawyers told the country's anti-trust court on Thursday. An attorney representing SQM told Chile’s anti-trust court, which must approve the settlement between the regulator and Tianqi, that the measures agreed upon were not sufficient to limit the Chinese miners access to SQM's commercially-sensitive information. "There is not much hope that these efforts to mitigate the effects of the deal will achieve the desired result," said Maria Isabel Diaz Velasco, a lawyer for SQM.

  • Reuters17 days ago

    BRIEF-Tianqi Lithium Plans Lithium Carbonate Project With Total Investment At 1.4 Bln Yuan

    Sept 7 (Reuters) - Tianqi Lithium Corp: * SAYS IT PLANS LITHIUM CARBONATE PROJECT WITH TOTAL INVESTMENT AT 1.4 BILLION YUAN ($204.67 million) Source text in Chinese: https://bit.ly/2NVe6QZ Further company ...

  • Inside Albemarle's quest to reinvent the lithium market
    Reuters25 days ago

    Inside Albemarle's quest to reinvent the lithium market

    The pivot comes as battery makers such as Panasonic Corp , the sole battery supplier to Tesla Inc (TSLA.O), increasingly demand more purified versions of lithium that can help boost electricity storage and increase a battery's charge, shaping Albemarle's strategy, according to sources and documents reviewed by Reuters and confirmed by the company. Once used primarily as a pharmacological treatment for bipolar disorder, lithium has become one of the world's most in-demand commodities thanks to the rising popularity of electric vehicles powered by lithium-ion batteries. Albemarle's strategy, which includes developing a battery research center near its North Carolina headquarters, is aimed at setting it apart from its major competitors, including Chile's SQM (SQMa.SN) and China's Tianqi Lithium Corp .

  • Reuterslast month

    BRIEF-China's Tianqi Lithium Corp Files IPO Prospectus In Hong Kong

    Aug 20 (Reuters) - Tianqi Lithium Corp: * CHINA'S TIANQI LITHIUM CORP FILES IPO PROSPECTUS IN HONG KONG * NAMES MORGAN STANLEY & CLSA AS JOINT SPONSORS TO IPO Source text :( https://bit.ly/2MEr6wT ) Further ...

  • Moody'slast month

    Tianqi Lithium Corporation -- Moody's continues to review Tianqi Lithium's Baa3 ratings for downgrade

    Moody's Investors Service continues to review for downgrade Tianqi Lithium Corporation's Baa3 issuer rating and the Baa3 senior unsecured rating on the bonds issued by Tianqi Finco Co., Ltd and guaranteed by Tianqi Lithium. The rating review was initiated on 18 May 2018, after Tianqi Lithium announced on 17 May 2018 that it had signed an agreement with Nutrien Ltd. (Baa2 stable) to buy a 23.8% stake in Sociedad Quimica y Minera de Chile S.A. (SQM, Baa1 stable) for a consideration of USD4.1 billion.

  • Reuterslast month

    Peru president expects lithium, uranium mining laws passed in 6 months

    Peruvian President Martin Vizcarra told Reuters his government will likely pass laws within six months needed to tap a new lithium and uranium deposit, removing a major hurdle for Canadian miner Plateau Energy Metals' proposed $800 million mine. Plateau said last month it had found 2.5 million tonnes of high-grade lithium resources and 124 million pounds of uranium resources at its Falchani deposit in southern Peru, and was looking for a partner in what it said could become the world's biggest lithium mine.

  • Moody's2 months ago

    Tianqi Lithium Corporation -- Moody's continues to review Tianqi Lithium's Baa3 ratings for downgrade

    Moody's Investors Service continues to review for downgrade Tianqi Lithium Corporation's Baa3 issuer rating and the Baa3 senior unsecured rating on the bonds issued by Tianqi Finco Co., Ltd and guaranteed by Tianqi Lithium. The rating review was initiated on 18 May 2018, after Tianqi Lithium announced on 17 May 2018 that it had signed an agreement with Nutrien Ltd. (Baa2 stable) to buy a 23.8% stake in Sociedad Quimica y Minera de Chile S.A. (SQM, Baa1 stable) for a consideration of USD4.1 billion.

  • Reuters2 months ago

    Tianqi board backs major expansion at Australian lithium mine

    Tianqi Lithium Corp said its board has approved the planned expansion of lithium production at the Greenbushes mine in Western Australia, the world's largest hard rock lithium mine, amid hot demand for electric vehicle batteries. Tianqi said the A$516 million ($382 million) expansion would boost production capacity at the operation to 1.8 million tonnes of chemical grade lithium concentrate by 2021, in a filing to the Hong Kong Stock Exchange late on Tuesday. Project operator Talison Lithium, a joint venture between Tianqi and U.S.-based Albemarle Corp, said on Wednesday that work on the expansion is expected to begin in the first quarter next year.

  • Reuters2 months ago

    China Stocks-Factors to watch on Wednesday

    * PREVIOUS TRADING SESSION MOVES: * SSEC +1.6 pct, CSI300 +1.6 pct, HSI +1.4 pct * HK- Shanghai Connect daily quota used 3.4 pct, Shanghai- HK daily quota used 2.2 pct * HK- Shenzhen Connect daily ...

  • Reuters2 months ago

    BRIEF-Tianqi Lithium Approves Unit Talison Lithium's Output Expansion With Total Investment At A$516 Million

    July 24 (Reuters) - Tianqi Lithium Corp: * SAYS BOARD APPROVES UNIT TALISON LITHIUM PTY LTD'S OUTPUT EXPANSION PLAN WITH TOTAL INVESTMENT AT ABOUT A$516 MILLION ($381.84 million) Source text in Chinese: ...

  • Reuters3 months ago

    China Stocks-Factors to watch on Wednesday

    * PREVIOUS TRADING SESSION MOVES: * SSEC -3.8 pct, CSI300 -3.6 pct, HSI -2.8 pct * CNY official close 6.483 per dollar * FTSE China A50 -2.6 pct, BNY Mellon ADR China Select Index -1.8 pct SHANGHAI, June ...

  • Reuters3 months ago

    BRIEF-Tianqi Lithium Says Trading In Shares To Resume On June 20

    June 19 (Reuters) - Tianqi Lithium Corp: * SAYS TRADING IN SHARES TO RESUME ON JUNE 20 Source text in Chinese: https://bit.ly/2t4EIqr Further company coverage: (Reporting by Hong Kong newsroom)

  • Reuters3 months ago

    Chile antitrust regulator to probe Tianqi purchase of SQM stake

    Chile's antitrust regulator FNE said on Friday it would open an investigation into the effects on the market of Chinese miner Tianqi Lithium Corp's purchase last month of a 24 percent stake in SQM (SQMa.SN) (SQM.N), one of the world's top lithium producers. The FNE's decision comes three months after Chile´s government under former President Michelle Bachelet requested regulators investigate a potential fusion between the two lithium miners, alleging it would distort the global market for the key ingredient in the batteries that power electric vehicles.

  • Reuters3 months ago

    Chile anti-trust regulator to probe Tianqi purchase of SQM stake

    Chile's anti-trust regulator FNE said on Friday it would open an investigation into the effects on the market of China's Tianqi purchase last month of a 24 percent stake in SQM , one of the world's top ...

  • Reuters3 months ago

    BRIEF-Tianqi Lithium Postpones Until June 19 To Reply Exchange Inquiries Over Proposal To Buy Chile's SQM

    June 13 (Reuters) - Tianqi Lithium Corp: * SAYS IT WILL POSTPONE UNTIL JUNE 19 TO REPLY INQUIRIES FROM SHENZHEN EXCHANGE OVER ITS PROPOSAL TO BUY CHILE'S SQM FOR $4.1 BILLION Source text in Chinese: https://bit.ly/2JH9jAx ...

  • Reuters4 months ago

    BRIEF-Tianqi Lithium Says Shenzhen Exchange Is Reviewing its Asset Acquisition

    June 7 (Reuters) - Tianqi Lithium Corp: * SAYS SHENZHEN STOCK EXCHANGE IS REVIEWING RELATED DOCUMENTS OF CO'S ASSET ACQUISITION PLAN, SHARE TRADE REMAINS SUSPENDED Source text in Chinese: https://bit.ly/2sMJU0Z ...

  • Reuters4 months ago

    Chile's SQM hires ex-chairman Ponce as adviser, government says

    Chilean lithium miner SQM has retained former chairman Julio Ponce as an adviser, according to Chilean state development agency Corfo, despite an agreement to distance himself from the firm to end a long-running royalties dispute. Ponce and his brother Eugenio, a former president of the world's biggest exporter of lithium carbonate, were employed as strategic advisers in a unanimous vote by the board and will have offices on the same floor as the firm's top management, local daily La Tercera reported. Corfo, which oversees Chile's lithium leases, earlier this year inked a deal with SQM that increased the miner's quota of lithium in the Salar de Atacama but stipulated that Ponce, long a divisive and controversial figure in Chile, remove himself and his family from decision-making at the firm.

  • Reuters4 months ago

    China Stocks-Factors to watch on Thursday

    * PREVIOUS TRADING SESSION MOVES: * SSEC -2.5 pct, CSI300 -2.1 pct, HSI -1.4 pct * HK- Shenzhen Connect daily quota used 3.3 pct, Shenzhen- HK daily quota used 1.0 pct * CNY official close 6.4218 ...

  • Reuters4 months ago

    BRIEF-Tianqi Lithium To Buy 62.56 Million Shares In Chile's SQM, Share Trade To Halt

    May 30 (Reuters) - Tianqi Lithium Corp: * SAYS IT PLANS TO BUY 62.56 MILLION SHARES, OR ABOUT 23.77 PERCENT STAKE IN CHILE'S SQM FOR $4.07 BILLION * SAYS IT WILL HOLD 25.86 PERCENT STAKE IN SQM AFTER THE ...

  • Moody's4 months ago

    Tianqi Lithium Corporation -- Moody's reviews Tianqi Lithium's Baa3 ratings for downgrade

    Moody's Investors Service has placed on review for downgrade the Baa3 issuer rating of Tianqi Lithium Corporation (Tianqi Lithium), and the Baa3 senior unsecured rating on the bonds issued by Tianqi Finco Co., Ltd and guaranteed by Tianqi Lithium. "The review for downgrade reflects Tianqi Lithium's potential rise in leverage after its completion of its proposed acquisition of a 23.8% stake in Sociedad Quimica y Minera de Chile S.A. (SQM, Baa1 stable)," says Gerwin Ho, a Moody's Vice President and Senior Credit Officer.

  • Reuters4 months ago

    China's Tianqi Lithium to buy a quarter of Chile's SQM for $4.1 bln

    China's Tianqi Lithium Corp said on Thursday it will buy nearly a quarter of Chilean lithium producer SQM for $4.1 billion, gaining it coveted access to a key ingredient in rechargeable batteries that power mobile phones and electric cars. The sale, however, still faces scrutiny by an anti-trust regulator in Chile as it would leave Tianqi just shy of a controlling stake in SQM, the world's second-largest lithium producer, and likely entitle the company to appoint three seats on its board.

  • China Tightens Grip on Global Battery Metals With Chile Deal
    Bloomberg4 months ago

    China Tightens Grip on Global Battery Metals With Chile Deal

    China tightened its grip on the global supply chain for battery raw materials as Tianqi Lithium Corp. struck a deal to take a $4.1 billion stake in Chilean rival SQM, the second-largest lithium producer. Chengdu-based Tianqi is seeking to almost triple production capacity through 2020, part of an aggressive expansion by Chinese companies to tie up sources of the metals and chemicals that are key to meet rising demand for rechargeable batteries and electric vehicles. Tianqi will buy all of Nutrien Ltd.’s voting shares in SQM, giving it a 24 percent stake in the Santiago-based company.

  • Reuters4 months ago

    Deals of the day-Mergers and acquisitions

    ** Buyout fund CVC Capital Partners held talks with Italian drugmaker Recordati over a possible 8 billion euro ($9.4 billion) takeover, but has put the deal on hold due to concerns about the hefty price tag and political uncertainty, three sources familiar with the matter said. ** Kuwait's Noor Financial Investment said on Wednesday a foreign financial firm has shown interest in buying part of its stake in Pakistan's leading Islamic lender Meezan Bank. ** Saudi British Bank (SABB) and Alawwal Bank have agreed a merger to create Saudi Arabia's third-biggest lender, in a $5 billion deal that marks the first major banking tie-up in the kingdom in two decades.

  • Exclusive: China's Tianqi nears $4.3 billion deal to buy stake in Chile's SQM - sources
    Reuters4 months ago

    Exclusive: China's Tianqi nears $4.3 billion deal to buy stake in Chile's SQM - sources

    HONG KONG/TORONTO (Reuters) - China's Tianqi Lithium is nearing a deal to buy a 24 percent stake in Chile's Sociedad Quimica Y Minera (SQM) (SQMa.SN), one of the world's biggest lithium producers, for about $4.3 billion (3.2 billion pounds), two people close to the transaction said. Chengdu-based Tianqi, which is building the world's biggest lithium processor in Western Australia, is looking to sign a deal to acquire the stake in SQM from Canadian fertilizer company Nutrien Ltd (NTR.TO), the people said. Based on SQM's market value of $14.8 billion at Monday's close, Tianqi would pay a roughly 22 percent premium for the shares in the world's lowest-cost producer of lithium.