|Bid||33.26 x 0|
|Ask||33.27 x 0|
|Day's Range||33.22 - 34.20|
|52 Week Range||26.75 - 63.23|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||51.00|
China's Tianqi Lithium Corp said on Wednesday it would nominate two Chileans and a U.S. businessman to the board of lithium miner SQM, candidates seen as 'safe choices' for the world's No. 2 lithium producer as it faces booming demand. Tianqi last year paid $4.1 billion for a near-quarter stake in SQM, as Chinese companies scoured the globe for the ultralight battery metal needed to ramp up Chinese production of electric vehicles. Tianqi's U.S. nominee, businessman Robert Zatta, worked as a chief financial officer until 2015 for Rockwood Holdings, a top competitor of SQM in Chile's Salar de Atacama, before it was purchased by the U.S.-based Albemarle, now the world's top lithium producer.
April 12 (Reuters) - Tianqi Lithium Corp: * SAYS ITS UNIT SIGNS AGREEMENT WITH SQM'S BIGGEST SHAREHOLDER PAMPA ON MATTERS RELATED TO CORPORATE GOVERNANCE IN SQM Source text in Chinese: https://bit.ly/2WY3cOC ...
April 11 (Reuters) - Tianqi Lithium Corp: * SAYS IT AIMS TO RAISE UP TO 7.0 BILLION YUAN ($1.04 billion) IN SHARE PLACEMENT TO REPAY LOANS FOR ITS PURCHASE OF 23.77 PERCENT STAKE IN SQM Source text in ...
Chilean lithium miner SQM on Thursday received environmental approval to expand its lithium carbonate production plant, the local environmental regulator told Reuters, marking a milestone as the company seeks to boost output of the coveted ultralight battery metal. The $400 million plant expansion, once complete, would allow the Chinese-backed SQM to eventually produce as much as 180,000 tonnes of lithium carbonate a year from its Atacama salt flat operations in Chile. Water has become a key sticking point for the expansion plans of both SQM and top competitor Albemarle, both of which operate in the Atacama desert, the world's driest.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Tianqi Lithium Corporation and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
* PREVIOUS TRADING SESSION MOVES: * SSEC +1.9 pct, CSI300 +2.0 pct, HSI +1.0 pct * Shanghai- HK daily quota used 4.7 pct * Shenzhen- HK daily quota used +2.0 pct * CNY official close 6.7279 per dollar ...
March 11 (Reuters) - Tianqi Lithium Corp: * SAYS IT PLANS TO INVEST 49.9 MILLION YUAN ($7.42 million) IN XIAMEN TUNGSTEN'S NEW ENERGY MATERIALS UNIT FOR 3 PERCENT STAKE Source text in Chinese: https://tinyurl.com/y2y4rgt2 ...
Feb 27 (Reuters) - Tianqi Lithium Corp: * SAYS PRELIM 2018 NET PROFIT UP 3.0 PERCENT Y/Y AT 2.2 BILLION YUAN ($329.38 million) Source text in Chinese: https://bit.ly/2IE1pvD Further company coverage: ($1 ...
Moody's Investors Service has confirmed 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 ratings outlook is negative. This rating action concludes the ratings review initiated on 18 May 2018.
Futures for Canada's main stock index were higher on Monday, tracking global markets, after the U.S. and Chinese leaders agreed a temporary truce in their trade dispute. U.S. President Donald Trump and ...
Nov 9 (Reuters) - Tianqi Lithium Corp: * SAYS IT GETS SECURITIES REGULATOR APPROVAL TO ISSUE UP TO 328.3 MILLION OFFSHORE SHARES * SAYS IT WILL BE LISTED ON HONG KONG STOCK EXCHANGE AFTER THE ISSUANCE ...
NTR) said today that they are pleased with Chile's Constitutional Court decision to dismiss the Pampa Group's constitutional claim concerning the pending sale of a 24 percent minority stake in SQM to Tianqi. This allows the Tribunal de Defensa de la Libre Competencia ("TDLC") to rule on the reconsideration motions filed by the Pampa Group, SQM and Conadecus against the TDLC's initial decision.
* PREVIOUS TRADING SESSION MOVES: * SSEC -2.3 pct, CSI300 -2.7 pct, HSI -3.1 pct * HK- Shanghai Connect daily quota used 0.6 pct * CNY official close 6.9411 per dollar * FTSE China A50 -3.1 pct, BNY ...
Oct 23 (Reuters) - Tianqi Lithium Corp: * SAYS Q3 NET PROFIT DOWN 36.1 PERCENT Y/Y * SAYS 9-MONTH NET PROFIT UP 11.2 PERCENT Y/Y * SAYS IT SEES 2018 NET PROFIT 2.0-2.25 BILLION YUAN VERSUS 2.15 BILLION ...
The court's president said an "extraordinary session" would decide whether to hear in full a complaint by SQM's majority shareholder that the country's antitrust court failed to follow due process in approving a settlement between Tianqi and Chilean regulators. The agreement cleared the way for the Chinese miner to purchase a 24 percent stake in SQM , the world's No. 2 producer of lithium.
A rebound in mining mergers and acquisitions is set to continue into 2019, led by companies from top metals consumer China, as a dearth of exploration spending leaves the industry in need of fresh investment, delegates told a conference on Thursday. Sector M&A in mining powerhouse Canada had its best quarter in more than seven years in July-September, spurred by Barrick Gold Corp's planned $6.5 billion acquisition of Randgold and Chinese firm Zijin Mining's C$1.86 billion ($1.43 billion) deal to buy Nevsun Resources . "We think that this year and next year will be the years of consolidation," Keith Spence, president of Canada-based Global Mining Capital Corp, told the China Mining conference in Tianjin.
Lithium producer Livent Corp shares fell in their market debut on Thursday, the second poor showing for a lithium IPO in as many days, even as the company's chief executive dismissed oversupply concerns and forecast surging demand for the white metal. Livent, spun off from chemicals producer FMC Corp, enters a lithium market struggling to predict how fast electric vehicles will be adopted. Lithium is use to make electric vehicle batteries.
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.
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 ...
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 .
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 ...