Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Chile's mining minister urges SQM, Tianqi to resolve spat

Published 03/27/2024, 09:08 AM
Updated 03/27/2024, 09:11 AM
© Reuters. FILE PHOTO: An aerial view shows the brine pools of SQM lithium mine on the Atacama salt flat in the Atacama desert of northern Chile, January 10, 2013. REUTERS/Ivan Alvarado//File Photo

SANTIAGO (Reuters) - Chile's mining minister on Wednesday urged Chilean miner SQM and China's Tianqi Lithium Corp, a major shareholder in the company, to resolve their ongoing spat, but refrained from weighing into their private matter.

   Tianqi, which holds about 20% of SQM shares, last week raised concerns over transparency in the firm's talks on a partnership with state copper producer Codelco. The Chinese company's view was later challenged by SQM's board chairman.

   "We naturally urge the internal differences that SQM may have with its partners to be resolved," Mining Minister Aurora Williams told reporters, adding however that she had "no opinion" on how the firm deals with its board and shareholders.

"It is not our place to give an opinion on that."

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.