Previous Close | 33.41 |
Open | 35.25 |
Bid | 33.88 x N/A |
Ask | 33.89 x N/A |
Day's Range | 32.58 - 33.94 |
52 Week Range | 24.44 - 60.98 |
Volume | |
Avg. Volume | 36,190,200 |
Market Cap | 51.012B |
Beta (5Y Monthly) | 1.00 |
PE Ratio (TTM) | N/A |
EPS (TTM) | -2.66 |
Earnings Date | Oct 24, 2024 - Oct 28, 2024 |
Forward Dividend & Yield | 1.35 (4.04%) |
Ex-Dividend Date | Jun 07, 2024 |
1y Target Est | 46.35 |
(Bloomberg) -- Tianqi Lithium Corp., a key shareholder in Chilean miner SQM, will continue its battle for a say in a deal that would determine ownership of one of the world’s biggest lithium operations, the Chinese producer’s chief executive said.Most Read from BloombergEric Adams' Vanishing Promise to Fix NYC's 'Unfair' Property TaxesUnlocking the Hidden Power of Zoning, for Good or BadWaiting for the Miracle of Church-to-Housing DevelopmentNY’s MTA Warns Against Borrowing More Than $13 Billion
Tianqi, a global lithium rival that holds about 20% of SQM shares, last week raised concerns over transparency in the talks with Codelco, which is slated to take a 50% plus one share stake in the new joint venture beginning in 2025 under a government policy aimed at boosting state control in Chile's lithium industry. SQM, the world's No. 2 lithium producer, and Codelco reached an initial agreement in December and aim to finalize details by May 31. Tianqi Chief Executive Frank Ha emphasized the company's worries over the Codelco deal in comments to Chilean newspaper La Tercera published Saturday.
Chilean miner SQM's board chairman challenged what he called the questionable motives of a major shareholder, China's Tianqi Lithium Corp, the latest jab in an increasingly public spat over SQM's planned partnership with state copper producer Codelco. Tianqi, a global lithium rival that holds about 20% of SQM shares, last week raised concerns over transparency in the talks with Codelco, which is slated to take a 50% plus one share stake in the new joint venture beginning in 2025 under a government policy aimed at boosting state control in Chile's lithium industry. SQM, the world's No. 2 lithium producer, and Codelco reached an initial agreement in December and aim to finalize details by May 31.