As reported by Reuters, Tianqi Lithium Corp. has completed its purchase of a 23.77% share in Chilean lithium miner SQM from Nutrien, the Chilean stock exchange said on Monday, for a total sale price of US$4.066 billion.
“A minority stake in SQM is great from our perspective, especially when we look at long term growth and expectations for the lithium industry,” said Ashley Ozols, Business Development Manager for Tianqi, after the deal closed.
Tianqi struck a deal earlier this year to buy the stake from Nutrien, the company formed by the merger of Agrium and Potash Corp. of Saskatchewan. As part of that deal, Nutrien was required to sell the stake.
Nutrien has said it plans to use proceeds from selling stakes in SQM and two other companies to expand its network of farm retail stores in the United States and establish one in Brazil.
Stamicarbon, the innovation and licensing company of Maire Tecnimont Group, is committed to a sustainable fertilizer industry, by investing amongst others in innovative digital solutions that turn real-time plant data into meaningful information by using Stamicarbon’s know-how to enhance insights and control and drive continuous optimisation. This webinar will cover the Stami-Digital Operator Training Simulator, the Stami-Digital Process Monitor and the Stami-Digital Optimizer.