Tianqi Lithium

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Tianqi Lithium logo.

Tianqi Lithium Corp (previously Sichuan Tianqi Lithium Industries, Inc.) is a Chinese mining and manufacturing company based in Sichuan.[1]

As of 2018, the company controls more 46% of the global production of lithium.[2][3]

Acquisitions[]

Tianqi has owned since 2009 a 51% ownership stake in Talison Lithium which operates the Greenbushes mine in Australia.[2] Tianqi announced in 2018 that it would invest US$600 million to construct a lithium processing plant in Kwinana, Western Australia.[4]

In 2018, Tianqi acquired a 24% stake in the Chilean mining company Sociedad Química y Minera (SQM) for approximately $4.1 billion.[2][5] Tianqi was to purchase 62.5 million SQM A shares for $65 each from Canadian fertilizer company Nutrien.[5]

Tianqi is currently in a legal dispute with MSP Engineering over the payment for building the lithium hydroxide plant in Kwinana Western Australia. MSP claim that Tianqi have failed to meet to meet scheduled payments totalling over $39 million. A WA Supreme Court order handed down an order giving Tianqi seven days to pay MSP almost $39 million, something that Tianqi has refused to do, seeking a stay on the judgement. The matter is still before the courts. [6]

Carbon footprint[]

Tianqi Lithium Corp reported Total CO2e emissions (Direct + Indirect) for 31 December 2020 at 259 Kt.[7]

References[]

  1. ^ Ng, Eric (June 4, 2018). "China goes all out to secure lithium, cobalt supplies – key to dominating the world electric car market". South China Morning Post.
  2. ^ a b c Rashi, Akshat (May 30, 2018). "One Chinese company now controls most of the metal needed to make the world's advanced batteries". Quarts.
  3. ^ "Sichuan firm poised to control lion's share of the world's battery metal". South China Morning Post. 2018-05-23. Retrieved 2019-03-24.
  4. ^ Colquhoun, Lachlan (January 23, 2018). "China charges Australia's lithium boom". Asia Times Online. Chinese company Tianqi Lithium has announced an investment of around US$600 million to construct a lithium processing plant in Kwinana, Western Australia.
  5. ^ a b Swamynathan, Yashaswini; Nicholson, Marcy (May 17, 2018). "China's Tianqi Lithium to buy a quarter of Chile's SQM for $4.1 billion". Reuters. China’s Tianqi Lithium Corp (002466.SZ) said on Thursday it will buy nearly a quarter of Chilean lithium producer SQM SQMa.SN for $4.1 billion, gaining it coveted access to a key ingredient in rechargeable batteries that power mobile phones and electric cars.
  6. ^ "Lithium plant builder sheds 400 as China's Tianqi refuses to pay". Australian Financial Review. 2021-03-10. Retrieved 2021-10-02.
  7. ^ "Tianqi Lithium Corp's Sustainability Report for 2020Q4" (PDF). Archived from the original (PDF) on October 1, 2021. Alt URL


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