RE:RE:Tianqi Did ItHi blaggers,
Tianqi is not the bigest producer, how do they control 46% of global lithium production? Tianqin owns about 24% SQM's shares, but they don't have any involvements with SQM, even have 0 board member.
tiger
blaggers wrote: ....and closed at a new all time high of 147.17 CNY.
Maybe the reason SQM has held up so well is Tianqi owns 24% of them.
Tianqi also controls 46% of the globes Lithium production.
Our President knows Tianqi very well from his time at Rockwood.
Rockwood Holdings, Inc. (NYSE:ROC) announced today that it has completed the acquisition of the ownership interest to create a joint venture (“JV”) with Sichuan Tianqi Lithium Industries Inc. (“Tianqi”), giving Rockwood a 49% ownership interest in Talison Lithium Pty Ltd. Rockwood funded the purchase price of $475 million from cash on hand.
Cheers,
Blaggers.