According to a report by Reuters, China's Tianqi Lithium has nearly completed a deal to purchase a 24 percent stake in Chile's Sociedad Quimica Y Minera, one of the world's biggest lithium producers, for approximately 4.3 billion-dollars.
Tianqi, based out of Chengdu, China, which is building the world's biggest lithium processor in Western Australia, is set to sign a deal to acquire the stake in SQM from Canadian fertilizer company Nutrien Ltd.
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