US EditionChile's Codelco-SQM Lithium Deal Clears Last Major Hurdle After China Greenlight
- Codelco and SQM's lithium joint venture has received approval from China's antitrust regulator, finalizing a deal first announced nearly two years ago.
- Chile's Minister of Mining, Aurora Williams, praised the approval as a major achievement and emphasized the importance of the National Lithium Strategy.
- China's State Administration for Market Regulation set conditions for the joint venture, including fair supply terms and prohibiting sensitive information sharing.
- The joint venture aims to produce an additional 300,000 tons of lithium carbonate equivalent by 2030.
16 Articles
16 Articles
Beijing. The China market regulator announced yesterday that it granted conditional approval for the Chilean state copper giant Codelco and the local lithium producer SQM to form a joint venture related to the latter mineral. “In the event of a major change in supply, both parties should make every reasonable effort to continue supplying lithium carbonate to Chinese customers. They should not refuse, restrict or delay supply to Chinese customers…
Chinese competition authorities greenlight joint lithium venture in Chile
China's State Administration for Market Regulation (SAMR) approved the partnership between Chile's state-owned copper company Codelco and private miner SQM to develop lithium resources in the Salar de Atacama, prompting Chile's Mining Minister Aurora Williams to hail the decision as “good news.”
The Beijing regulator imposed harsh conditions in the partnership with Santiago to ensure the supply of the key mineral for technology
Codelco and Sqm Finally Receive China’s Regulator’s Approval for Their Lithium Partnership Agreement
The agreement between Codelco and SQM for the exploitation of lithium in the Atacama Salt Flat took a key step after, after more than a year of waiting, the antitrust regulator of China finally gave the green light to this operation. This is the last necessary condition at the international level to materialize the society that will allow the State of Chile to enter into the exploitation of this mineral. This occurs after in mid-September the in…
Codelco & SQM's Lithium Partnership Gets China's Green Light
Chile’s state-owned copper giant Corporación Nacional Del Cobre de Chile (Codelco) and local lithium producer Sociedad Quimica y Minera (SQM) (NYSE:SQM) cleared the final major hurdle for a long-planned partnership after China’s antitrust regulator granted conditional approval to the venture.The green light allows the joint venture to move forward, pending formal authorization from Chile’s comptroller, which is widely expected by year-end.The jo…
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