Chile lithium miner SQM spars with China partner over Codelco deal

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Chile lithium miner SQM spars with China partner over Codelco deal
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Halifax police investigating Monday morning Dartmouth death as suspicious | SaltWire #newsupdate - Chilean miner SQM's board chairman challenged what he called the questionable motives of a major shareholder, China's Tianqi Lithium Corp, the latest jab in an increasingly public spat over SQM's planned partnership with state copper producer Codelco.

Tianqi Chief Executive Frank Ha emphasized the company's worries over the Codelco deal in comments to Chilean newspaper La Tercera published Saturday. SQM Board Chairman Gonzalo Guerrero singled out the remark in a statement distributed by SQM, arguing that it"raises questions about Tianqi's real objectives" just as negotiations with Codelco are close to concluding.Tianqi did not immediately respond to a request for comment.

"It's worth asking, once the transaction is vetoed, whether Tianqi would try to pursue this business opportunity for itself," he said.

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