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Watch onSANTIAGO - China's Tianqi Lithium Corp on Friday urged Chile's SQM to hold a shareholders vote over a lithium deal under discussion with state-run copper miner Codelco, and criticized a lack of clarity in the negotiations.
Chile is the world's second-largest producer of the metal that powers batteries for electric vehicles, and SQM is the country's top producer. It also reaffirmed the terms set out in a preliminary agreement in December, including the plan for Codelco to take a stake of 50% plus one share once the partnership goes into effect in 2025."There is still a considerable amount of fundamental aspects of the agreement that are not defined or have not been clearly explained," Tianqi said in a statement.