Chilean regulator says shareholder approval not required for Codelco-SQM JV deal

By Yahoo! Finance | Jun 19, 2024 at 11:30 AM EST

The Chilean financial regulator CMF has approved the joint venture between Codelco and SQM for lithium production without requiring SQM shareholders' approval. This decision boosts Chile's role in the lithium market, impacting Tianqi Lithium, but the Chinese company's concerns were dismissed.

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