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-0.00113821138211383 -0.00178861788617885 0.000562601626016335 0.0139837398373985 0.0165853658536586 0.0065040650406505 -0.000650406504065027 -0.00747967479674787
Stock impact report

Tianqi Lithium says weighing asset sales, strategic investors to slice debt [Reuters]

Albemarle Corporation (ALB) 
Last albemarle corporation earnings: 2/19 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investors.albemarle.com
Company Research Source: Reuters
Tianqi Lithium says weighing asset sales, strategic investors to slice debt BEIJING (Reuters) - Tianqi Lithium Corp, one of the world’s top lithium producers, said on Friday it was exploring selling equity and assets, as well as bringing in strategic investors to address liquidity problems but that no agreements had yet been signed. The Chinese company, which is set to post heavy losses in both 2019 and the first quarter of 2020 amid low lithium prices, made the comments in a filing to the Shenzhen Stock Exchange after reports it was looking to sell a stake in its Australian joint venture Talison Lithium to cut debt. Chengdu-based Tianqi has been struggling to repay loans taken out to finance its high-profile $4.1 billion acquisition of nearly quarter of Chilean miner SQM - agreed in 2018 when prices for lithium, a key ingredient in batteries for electric vehicles, were much higher. The company said its “liquidity pressure increased” in the fourth quarter of 2019 due to falling lithiu Show less Read more
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