China suspects others lobbied to block it from Chilean lithium -official [Reuters]
Nutrien Ltd. Common Shares (NTR)
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Source: Reuters
China suspects others lobbied to block it from Chilean lithium -official | Reuters 3 Min Read SANTIAGO, May 8 (Reuters) - China suspects other countries, racing to secure resources to develop electric vehicles, lobbied Chile to block Chinese firms from purchasing a stake in top lithium producer SQM, its trade representative told Reuters on Tuesday. Chile’s former government in March asked antitrust regulators to review the sale of an approximately 30 percent in SQM to Chinese firms, saying it would distort the global lithium market and give the Asian giant an unfair advantage in securing strategic resources. “We have our suspicions. But we don’t know why they did it,” said Liu Rutao, China’s trade and economic representative to Chile, when asked if he believed other countries may have intervened. Chile state development agency Corfo, which filed the complaint, did not immediately respond to requests for comment. The FNE regulator is reviewing the complaint. The sale by Canadian fertil
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