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Business Scoop » Zabuyelite Market Business Overview And Industrial Trends By Leading Players 2021-2031
Business Scoop provides news and views on Business and Markets from New Zealand ....
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Tianqi Lithium Scraps Share Sale After Exchange Questions Plan
Tianqi Lithium Scraps Share Sale After Exchange Queries Plan
Bloomberg
1/18/2021
Bloomberg News
© Bloomberg
Lithium ore moves along a conveyor at a Talison Lithium Ltd. facility, a joint venture between Tianqi Lithium Corp. and Albemarle Corp., in Greenbushes, Australia, on Thursday, Aug. 3, 2017. Rising Chinese demand for lithium-ion batteries needed for electric vehicles and energy storage is driving significant price gains and an asset boom in Australia, already the world s largest lithium producer.
(Bloomberg) Tianqi Lithium Corp. halted a private share-sale plan after a Chinese exchange queried the deal.
The company said Sunday it had terminated the plan, announced Friday, that would see it raise as much as 15.9 billion yuan ($2.5 billion) by issuing stock to controlling shareholder Chengdu Tianqi Industry Group Co. at 35.94 yuan per share about 40% below its last closing price. Tianqi said it scrapped the deal to avoid sh ....
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