A Chilean courtroom has rejected a request from China’s Tianqi Lithium to pause a deliberate partnership between state-run Codelco and lithium miner SQM because the courtroom analyzes arguments in opposition to the deal, in accordance with a courtroom doc dated Thursday.
Tianqi, which owns a few fifth of SQM, is difficult the monetary regulator’s resolution to permit the three way partnership to maneuver ahead with out a vote by shareholders, and final week requested an appeals courtroom to droop the regulator’s decision whereas analyzing the matter. SQM and Tianqi declined to remark.