The Chinese language firm, which owns a few fifth of SQM, requested the Supreme Court docket to halt the deal after an appeals courtroom declined to take action whereas it analyzed the arguments.
In keeping with La Tercera, Chile’s high courtroom stated “the Supreme Court docket shouldn’t be an appellate courtroom,” and would solely rule on such issues in distinctive circumstances, which wasn’t the case.
Tianqi didn’t instantly reply to a request for remark.
SQM and Codelco anticipate to start their partnership in 2025 and have expressed confidence within the settlement, which can make the state the bulk shareholder.
(By Fabian Cambero and Daina Beth Solomon; Enhancing by Kylie Madry and Paul Simao)