china's tianqi lithium to buy a quarter of chile's sqm for $4.1 billion - where can i buy lithium batteries

(Reuters)-
China Tianqi Lithium company (002466. SZ)
On Thursday, it said it would acquire SQM, a lithium producer in Chile for nearly a quarter (SQMa. SN)for $4.
1 billion, get the key ingredient of the coveted rechargeable battery to power the phone and the electric car.
However, the sale is still facing a backlash.
Chile's trust regulator, because it will make Tianqi shy about controlling stakes in SQM, the world's second-largest bank
The company may have the right to appoint three seats on the board.
Tianqi, who has already produced major Lithium processors in Western Australia, said it will buy 62 units.
$65 per share, 5 million A shares from Canada
Nutrien Co. , Ltd. (base fertilizer company (NTR. TO).
The interest comes as Beijing is aggressively promoting electric vehicles to deal with air pollution and help Chinese domestic automakers build global brands beyond internal combustion engines.
The former Chilean government has filed a lawsuit with FNE's antitrust regulator to try to prevent the sale of the shares to Apocalypse, and the potential integration between the two lithium giants will distort the global lithium market, and could give China the upper hand in the global race for electric vehicle resources.
Chile's economy minister Jose Valentine told Reuters after announcing that the government would respect the country's regulator's final ruling on the deal.
"We have strong laws about free competition. . .
Aspects that must be considered and submitted by FNE (this deal)
We will abide by their decision . "
He added that the Chilean government welcomes foreign investment and does not discriminate against it due to nationality.
The FNE regulator must decide, by August, if possible, whether to conduct a full investigation into the case.
Nutrien Chief Executive Chuck Magro said at the BMO investor conference in New York that he believes the deal will not raise antitrust concerns and will be in the fourth quarter.
The Chilean Agency Corfo, which filed a complaint to prevent the sale of shares to Apocalypse, said in a statement that it was awaiting FNE's decision and would cooperate in the investigation.
FNE regulators, who ruled the complaint, declined to comment.
Reuters reported earlier this week that apocalypse and SQM are negotiating an agreement.
Since 2016, Tian Qi has been surrounded by square meters.
Earlier on Thursday, Kidman Resources Co. , Ltd. , Australia (KDR. AX)
Said it would provide lithium for Tesla (TSLA. O)
Electric car battery. The 24-
After its incorporation in January by Saskatchewan um and Saskatchewan Corp. Saskatchewan, Nutrien must sell the percentage of shares to fulfill its regulatory commitments. . SQM, whose U. S. -listed shares (SQM. N)fell 6.
$ 4%, $54.
42, there is also a significant fertilizer business.
Shares of Nutrien fell 0.
$ 4% to $65 in Toronto. 92.
Nutrien said it plans to take advantage of the proceeds from the sale of shares in SQM and two other companies, in part to expand its network of farm retail stores in the United States and to establish a network in Brazil.
Nutrien plans to sell the remaining 20.
2 million shares B
Nearly 8% of the sharesin the future.