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Tianqi News| Tianqi Director & President HA, Frank Chun Shing visited Chile
Author: Time:2021-11-26 Source : Font Size:big middle small

Recently, Mr. HA, Frank Chun Shing, Director & President of Tianqi Lithium, and his delegation paid a two-week visit to Chile.

During this trip, Mr. HA met with senior government officials of Chile including Juan Carlos Jobet (Minister of Energy and Mining), Lucas Palacios (Minister of Economy), Pablo Terrazas (Head of CORFO), and also management of SQM and Pampa Group, another major shareholder of SQM. Together they had in-depth discussions on such topics as the future cooperation between SQM and Tianqi in sustainable development.

In addition, Mr. HA and his delegation also went to Atacama Salt Lake in northern Chile, where they visited SQM's lithium manufacturing facilities, and looked into the company’s contributions to local communities and investment in sustainable development.

Tianqi Director & President HA, Frank Chun Shing and his company visited SQM*

At the end of the visit, Mr. HA said: “I’m very satisfied with the tour. Tianqi attaches great importance to investing in SQM, and this time, I have witnessed our investment progress. I’m happy to see our current shareholder status in the company. Tianqi will work together with SQM to promote the development of clean energy and green economy."

SQM is mainly engaged in the manufacturing and sales of lithium and its derivatives, plant nutrients, potash fertilizer and industrial chemicals. The company is the world's leading lithium chemical products producer and the biggest producer of iodine and potassium nitrate. Chilean Atacama Salt Lake operated by SQM boasts high lithium concentration, large reserve and mature mining condition compared with other parts of the world. Tianqi Lithium recognizes the high-quality resource endowment of SQM and realizes that it was holding too little of the SQM equity. Considering the long-term prospects of the new energy vehicles market, Tianqi Lithium completed the purchase of 23.77% of SQM’s Class A equity and became its second largest shareholder in 2018. This was to consolidate its long-term development strategy and achieve the strategic layout of the world's best salt lake lithium resources. In doing so it strives to enhance its long-term competitiveness, refine its resource layout and promote the upgrading of China's new energy industry.

* Image source: La Tercera (Andres Perez)

The copyright belongs to the photographer

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