Chilean mining company SQM, the world's second-largest lithium producer, expects to meet a May 31 deadline to finalise a joint venture with state-run miner Codelco, SQM's CFO, Gerardo Illanes, said on Thursday.
Some analysts had cautioned the deal could be delayed after an earlier deadline was extended two months due to complexities in the negotiation, and flagged a high-profile dispute between SQM and shareholder Tianqi Lithium as a risk.
Chilean mining company SQM is on track to finalize a joint venture with state-run miner Codelco by May 31. Despite previous delays and a potential legal dispute, SQM's CFO is confident the deal will proceed smoothly. The venture could significantly impact lithium production for electric vehicle batteries.
Clayton Utz team advises Tianqi on completion of lithium JV with IGO Limited miragenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miragenews.com Daily Mail and Mail on Sunday newspapers.