hina’s Tianqi Lithium plans to appoint three members to the board of Chilean miner SQM who will be "fair" and "responsible toward shareholders", Tianqi chairperson Jiang Weiping said on Friday.
Tianqi’s $4.1-billion purchase of a 23.77% stake in SQM, the world’s second-biggest producer of lithium, a metal used in electric vehicle batteries, went through in December. The purchase drew scrutiny from Chilean regulators and opposition from SQM’s majority shareholder Pampa Group after it was announced in May 2018.