Tianqi Deal Recharges Chile's Lithium Position 

阅读更多关于此新闻的文章,请点击链接: 天齐锂业通过规范锂交易重获智利市场

Apple's iPhone XS announcement grabbed the headlines but this week's biggest lithium battery deal might have taken place 6000 miles to the south. After months of wrangling with Chilean antitrust regulator, Fiscalía Nacional Económica (FNE), China’s Tianqi Lithium has come to terms to increase its 2% stake in Sociedad Química y Minera (SQM) (天齐锂业:收购SQM股权的最后一道坎:需智利法院最终裁决). The two sides officially present their agreement for trade court Tribunal de la Libre Competencia (TDLC) approval today.

Under the terms of the deal, Tianqi will not appoint any members to SQM’s board — they were entitled to three of the eight — and will not be able to access any commercially sensitive information. Tianqi will also have to notify regulators of any future, lithium-related deal with either SQM or Albemarle. The court has until October 4th to rule, which SQM has asked it to reject.

In March, Chile’s Economic Development Agency (CORFO) filed a complaint with FNE to block a late-2017 “non-binding” offer by Tianqi Lithium for Nutrien Ltd’s — formerly Potash Corp of Saskatchewan — 32% stake in SQM. Tianqi and Nutrien closed their deal for $4.1b — a 20% premium — in May, but ultimately needed Chilean approval to take up the stake.

Tianqi’s move was the largest of several by Asia-based companies that have heated up the Latin American lithium market has been active this year:

  • CORFO awarded Chile’s Molymet, China’s Sichuan Fulin Industrial Group, and a South Korean joint venture between Samsung SDI Co Ltd and POSCO deals for investing $754m in value-added industries on the lithium supply chain in exchange for guaranteed lithium supply. 

  • Nextview New Energy Lion Hong Kong’s $265m purchase of Lithium X Energy and its Argentine assets in April; and 

  • POSCO bought the Sal de Vida mine from Australia’s Galaxy Resources for $280m in May.

Looking forward, it is a matter of when and where, not if, China will make its next lithium acquisition in the region. The question may be, does it look to acquire an existing asset, or develop greenfield projects? If the latter, Bolivia's vast reserves may see even greater Chinese attention soon. 

Top Stories

委内瑞拉总统马杜罗今日起访华— Guancha

外交部就委内瑞拉总统马杜罗访华等答问_新闻发布_中国政府网— Miistry of Foreign Affairs of China 

Maduro viaja à China para visita de Estado— Agência Brasil 

Nicolás Maduro viaja à China para fortalecer acordos de cooperação estratégica— Brasil 24/7

China expressa confiança antes da visita de Nicolás Maduro a Pequim— Mundo Ao Minuto

Venezuelan President Nicolás Maduro travels this week to Beijing, sticking with the few friends he has.

美国因为台湾问题在拉丁美洲进行了最新的外交博弈— Baidu

Latin America says U.S. has itself to blame for Chinese entry into region that it opposes— McClatchy

Trump Administration Lectures Latin America on China— Two Weeks Notice

El acuerdo comercial  EEUU-México— El Observador

EEUU provoca alarma por rechazo a nexos de China con Centroamérica— Diario La Prensa

EEUU da primer golpe a El Salvador por alianza con China— Diario La Prensa

U.S. Recalls Top Diplomats From Latin America as Worries Rise Over China’s Influence— NYT

El creciente peso de China en América Latina: Estados Unidos llama a sus embajadores— Clarín 

Latin America needs carrots, not sticks— SCMP

¿Presiona Trump a países latinoamericanos para tener relaciones comerciales con Taiwán?— CNN en Español

Trump administration joins the China-Taiwan feud in Latin America— Axios

¿Pagará América Latina un precio por su apuesta en China?— CNN

The US government is taking a “recognition of Taiwan for me, but not for thee” approach to the recent shift in diplomatic relations from El Salvador, the Dominican Republic, and the like. Our friend Dan Erikson points out that pressure from the US on Latin American countries is increasing, but El Salvador is unlikely to be the last in the region to switch recognition. 

México es el antídoto de EU contra China, opina la IP— El Economista 

Brazil farmers vie for soy contract during U.S.-China trade war— Reuters

Notes from the trade war.

Brasil se prepara para questionar China e Índia na OMC— O Globo

Maggi diz perceber 'má vontade' da China para negociar barreiras protecionistas— Estado de Minas

Brasil e China expõem dificuldades e caminhos nas relações comerciais— Folha

Brazil, Australia to fight any Indian sugar export subsidy— Reuters 

Brazil moves to take both India and China to the World Trade Organization on sugar protectionism. Australia may join them in the case against India.

La cereza argentina se acerca a China y Tailandia— Agritotal

Argentina is looking to catch up on cherry exports, doing the homework to open up the Thai and Chinese markets.

China — LAC

墨西哥成进博会主宾国显示中拉贸易潜力— Xinhua

Mexico is expected to have the largest delegation at the China International Import Expo in Shanghai in November.

中拉文明对话促进双方繁荣发展— CSSN

Publicado libro que pretende facilitar comprensión de Franja y Ruta en América Latina— Xinhua

Diplomáticos destacan oportunidad que da Franja y Ruta para superar déficits de América Latina y Caribe— Xinhua

Académicos subrayan necesidad de avanzar en intercambios culturales entre China y América Latina— Xinhua

Las Relaciones entre China y América Latina y el Caribe en la Nueva Era— People’s Daily

Se celebra con éxito el II Seminario Internacional “China y América Latina: Diálogo entre Civilizaciones”— People’s Daily

Zhao Bentang, Director General del Departamento de América Latina y el Cribe del Ministerio de Relaciones Exteriores Asiste al Segundo Seminario "Diálogo entre Civilizaciones China-América Latina”— MOFCOM

China y AL tienen reto de profundizar conocimiento mutuo— Agencia Andina

Universidad Veracruzana impulsa la presencia de Latinoamérica en China— 20 Minutos

A conference on the Belt and Road and Latin America was held in Nanjing last week.

Presidente Duque llega a Panamá en medio disputa comercial con Colombia— France 24

Colombia y Panamá esperan solucionar en los "próximos" meses su disputa comercial— El Espectador

Colombia and Panama are moving forward on resolving a tax Bogotá placed on items transshipped through Panama’s Colón Free Zone on their way to Colombia — including a majority of items sent from China to Colombia.

Influencia china y lucha contra corrupción, centran la conferencia de la CAF— San Diego Tribune

A readout from the Dialogue’s annual CAF Conference, highlighting China’s increasing role in Latin America.

A dead drug lord’s mansion and China’s new Colombian connections— SCMP

SCMP hangs a story on the fact that the Chinese embassy is moving into a Colombia drug lord’s old house in Bogotá.

Chilean FM to visit China— Xinhua

Chile quiere "acelerar" negociaciones de productos con China— Xinhua

China y Chile buscan impulsar su comercio en medio de guerra comercial— La Tercera

Chilean Foreign Minister Roberto Ampuero and Chinese Commerce Minister Zhong Shan met in Beijing this week, looking to “accelerate” market access discussions for Chilean products to China.

China Railway and DIPU Sign— Caribbean Communications Network

THA signs ‘historic’ MOU with China Railway Construction— TT Newsday

PM: 5,000 jobs for La Brea— TT Newsday

Was Chinese firm banned by World Bank?— TT Newsday

A busy week for Trinidad. China Harbour Engineering Company (CHEC) signed a deal with National Infrastructure Development Corporation (NIDCO) to build a dry dock at La Brea, and China Railway Construction is going to sponsor engineers from Tobago.

Ameaçado por taxa dos Correios, Wish revê planos para o Brasil— Veja

Brazilian postal company Correios has announced a R$15 ($3.6) fee on all incoming international packages, even those that cost less than R$15. This is expected to hit expediters like Wish and AliExpress particularly hard.

China, una aspiradora para los productos agroindustriales argentinos— Clarín

Confirman que la Argentina comenzará a exportar carne de cerdo a China— Clarín

Argentina will begin exporting pork to China in November, and lemons in 2019.

Cómo resetear la política exterior argentina— Clarín 

A piece discussing how in addressing its current economic straights, Argentina needs to always keep an eye on US support, but can’t ignore its new connections with China.

Diego Sinhue se reúne con embajador de China en México— Union Guanajuato

Governor-elect of Guanajuato Diego Sinhue met with Chinese Ambassador Qiu Xiaoqi this week.

Panamá busca blindarse en negociación con China— Panamá América

A round-up of how the Panamanian private sector is looking to strengthen it’s position in Free Trade Agreement negotiations with China.

China abre a carteira para seduzir elites da América Latina— El País

A profile of China’s soft power impact in Latin America.

Megaplano chinês de investimento pode ser chance para o Brasil— Folha

CNI defende diversificação da pauta exportadora para a China em seminário em São Paulo— Comex do Brasil

No vácuo da crise brasileira, chineses e americanos se movimentam— Jornal do Brasil

Brazil’s ongoing crisis may be an opportunity for Chinese companies.

China’s Hytera to Enlarge Public Safety Network in Brazil— Yicai Global 

Consorcio Hytera Tetra Alagoas, a joint venture formed by Hytera’s US and Brazilian subsidiaries, has signed a RMB45.2m ($6.6m) deal with Alagoas’ public security bureau to upgrade the TETRA communications network used by local police, firefighters and emergency rescue teams.

Chinese Biotech Firm to Work On Commercialization of GM Soybeans in Argentina— Yicai Global

Chinese feed producer firm Dabeinong Technology is planning to introduce genetically modified soybeans to Argentina on a commercial basis.

Cartagena y Qingdao en China fortalecen relaciones turísticas— Caracol Radio

Shandong’s Qingdao and Colombia’s Cartagena have signed an agreement to cooperate on tourism.

Chinese firm confirms interest in buying Pacific Andes Peru assets, urges trustee not to sell Lima HQ— Undercurrent News

Zhonghai Ocean confirms interest in Pacific Andes— Seafood Source

The China Fisheries saga trawls on. Zhonghai Ocean Technology Stock Limited Company has confirmed it’s a “potential investor and plan funder,” but opposition by the family that owns parent company Pacific Andes International Holdings to sale of the company’s HQ to developers and differences in price mean this is far from a done deal.

Arándanos argentinos podría crecer un 15% durante actual temporada— Portal Frutícola

The Argentine Blueberry Committee expects to export 18,500 tons this season, and increase of 15% over last year, thanks to the first shipments of berries to China expected this season. 

Aguacate chileno seduce al paladar chino— Xinhua

An interview with the general manager of the Chile Hass Avocado Committee, Francisco Contardo.

China's top political advisor meets Uruguay vice president— Xinhua

Does what it says on the tin. China's chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC) Wang Yang met with with Uruguay's Vice President Lucia Topolansky.

Cooperación tecnológica brinda nueva experiencia a trabajadores chinos en Argentina— Xinhua

A worker’s eye view of the Cauchari solar park in Argentina.

Diego Guelar: "El miedo a China es mitológico y hay que desterrarlo”— Perfil

An interview with Argentina’s Ambassador to China, Diego Guelar.

Importação de soja pela China sobe em agosto com mais envios do Brasil— Globo

Brasileiros querem contrato futuro de soja diante de guerra comercial EUA-China — Globo

Huawei y ZTE, los dragones telecom de China que planean sobre América Latina— El Economista

A profile of Huawei, China Mobile, China Telecom, China Unicom and ZTE and their growth in Latin America.

Latin America is the next stage in the race for dominance in the ride-hailing market— TechCrunch

Scroll to the end for a discussion of Didi’s steps in Mexico and Brazil around the acquisition of 99.

Korea — LAC

LS-Nikko Copper secures long-term concentrate supply from Peruvian mine— Pulse News

South Korea-based copper smelter LS-Nikko Copper has signed a long-term purchasing agreement with Peruvian mining company Minsur S.A. for copper concentrate and electrolytic copper.

S. Korea and Mercosur to hold trade pact talks on Sept 11-15— Pulse News

South Korea and Mercosur began their first round of free trade agreement talks this week in Montevideo.

Korea's Mirae to launch Brazil's first fixed income ETF— City Wire Americas

Mirae Asset Global Investments launched Brazil’s first fixed-income ETF — the Mirae Asset Renda Fixa Pré Fundo de Índice — this week.

Japan — LAC

Aumenta superávit agroalimentario de México con Japón— 20 Minutos 

Mexico’s agricultural exports to Japan in the first half of the year increased 9% to $622m.

Toshiba Expands Mexico Footprint with Building Grand Opening in Guadalajara— Odessa American

Toshiba Global Commerce Solutions and Toshiba America Business Solutions has launched a new office building in Guadalajara.

India — LAC

Chilean Minister: Chile’s wine should ‘do in India what it’s done in China’— The Drinks Business

Chile’s Agricultural Minister Antonio Walker thinks that India is the next China — at least when it comes to wine.

Keen to boost bilateral ties with India: Mexican envoy— Business Line

Melba Pria, Ambassador of Mexico in India, spoke to the Bengal Chamber of Commerce and Industry about improving trade between the two countries.

Research centres ink MoU to promote agri innovation in Brazil, India— Business Line

Centre for Cellular and Molecular Platforms (C-CAMP), a bio-incubator and innovation hub, has signed an MoU with AgriHub, an initiative of the Federation of Agriculture and Livestock of the State of Mato Grosso in Brazil (FAMATO).

ASEAN & Oceania — LAC

We didn’t see anything this week — what did we miss?


UAE Ambassador Meets Mexican Undersecretary Of Foreign Affairs— Urdu Point

Carlos de Icaza Gonzalez, Mexican Undersecretary of Foreign Affairs, and Jorge Alvarez Fuentes, Director of Africa and Middle East Affairs hosted Ahmed Hatem Al Minhali, UAE Ambassador to Mexico at the Mexican Secretariat of Foreign Affairs.

Subscribe to our mailing list

* indicates required