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Jingguan Energy

Two months ago, news broke that Chilean Chemical and Mining Company (SQM) and Chilean National Copper Company (CODELCO), controlled by the Chilean government, had signed a partnership agreement, which aroused public concern about the nationalization of the Atacama Salt Lake, which SQM was mining. As the second largest shareholder of SQM, it seemed certain that Tianqi Lithium would suffer losses as a result.

But the direction of things is far from that simple. From a procedural point of view, the signing of the agreement between SQM and CODELCO is only the first step in the long process of landing the transaction. The transaction will need to go through a series of links, which will be long and full of uncertainties.

Regarding the transaction between SQM and CODELCO, Tianqi Lithium immediately questioned the compliance of the Partnership Agreement and took a series of measures to deal with it. Not only Chinese investors, but also indigenous peoples, congressmen and other forces in Chile have expressed opposition to the transaction and have protested a lot...

If we look at it from a higher perspective, we can further see that for South American countries including Chile, respecting the legitimate rights and interests of foreign investors, especially Chinese investors, while promoting their own national strategies is actually a wise choice that is in line with their long-term interests.