Tianqi Lithium has successfully acquired lithium mining resources twice

Tianqi Lithium has a large amount of lithium resources, mainly due to two successful acquisitions. In 2012, the US chemical company Rockwood attempted to acquire all of Talison's common stock, but was defeated by Tianqi Group. In 2013, Tianqi Group successfully acquired 100% of the shares of Australia's Talison at a price three times higher than its own assets and injected it into Tianqi Lithium, thereby gaining control of the Greenbushes spodumene mine. Subsequently, Tianqi Group and Rockwood's subsidiary Lide Investment Co., Ltd. signed an acquisition agreement, and the two parties held 51% and 49% of the interests of Talison Lithium Co., Ltd. respectively. Talison's Greenbushes spodumene mine project is currently the largest and highest-grade lithium mine in production. In 2018, Tianqi Lithium acquired 23.77% of the shares of Chile's SQM for US$4.066 billion, becoming a veritable "lithium king". These two successful acquisitions have made Tianqi Lithium the only domestic producer that is 100% self-sufficient and fully vertically integrated through a large, consistent and stable supply of lithium concentrate.