Chile’s Constitutional Court on Oct. 22 postponed a decision on appeal to stop entry of China’s Tianqi Lithium Corp. from acquiring stake in SQM from Nutrien Ltd., according to Bloomberg. However, the Court is expected to take up the decision again on Oct. 25.
Both Nutrien and Tianqi Lithium expect to close the deal in the fourth quarter. Nutrien denied Chilean news reports that it has asked Indian authorities for an extension of its 18-month agreement to sell its SQM stake. The agreement ends in April 2019.