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Blue sky missing from Tianqi sale picture

China’s strained trade relationship with Australia and COVID-19, added to crushed lithium carbonate prices, makes the timing of Tianqi Lithium’s attempt to raise much needed cash from selling some of its Western Australia interests seem particularly forlorn. But Toronto-based Stormcrow Capital still sees the apparent lack of strategic intent from potential buyers as a bad sign for lithium for “the foreseeable future”.

Blue sky missing from Tianqi sale picture Blue sky missing from Tianqi sale picture Blue sky missing from Tianqi sale picture Blue sky missing from Tianqi sale picture Blue sky missing from Tianqi sale picture

Construction of the Kwinana lithium hydroxide plant in Western Australia has been suspended

The equity research firm and battery minerals market commentator has suggested last week's announcement by Shenzhen-traded Tianqi of an equity sale by Chinese parent (up to 6% of the company's stock

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