What is Tianqi Lithium?

According to a Wood Mackenzie report, Tianqi Lithium is the world's fourth-largest and Asia's second-largest lithium compound producer by 2021 production volume, and a top ten supplier of battery-grade lithium hydroxide in the world.

Who is Tianqi battery?

Tianqi is now a critical supplier for global leading battery companies in the electric vehicle and energy storage sectors. The company has shown its capability to identify industry trends and capture end-market opportunities for business development and expansion.

How does Tianqi achieve self-sufficiency in lithium raw materials?

By leveraging the high-quality and low-cost lithium concentrate from the Greenbushes mine, Tianqi is able to achieve self-sufficiency in lithium raw materials for efficient manufacturing of high-quality lithium compounds and derivatives. The company is the only lithium producer in China that has achieved 100% self-sufficiency.

Where does Tianqi mine lithium?

Tianqi relies on the Greenbushes mine in Western Australia for the supply of lithium raw materials. The company holds lithium mining rights at the Greenbushes mine through Talison, in which Tianqi indirectly holds 26.01% equity interest.

Does Tianqi Lithium own Talison Lithium?

Tianqi Lithium acquired a 51% stake in Australia's Talison Lithium, which enjoys a rich reserve of quality lithium pyroxene mine, in 2014, and a 23.77% stake in Chile's SQM, which operates the world's largest lithium salt lake, in 2018.

Why is Tianqi a competitive advantage?

Tianqi’s 100% self-sufficiency in lithium raw materials provides the company with a low cost and reliable upstream support, which in turn positions Tianqi to be one of the lowest-cost producers of lithium compounds. We think this competitive advantage can be maintained and the company will earn more than its cost of capital in the long term.