Tianqi

Electric cars may be struggling to build sales momentum, but that’s not stopping Chengdu Tianqi Industry from making a bold bet that demand for lithium-powered products can only go in one direction – up.

The Chinese battery maker on Monday gatecrashed US chemical maker Rockwood Holding’s bid for Perth-based miner Talison Lithium with a C$806m ($803.3m) takeover offer. The bid, at C$7.15 a share, represents a 10 per cent premium to Rockwood’s C$724m (or C$6.50 a share) bid. Continue reading »