This per se is not new news but would cause a "shake-up" if it ends in an ugly fashion.
Back in late Sep Tianqi Lithium warn it could default on a $1.6B loan (Citec lead banking syndicate)
https://www.nasdaq.com/articles/tianqi-lithium-warns-of-%241.9-bln-default-as-loan-repayment-date-nears-2020-09-29
Tianqi (China's biggest lithium carbonate processor) used debt to purchase a stake in $4B stake (~24%) SQM at ~$65/share ... SQM is the big Lithium Carbonate producer from brines in Chile.
But what happens now that Tianqi can't service the loan? Some suggest "Let it Go ...." & sell out
https://finance.yahoo.com/news/best-way-avoid-1-9-011230733.html
SQM current trades about $35/share .... about 50% loss ... but who would take it off their hands for a couple of billion???
US Share Offering, page-46
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