Tianqi Lithium Corp.

Tianqi Lithium Corp. is a senior lithium producer headquartered in Chengdu, China, operating primarily in Australia and South America. The company's portfolio consists of 4 projects, comprising 3 operating mines and 1 development project. Key assets include Atacama Salt Lake, Greenbushes, and Yajiang Cuola. The enterprise operates a vertically integrated business model covering key stages from raw material development to the production and sale of chemical products, achieving 100% self-sufficiency in its core resources. With over 30 years of industry experience, the organization has established processing plants that produce a range of battery-grade and industrial-grade compounds. A key differentiator is its capability for comprehensive recycling of industrial solid waste, operating a proprietary production line for silicon-aluminium powder, which serves as an innovation and incubation base for resource utilization. The company has cultivated strategic partnerships with major international customers, including battery material producers and multinational battery companies, by offering customized services and leveraging its integrated supply chain advantages. This model supports the long-term sustainable development of advanced battery technologies for the electric vehicle and energy storage industries.

The organization's long-term development strategy centers on consolidating upstream advantages, strengthening midstream processing capabilities, and expanding into downstream sectors. Strategic priorities involve exploring opportunities within the new energy value chain, including collaborative potential in next-generation battery technologies such as new energy materials and solid-state batteries. Management focus is on investment opportunities in electric vehicle and energy storage applications, with active engagement in downstream investments to address future material requirements in novel battery applications. Near-term objectives for 2025 include advancing capacity expansion projects, accelerating R&D and innovation, and deepening digitalization and green development initiatives. The enterprise aims to leverage its integrated dual-cycle supply system to maintain lower production and processing costs, enhance industrial chain synergies, and adapt to changes in the international environment.

Governance is structured around an 8-member Board of Directors, composed of 4 executive and 4 independent non-executive directors, achieving 50% independence and 50% female representation. Board oversight is facilitated through 5 specialized committees: Audit and Risk, Remuneration and Appraisal, Strategy and Investment, Nomination and Governance, and ESG and Sustainable Development. Each committee is chaired by an independent non-executive director, with the Audit and Risk Committee chair being a recognized finance expert. In 2024, Jiang Anqi was appointed Chairlady of the Board, succeeding Jiang Weiping, who continues to serve as an executive Director and was appointed Honorary Chairman to provide ongoing strategic guidance. The roles of Chairperson and President are separate, with the President responsible for overall and day-to-day management. The governance framework includes a mechanism for directors to seek independent professional advice at the company's expense and ensures all directors have access to management and company information to make informed decisions.

The organization integrates sustainability into its core operations by linking senior management remuneration to a framework of 22 specific ESG performance indicators. A key climate initiative is the 'Net Zero' program, launched in 2023, which invites value chain partners to commit to achieving net-zero emissions by 2050. To enhance governance and transparency, a monitoring function was added to the Audit Department in 2023, and the company enforces a 'sunshine procurement' policy, achieving 100% supplier commitment in the reporting period. Sales contracts incorporate clauses against commercial bribery, money laundering, and counter-terrorist financing. The enterprise's efforts have been recognized through an upgrade of its MSCI ESG rating to BBB in August 2023 and inclusion in the 2024 Fortune China ESG Impact List and the S&P Global Sustainability Yearbook 2024 (China Edition).

The corporate structure is characterized by strategic joint ventures and equity investments. The organization holds a 51% controlling interest in Tianqi Lithium Energy Australia Pty Ltd (TLEA), a joint investment platform with IGO Limited, which holds the remaining 49%. TLEA, in turn, holds a 51% interest in Windfield Holdings Pty Ltd, a joint venture with Albemarle Corporation, which owns the other 49%. The company also holds a significant 22.16% equity interest in Sociedad Quimica y Minera de Chile S.A. (SQM). Further strategic investments include minority stakes in various downstream and technology companies, such as a 20% interest in Shigatse Zabuye, a 7.97% interest in SES AI Corporation, and a 3.0004% interest in Beijing WeLion New Energy Technology Co., Ltd. The single largest shareholder group is Chengdu Tianqi Industrial (Group) Co., Limited, which holds 25.37% of the total issued share capital. In January 2025, the company ceased investment in a major expansion project to optimize resource allocation.