tianqi sold all his shares of SQM (one of Chile lithium companies, around 23%) after the announcement. The situation of the lithium in Chile is very particular. in the Pinochet dictatorship, litium was nationalized, because it was a key ingredient of atomic bombs (and not much else at that time), and USA didn't want other countries to access the resource, so all current mines are in a lease contract (Albemarle until 2043, SQM until 2030). the new proposition opens new zones for exploitation, in exchange of the public-private parnership