HONG KONG -- China's Tianqi Lithium, one of the largest global lithium producers, said late Monday it has reached an agreement with lenders led by state-owned Citic Bank to extend the repayment of a $1.88 billion U.S.-dollar-denominated loan due at the end of November.
The accord is tentative, however, and it will only give the acquisitive Chinese company a reprieve of one month at most.
