A recent power cut at Salina Cruz refinery once again highlights maintenance problems and declining production of Mexico's refineries.
A lawyer at Pacífica Global said that Tianqi, SQM and Albemarle would hold 74.7% of the global lithium market after the acquisition.
Petrobras receives more than R$ 1 billion recovered by Operation Car Wash
But the prospects for the acquired company, now called Mosaic Fertilizantes, are positive, as the teams in Brazil are well ahead of schedule to achieve US$100mn in net savings this year, and US$275mn by the end of 2020, CEO Joc O'Rourke told a conference call.
The Venezuelan president has accused outgoing Colombian leader Juan Manuel Santos of involvement in an alleged assassination attempt against him.