Tianqi open to renegotiating Kwinana refinery deal with IGO, no proposal received

Reuters

Aug 20, 2025

Tianqi open to renegotiating Kwinana refinery deal with IGO, no proposal received

By Melanie Burton and Lewis Jackson

MELBOURNE/BEIJING, Aug 20 (Reuters) - China's Tianqi Lithium is open to renegotiating joint venture partner IGO's stake in the troubled Kwinana lithium refinery in Western Australia, CEO Frank Ha said on Wednesday.

"I am open to any of their proposals that we can discuss, but until now we have not received any official proposals from them," Ha said during a media briefing.

"If they do not want to be a partner, they have to come to me, I'm open," he said.

The refinery, the first lithium hydroxide plant to be built in Australia, has been grappling with operational issues, production delays amid a lithium price slump.

IGO, which owns a 49% stake, wrote down the loss-making refinery and said it had low confidence the asset could be improved when it reported last month.

Ha, meanwhile, said Tianqi had no plans to shut the asset, which had a clear path to reaching its full nameplate capacity.

(Reporting by Lewis Jackson in Beijing and Melanie Burton in Melbourne; Editing by Jacqueline Wong)

((lewis.jackson@thomsonreuters.com; +86 139 1179 6497; Reuters Messaging: Wechat: LewisJackson92))

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