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S. Korean Battery Components Maker Wins US$98.4 bln Lithium Mining Rights in Bolivia

S. Korean Battery Components Maker Wins US$98.4 bln Lithium Mining Rights in Bolivia

SEOUL, Nov. 30 (Korea Bizwire) – Indong Advanced Materials Inc., a South Korean producer of secondary battery materials, said Wednesday it has acquired lithium mining rights in Bolivia in a deal potentially worth as much as 130 trillion won (US$98.4 billion). The mining rights are part of the business contract Indong Advanced Materials has signed [...]

SK On to Build Nickel Production Facility in Indonesia with EcoPro, China’s GEM

SK On to Build Nickel Production Facility in Indonesia with EcoPro, China’s GEM

SEOUL, Nov. 25 (Korea Bizwire) — South Korean battery maker SK On Co. said Friday it has signed an initial agreement with two battery component producers to build a facility in Indonesia to produce an intermediate nickel product for electric vehicle batteries to secure stable supply of the key material. The memorandum of understanding (MOU) [...]

LG Chem, Korea Zinc Team Up for Battery Components Supply in North America

LG Chem, Korea Zinc Team Up for Battery Components Supply in North America

SEOUL, Nov. 23 (Korea Bizwire) — LG Chem Ltd., South Korea’s top chemical producer, said Wednesday it forged a partnership with a major South Korean smelter of nonferrous metals to work together for a stable supply of electric vehicle (EV) battery components in North America. LG Chem said it signed a memorandum of understanding with [...]

LG Energy Solution Secures Long-term Lithium Carbonate Supply from U.S. Producer

LG Energy Solution Secures Long-term Lithium Carbonate Supply from U.S. Producer

SEOUL, Nov. 11 (Korea Bizwire) — South Korean battery maker LG Energy Solution Ltd. said Friday it has signed a binding agreement with a U.S. minerals provider for a long-term supply of a key lithium product used in electric vehicle (EV) lithium-ion batteries. The offtake agreement with Compass Minerals Inc. is for 40 percent of [...]