SEOUL, Sept. 4 (Korea Bizwire) — POSCO International Corp. said Monday it has signed two initial agreements with a Canadian and an Australian mining company for the sourcing of a key secondary battery material from Africa. Under the memorandum of understanding (MOU) with Canada’s NextSource Materials Inc., POSCO International will co-invest in Molo graphite mining [...]
SEOUL, Aug. 22 (Korea Bizwire) — South Korea’s antitrust regulator on Tuesday approved the launch of a joint venture between LS, the country’s 16th-largest conglomerate, and battery material producer L&F Co. The go-ahead for the new company that will produce precursors, tentatively named LS-L&F Battery Solution, came after the two firms filed applications in June, [...]
SEOUL, Aug. 7 (Korea Bizwire) — South Korea’s export of cathodes, a key secondary battery material, to the United States surged almost threefold in the first seven months from a year earlier, on growing demand for electric vehicle (EV) cells and the new U.S. law on promoting green technologies, data showed Monday. Outbound shipments of [...]
SEOUL, Aug. 7 (Korea Bizwire) – South Korea’s battery material companies are intensifying efforts to boost local precursor production capabilities, aiming to decrease reliance on imports from China while ensuring stable procurement, in light of the implementation of the U.S. Inflation Reduction Act (IRA). LS Corp., the holding company of the electric power equipment enterprise [...]
SEOUL, June 7 (Korea Bizwire) — LG Energy Solution Ltd. said Wednesday it has clinched an agreement with an Australian battery materials company to develop artificial graphite, a key component for secondary batteries, accelerating efforts to bolster the sourcing of core battery materials. The joint development agreement was signed with Novonix Ltd., a Brisbane-based tech [...]
SEOUL, Oct. 20 (Korea Bizwire) — South Korean battery maker LG Energy Solution Ltd. (LGES) said Thursday it has signed a non-binding supply agreement with an Australian partner for a key mineral used in lithium-ion batteries. Under the memorandum of understanding with Syrah Resources Ltd., the Australian company will provide 2,000 tons of natural graphite [...]
SEOUL, Sept. 28 (Korea Bizwire) — Youlchon Chemical Co., a South Korean producer of plastic films, said Wednesday it has signed an agreement to supply a key battery component used in electric vehicles to the joint venture company run by LG Energy Solution Ltd. and U.S. General Motors Co. for the next six years. The [...]
SEOUL, Sept. 14 (Korea Bizwire) — SK Materials Co., a semiconductor and display material unit under SK Group, said Tuesday it will team up with U.S.-based Group 14 Technologies to build a lithium-ion battery material factory in South Korea. SK Materials and Group 14 Technologies will launch a 75-25 joint venture later this month to [...]
SEOUL, July 28 (Korea Bizwire) — POSCO, the world’s fifth-largest steelmaker by output, said Wednesday it will build a new nickel sulfate refinery to meet rising demand for electric vehicle (EV) batteries. The steel giant said the broader POSCO group will invest 230 billion won (US$199.5 million) to build the new refining infrastructure to produce [...]
SEOUL, July 20 (Korea Bizwire) — SK Materials Co., a semiconductor and display material subsidiary under SK Group, said Tuesday it will form a joint venture with Group 14 Technologies to tap into the lithium-ion battery material business. SK Materials said it plans to invest 60 billion won (US$52 million) to hold a 75 percent [...]