battery materials Archives | Be Korea-savvy
POSCO to Build 1.5 tln-won Nickel, Precursor Factories in S. Korea with China’s CNGR

POSCO to Build 1.5 tln-won Nickel, Precursor Factories in S. Korea with China’s CNGR

SEOUL, June 21 (Korea Bizwire) — POSCO Holdings Inc. said Wednesday it is spending 1.5 trillion won (US$1.16 billion) with a Chinese partner to build factories in South Korea to produce nickel and precursor for secondary batteries. POSCO Holdings and POSCO Future M Co., the chemicals and materials-producing unit of the steel giant, signed the [...]

SKC, POSCO Partner Up to Develop Next-generation Battery Materials

SKC, POSCO Partner Up to Develop Next-generation Battery Materials

SEOUL, May 30 (Korea Bizwire) — SKC Co., an advanced materials maker under South Korea’s SK Group, said Tuesday it is joining hands with steel giant POSCO Holdings Inc. to develop next-generation secondary battery components as part of efforts to boost competitiveness in the rapidly growing industry. SKC and POSCO signed a comprehensive business agreement [...]

POSCO Future M, Huayou to Invest 1.7 tln Won in EV Battery Materials Production

POSCO Future M, Huayou to Invest 1.7 tln Won in EV Battery Materials Production

SEOUL, May 3 (Korea Bizwire) — POSCO Future M Co., a leading secondary battery materials producer, said Wednesday it has teamed up with a Chinese cobalt producer to invest 1.7 trillion won (US$1.27 billion) to build production facilities for battery precursors and anode components. The precursor factory will be established under a joint venture with [...]

POSCO, Chinese Firm Sign Preliminary Deal for EV Battery Nickel Production in Indonesia

POSCO, Chinese Firm Sign Preliminary Deal for EV Battery Nickel Production in Indonesia

SEOUL, Feb. 24 (Korea Bizwire) — POSCO Holdings Inc., South Korea’s top steelmaker, said Friday it has signed a preliminary deal with a Chinese firm for the production of nickel in Indonesia. Under the deal with Chinese resource trading and mining firm Ningbo Liqin, POSCO will build a plant to produce 120,000 tons of mixed [...]

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 [...]

LG Energy Solution Signs Battery Materials Supply Deals with 3 Canadian Mineral Companies

LG Energy Solution Signs Battery Materials Supply Deals with 3 Canadian Mineral Companies

SEOUL, Sept. 23 (Korea Bizwire) — LG Energy Solution Ltd. (LGES) said Friday it has signed supply agreements with three Canadian mineral companies to secure key raw materials used in lithium-ion batteries for electric vehicles. Under the arrangement with Electra Battery Materials Corp., the Toronto-based battery materials refiner will supply 7,000 tons of cobalt sulfate [...]

POSCO Chemical Joins Hands with British Startup for EV Battery Materials

POSCO Chemical Joins Hands with British Startup for EV Battery Materials

SEOUL, June 30 (Korea Bizwire) — POSCO Chemical Co., a major South Korean chemical company, said Thursday it has agreed to cooperate with a British battery startup on the development and supply of electric vehicle battery components in a bid to tap deeper into the European EV market. POSCO Chemical and Britishvolt Ltd., a West [...]

Lotte Chemical to Invest Additional 140 bln Won to Expand Battery Materials Plant

Lotte Chemical to Invest Additional 140 bln Won to Expand Battery Materials Plant

SEOUL, June 29 (Korea Bizwire) — Lotte Chemical Corp. said Wednesday it will spend an additional 140 billion won (US$108.4 million) to expand its electrolyte solvent factory in South Korea to produce four core electrolyte materials vital to the fabrication of lithium-ion batteries. Lotte Chemical said it will push to produce ethyl methyl carbonate (EMC) [...]

Lotte Chemical Eyes 50 tln Won in Sales by 2030 with Hydrogen, Battery Materials Drive

Lotte Chemical Eyes 50 tln Won in Sales by 2030 with Hydrogen, Battery Materials Drive

SEOUL, March 31 (Korea Bizwire) — Lotte Chemical Corp. said Thursday it aims to generate 50 trillion won (US$41.3 billion) in sales by 2030 from hydrogen energy, battery materials and plastic recycling as it seeks to make inroads into green businesses amid the industrywide transition to sustainable growth. The ambitious goal unveiled by the petrochemical [...]