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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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) [...]
SEOUL, May 31 (Korea Bizwire) — LG Chem Ltd., a leading South Korean chemical manufacturer, said Tuesday it will set up a joint venture with a Chinese miner in a bid to strengthen its supply of raw materials for electric vehicle batteries. LG Chem said it will turn its subsidiary, located in the southern South [...]
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 [...]