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LG Chem Inks Deal to Secure Lithium Hydroxide from Canada

LG Chem Inks Deal to Secure Lithium Hydroxide from Canada

SEOUL, Jul. 4 (Korea Bizwire) — LG Chem Ltd., South Korea’s top chemicals company, said Wednesday it has signed a five-year deal with Nemaska Lithium, a Canadian supplier of lithium hydroxide, a key material in making electric vehicle batteries. The deal allows LG Chem to receive 7,000 tons of lithium hydroxide per year, enough for [...]

LG Chem to Invest 239.4 bln Won in Joint Ventures with Chinese Firm

LG Chem to Invest 239.4 bln Won in Joint Ventures with Chinese Firm

SEOUL, Apr. 11 (Korea Bizwire) — LG Chem Ltd., South Korea’s top chemicals company, said Wednesday that it has decided to invest 239.4 billion won (US$224.8 million) in two separate joint ventures with Huayou Cobalt Co., a Chinese supplier of the mineral. The deal underscored LG Chem’s efforts to secure a stable supply of cobalt, [...]

Chinese Authorities Still Giving S. Korean Electric Car Batteries the Cold Shoulder

Chinese Authorities Still Giving S. Korean Electric Car Batteries the Cold Shoulder

SEOUL, Jan. 4 (Korea Bizwire) — Despite the agreement between the Chinese and South Korean governments made last October to resume normal ties, it appears domestic electric car battery manufacturers are still feeling the brunt of China’s ill feeling, as the Chinese government once again excluded EVs equipped with South Korean batteries from its list [...]

South Korea’s Resource Recycling Program Proves Effective

South Korea’s Resource Recycling Program Proves Effective

SEOUL, Sept. 20 (Korea Bizwire) — The Ministry of Environment’s resource recycling program, which began in 2014 to pressure industrial operations that dispose of large amounts of waste, has proven more effective than expected. According to data released by the Ministry of Environment Tuesday, many of the companies that are on board with the trial resource [...]

POSCO, LG Chem Shine During Large-Cap Rally

POSCO, LG Chem Shine During Large-Cap Rally

SEOUL, Sept. 14 (Korea Bizwire) – South Korea’s top steelmaker POSCO and leading chemicals manufacturer LG Chem have seen their market value surge during this year’s stock rally driven by large caps, data showed Thursday. POSCO’s market capitalization stood at 29.1 trillion won (US$25.8 billion) as of Wednesday, ranking fourth among the top 30 companies [...]