SEOUL, Nov. 12 (Korea Bizwire) – South Korean steelmaker POSCO Group said Wednesday it will invest 1.1 trillion won (US$750 million) to secure lithium resources in Australia and Argentina to bolster its rechargeable battery materials business. POSCO will acquire a 30 percent stake in a subholding company to be established by Australian miner Mineral Resources [...]
SEOUL, Dec. 24 (Korea Bizwire) — Scientists have discovered that lithium, a key component in electric vehicle batteries, could be effective in treating Autism Spectrum Disorder (ASD), according to new research announced on December 23. A team led by Kim Eunjoon at the Institute for Basic Science’s (IBS) Center for Synaptic Brain Dysfunctions has uncovered how [...]
SEOUL, Nov. 8 (Korea Bizwire) — POSCO Holdings Inc., South Korea’s top steelmaker, said Wednesday it signed a tentative agreement for a project involving lithium extraction from oil-field brine in Canada’s western province of Alberta. Under the memorandum of understanding with Invest Alberta Corporation (IAC) signed in Seoul, POSCO plans to pursue the project for [...]
NEW DELHI, Sept. 9 (Korea Bizwire) — South Korean President Yoon Suk Yeol and Argentine President Alberto Fernandez agreed Saturday to explore the possibility of the two countries’ joint lithium battery production in the South American nation, Yoon’s office said. The two leaders discussed the issue during a meeting on the sidelines of the Group [...]
SEOUL, July 7 (Korea Bizwire) — LG Energy Solution Ltd. said Friday it has signed a long-term agreement with Chile’s SQM S.A. for the supply of lithium, a key component in electric vehicle (EV) batteries, in the latest move to further bolster the sourcing of raw materials. Under the agreement, SQM will supply 100,000 tons [...]
SEOUL, June 30 (Korea Bizwire) — POSCO Holdings, a leader in lithium self-sufficiency for secondary batteries, has begun the construction of the second phase of its lithium production plant in Argentina. A groundbreaking ceremony was held at Hombre Muerto Salt Lake, attended by the Korean Ambassador to Argentina, the Head of Eco-Friendly Future Materials at [...]
SEOUL, May 19 (Korea Bizwire) — LG Energy Solution Ltd. (LGES) said Friday it has signed an investment agreement with an Australian lithium developer in an effort to bolster the sourcing of the critical mineral used in electric vehicle (EV) batteries. Under the agreement signed with Green Technology Metals Ltd., LGES will acquire an approximately [...]
SEOUL, Feb. 17 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical firm, said Friday it has invested US$75 million to acquire a stake in U.S.-based Piedmont Lithium Inc. for a stable supply of the key material for electric vehicle batteries. With the equity investment, LG Chem owns about 6 percent of Piedmont common [...]
SEOUL, Feb. 14 (Korea Bizwire) — POSCO Holdings Inc., South Korea’s top steelmaker, said Tuesday it has signed a memorandum of understanding with an Australian firm to look into a lithium project in the United States. Under the non-binding pact, POSCO and Jindalee will launch joint research on Jindalee’s wholly owned McDermitt lithium project in [...]
SEOUL, Jan. 11 (Korea Bizwire) — The Gwangju Institute of Science and Technology said Tuesday it has developed a new technology that can extend the driving distance of electric vehicles by enabling the realization of a high-performance lithium metal battery with higher energy storage capacity. The research team developed a new lithium battery with a [...]