With this localization, Korea's rechargeable cell manufacturing industry which relied totally on imported lithium will likely benefit from cost reduction. On February 7, POSCO held a ground-breaking ceremony for its carbon lithium plant within its Gwangyang Steel Works. The carbon lithium plant will have an annual production capacity of 2,500 tons.
Given that the current price of carbon lithium is set at around US$10,000 per ton, the plant is expected to create an annual revenue of about $25 million.
The 2,500 tons of carbon lithium are large enough to be used for the production of about 70 million laptop computer batteries or 60,000-70,000 electric vehicle batteries.
South Korea’s Government Employees Pension Service (GEPS) will select two global private debt fund managers employing opportunistic strategies to invest up to $160 million in a range of debts and fixed-income securities, according to the pension fund. GEPS will commit&hellip
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