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.
Hana Financial Group, the parent company of KEB Hana Bank, will acquire a shopping center building and its surrounding land in a small Japanese city for around 50 billion won ($44 million), with a view to reselling part of its&hellip
KEB Hana Bank, a leading South Korean lender, has arranged $300 million lease financing for an aircraft portfolio of Avolon, in the first financing arrangement by a South Korean bank for the Irish aircraft leasing firm, according to local newspaper reports.&hellip
Korea Scientists and Engineers Mutual-aid Association (SEMA) has decided to make its first allocation to global private debt funds by committing $30 million to each of Golub Capital and Ares Management, and is considering committing an additional capital to European&hellip