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.
The National Pension Service (NPS) will further increase the proportion of overseas investment to around 40% of its assets by end-2022 with a higher share of global equities, according to its mid-term asset allocation plan. The share of global investment&hellip
South Korea’s leading asset owners are planning to expand private debt investment this year in pursuit of medium risks and medium returns, setting their eyes on direct lending and mezzanine notes. In a recent poll of the country’s 20 institutional&hellip
Jae-Sang Kim, who had worked with National Pension Service’s (NPS) Chief Investment Officer Myoun-Wook Kang in asset management firms for several years, was appointed on May 24 to lead the global alternative investment division of the $500 billion pension fund. NPS&hellip